Good representation for the LatAm region. Surprising that India is not on the list – India is abuzz with entrepreneurial activity, you can see it on the streets. There is also a difference between entrepreneurship by choice vs. entrepreneurship by compulsion (i.e. lack of employment alternatives)
Long-term, entrepreneurship in every form is to be encouraged. Governments and large companies are not equipped to have ‘jobs’ for the large numbers of youth entering the labor force each year. The education systems in India and LatAm need to be revised to reflect this reality. Each child needs to learn the importance of lifelong learning to build skills that will create value.
In the TEA category of initial entrepreneurs, the ten most entrepreneurial countries are: Thailand 26.87%, Peru 25.89%, Colombia 22.72%, Venezuela 20.16%, the Dominican Republic 16.75%, China 16.43%, Argentina 14.43%, Chile 13.43%, Brazil 12.72% and Uruguay 12.21%.
This is one of my key passions – to facilitate companies with a Gandhian engineering approach to their product portfolio to enter and serve previously ignored market segments in Latin America. Poster child for this approach – the Tata Nano car.
Definition of Gandhian engineering [via Innosight]: Gandhian engineering, or appropriate design, – a terrific mechanism for forcing product and business model development to cleave to the need profile of a target segment. After all, there is no greater predictor of disruptive success than products and business models that are designed around important and unsatisfied jobs to be done.
A group of volunteer engineers are finishing the design for a home-brewed wind turbine that will bring electricity to off-the-grid Guatemalan villages by this summer.
After the U.S. engineers finish the design, local workers in the town of Quetzaltenango will manufacture the small-scale turbine. It will produce 10-15 watts of electricity, enough to charge a 12-volt battery that can power simple devices like LED lights.
The turbine was created by the Appropriate Technology Design Team of EWB’s San Francisco chapter. Team members like Malcolm Knapp and Heather Fleming spend their nights and weekends inside D2M’s design shop trying to perfect low-tech gadgets for people 2,500 miles away. D2M, which is Knapp and Fleming’s employer, donates the lab space for after-hours use by the EWB team.
A land of magic and wonder. I love the lyrical and poetic description in Spanish that is hard to replicate in English – a style that is almost never used in a mainstream English language newspaper. Grupo Clarin is the biggest Argentine media company.
La India, uno de los países más visitados del mundo, es un destino que refleja como pocos el colorido, contradicciones, belleza y dinamismo de un mundo complejo, donde el pasado coexiste con el presente.
India, one of the most visited countries in the world, a destination reflecting the colors, contradictions, beauty and dynamism of a complex world, where the past coexists with the present.
Un viaje entre el magnetismo y la magia, las tradiciones y la modernidad, la espiritualidad y el choque cultural.
A trip between magnetism and magic, tradition and modernity, spirituality and culture shock.
The Confederation of Indian Industry (CII) organized a daylong seminar on 13 March where 10 heads of missions and top officials from the Latin American and Caribbean Countries represented in India, made presentations on opportunities in doing business with their countries.
The ambassadors and embassy officials included, Ernesto Carlos Alvarez, Ambassador, Republic of Argentina; Urvashi Ramnarine, Deputy High Commissioner, Trinidad & Tobago; Miguel Angel Ramirez Ramos, Ambassador, Cuba; Soraya Caro, Legal Counsellor, Embassy of Columbia; Alberto Jose Pinzon Mata, Ambassador, Panama, Alfonso Silva, Ambassador, Republic of Chile; K Baijnath, Ambassador, Republic of Suriname; Carlos Abad, Ambassador, Ecuador; Rogelio Granguillhome, Ambassador, Mexico and Hans Dannenberg Castellanos, Ambassador Dominican republic.
While trade with these countries had grown from $3 billion in 2005 to almost $7 billion in the current financial year, the imports from the region too have seen a similar rise. The need of the hour is to use this complementary potential in a mutually beneficial manner.
Indian companie can building manufacturing capacity to the LAC region to serve those markets, as well as to use countries like Chile and Peru as a springboard, with their FTAs, to export to the US.
Potential joint research opportunities for Indian organizations
Translated excerpts from LANACION.com
The frogs and toads of our country[Argentina] could be a very important tool in the development of new drugs against TB
Researchers there say that secretions from the skin of amphibians containing compounds capable of fighting pathogens, including the cause of tuberculosis.
“All living organisms are able to produce compounds that are part of their natural defense system,” he told BBC Science Dr. Georgina Tonarelli, a researcher from the Faculty of Chemical and Biological Sciences of the Universidad Nacional del Litoral (UNL), Argentina “We are working with compounds frog species characteristics of the provinces of Santa Fe and Entre Rios (in the east),” he adds.
According to the World Health Organization, each year there are at the world around 425,000 new cases of MDR, mostly in the countries of the former Soviet Union, China and India.
“So far we have succeeded in isolating peptides capable of producing four inhibiting the growth of Mycobacterium tuberculosis,” says Alvaro Siano, fellow of the National Council on Science and Technology (CONACYT), which is also involved in the investigation.
Giving MNCs a run for their money in their home markets by being more in tune with customer needs and serving the historically neglected market of the ‘bottom of the pyramid’.
“China and India are the hot global growth markets for companies today. But Western companies are at serious risk of missing out on the growth boom in such markets,” said report coauthor and New Delhi-based BCG partner Arindam Bhattacharya. “In fact, these markets are being conquered by dynamic local companies, which are mastering local challenges, creating huge competitive advantage and shareholder value.”
With over $60 billion in total revenues(2) and average year-on-year growth rates of over 50 percent, the local dynamos are already key players in their domestic markets: 37 out of the 50 have become clear market leaders in their segments, often at the expense of bigger, international rivals.
Full Report here