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Business Startups Flourishing in Argentina Market
As most of the globe continues to lick their wounds from the current economic crisis, South America has one of the fastest growing economies in the world with Argentina leading the way with as regional pioneers in trade and industry.
Argentina has a lot of international appeal with more than 1,000 overseas companies operating in the country (including half of the Fortune 100 firms) and many more have been there for over half a century. International businesses are involved in a wide range of activities in such diverse sectors as agro-industries, automotive industry, chemicals and petrochemicals, pharmaceuticals, telecommunications, public utilities, information technologies and life sciences (biotechnology and bioengineering)
But before the entrepreneur can make an impact locally, let alone globally, they’re going to have to raise capital. The two primary modes of entry into foreign markets are acquisition and joint ventures with local partners. Although angel investing has traditionally been viewed as US and European practices, Argentine entrepreneurs have recently fostered a promising start-up environment with local venture capital funds and angel investors readily available. In a country where it was once thought that only people who benefited from family inheritance or had government contacts determines who starts businesses, recent business and economic changes have helped markets like Argentina become more open for entrepreneurs and angel investors to exchange new ideas.
The new culture of angel investing has created positive repercussions throughout the region and beyond. As noted in the New York Times, Google “cited Argentina's emerging entrepreneurial spirit as a main justification for its decision last year to base its Latin American operations in Buenos Aires” and Alberto Arebalos, Google's Latin American spokesman, says this budding movement "will not change despite the ups and downs of the economy".
For more information on Angel Investing in Argentina, please visit the Argentinean site of Angel Investment Network Ltd at http://www.angelesinversionistas.com
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The Angel Investment Network currently includes a wide range of International investors looking for investment opportunities, along with entrepreneurs in Argentina looking to get their business off the ground.