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Peru will boost innovation through GDP

By Espinosa Bellido Abogados - 22/03/2019
Peru will boost innovation through GDP

By 2022 Peru looks to invest 1% of its gross domestic product (GDP) in innovation projects, as this would ensure that the country's growth rate is over 4% in the long term.

According to the Minister of Production, Raúl Pérez-Reyes, 1% of Peru’s GDP represents approximately USD 3,000 million, a figure that would position the country closer to the innovation investment levels of regional references in the matter like Chile and Colombia. "If you look at the region, we see that other countries allocate about 1% of their GDP to innovation. We are far from that”, Pérez-Reyes said to El Peruano.

However, the Minister stressed that Peru is able to double its public innovation projects for 2021, exploiting its many natural resources while incorporating new technologies.

Pérez-Reyes participated at StartUp Perú 2019, this year’s edition of a startup competition sponsored by the Peruvian government which provides funding to more than 350 local startups.

By Espinosa Bellido Abogados - 22/03/2019
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Espinosa Bellido Abogados

The Industrial Property work of Estudio Francisco Espinosa Bellido Abogados started in 1941 with Dr. Francisco Espinosa Sánchez, father of current senior partner Dr. Francisco Espinosa Bellido and grandfather of current partner Dr. Francisco Espinosa Reboa.

In its 69 years of outstanding legal work the firm has represented the interests of several national and international clients, companies and foreign correspondents obtaining and defending their industrial property rights in Peru, while also displaying an active and remarkable participation in the direction of professional associations in our speciality.

We specialize in counselling, prosecution and litigation in trademarks, patents, trade names, slogans, industrial designs, copyright, domain names, enforcement of those rights as well as unfair competition.