Lima will host Peru Service Summit 2016. The event will be developed on July 11th to 14th and will be the epicentre of digital innovation and the best entrance gate for Spanish companies that want to do business or need to outsource technological services.  

What is happening in Peru is truly exciting. The entrepreneurial ecosystem, technology and innovation have a very interesting dynamism in this beautiful Andean lands.

Peru Service Summit will gather the very best in business contents and solutions supply in the technological services area, which will make it the main business platform for commerce in Latin America. Around 20,000 people from all over the world attended the 2015 edition (94 companies from 19 countries), generating business opportunities for over USD 85.4 million. High impact events and figures that create employment.

In addition, the event is a unique opportunity for Spanish companies that want to go international through strategic alliances in several subsectors, such as: animation, 3D architecture, contact centres, editorial and digitalization of processes, digital marketing and advertising, software, development of mobile apps or videogames.

“Peru is not a fashion trend. Trends go out of fashion and we have proven to be one of the most stable and solid economies of the region”, points out Bernardo Muñoz, Economic Commercial Adviser of the Commercial Office of Peru’s Embassy in Spain. “And now Spanish companies have an interesting opportunity to share their knowledge in the whole process of digital transformation and productive innovation that Peru is going through”, he added.

There State policies in Peru that strongly bet on the country’s digital transformation and productive innovation. The National Program of Innovation for Competitiveness and Productivity (PNDP), which has planned projects for over USD 107 million up to 2021, has called the attention of Spanish companies. In fact, there are more than 400 companies settled in Peru and another 800 doing business there, particularly lots of specialized small and medium companies that have gone along with large Spanish international firms.

According to data from AFIN and the Chamber of Trade of Lima, the main investments in the years to come will occur in industries such as: telecommunications, to provide services to the optic fibre network; transport, to improve land, sea and air routes for moving merchandising; energy; supply infrastructures; health, with almost 200 new hospitals; or education, by building more schools and classrooms.

“One of the largest projects has been the development of a 13,500 kilometres of optic fibre network, connecting 180 towns, which now provides interesting opportunities to deliver health services, digital contents, education, electronic government, cybersecurity services…”, says Juan Millán, partner at Gedeth Network. “Peruvian professionals are very well trained and events such as Peru Service Summit represent an attractive opportunity to form alliances, find a local partner, get help and access projects”.

The Centre for Industrial Technological Development (CDTI) and the Peruvian National Council of Science and Technology has opened a call to finance R+D projects, in order to promote bilateral cooperation between Peruvian and Spanish companies. The end date of the call is June 30^th. The goal is to encourage a Peruvian and a Spanish company to develop a solution that is either a technology, a process or a product, which improves the state of art of technology and shows significant potential of commercial implementation.

Other attractive features to do business in Peru include:

• the new tax incentives law that the government has passed to encourage large companies to innovate by reducing up to 175% expenditures for R+D
• the entrepreneurial ecosystem that has been developed around Startup Peru
• the platform Innovate Peru, executing agency of the National Innovation Plan, which has already finance over 1,300 innovation projects.

Clearly, Peru is going through the right path.