Stay up to date on our entrepreneurs, events, research and more. Check out our October newsletter here.
Endeavor is now one of the biggest and best networks of contacts to entrepreneurs who can imagine, is in every one of us to get the maximum potential and continue making it grow.
Uruguay is one of the strongest democracies in Latin America with 3.5 million citizens. In the last decade the country showed continued economic growth and in 2009 GDP increased 3%, despite the global slump. Exports have tripled in past years and foreign investment flow multiplied ten-fold.
Uruguay has the highest internet, broadband and PC penetration in Latin America, and it was the first country to introduce the “One Laptop per Child Program.” Every school student received a laptop, helping our future workforce eliminate the technology gap.
In this context, and although Uruguayans are not historical risk taking investors, entrepreneurship has grown in the country, driven by the detection of new opportunities. According to the last Global Entrepreneurship Monitor edition (GEM), the perception of risk is descending and the creation of new products and the internationalization of companies is increasing. Nevertheless, entrepreneurship still faces some barriers, as Uruguayan society tends to value stable career paths in large companies more than the risk of starting new business.