Innovation & Technology

Investments in R&D and innovation have been on the rise in Argentina, driven largely by greater government commitment to sector development. It was to this end that the Ministry of Science, Technology and Productive Innovation was created in 2007. Public investment growth has been repaid in terms of institutional strengthening and increased private sector interest, resulting in improved innovation and global competitiveness rankings. Between 2006 and 2015 spending on public research and development increased by some 279% at current prices, from roughly $1.1m to $4m. As Argentina’s economy continues to open up, greater international exposure will require commensurately increasing levels of R&D and innovation in order to achieve a greater degree of competitiveness. This chapter contains interviews with Hugo Sigman, CEO, Grupo Insud; and Martín Migoya, CEO, Globant.