Peru to allocate over S/ 4 million for regional innovation

Peru's Ministry of Production, through ProInnóvate, has announced more than S/ 4 million in non-reimbursable public funding to drive productive innovation across seven regions: Arequipa, Cusco, Ica, La Libertad, Piura, San Martín, and Tacna.

The second call for regional contests includes 11 specific opportunities aimed at entrepreneurs, startups, micro, small, and medium-sized enterprises (MSMEs), and producer associations. The initiative is designed to help participants develop new products, improve existing processes, validate prototypes, and transform innovations into marketable solutions for both local and international markets.

Funding amounts vary by category. Business innovation grants offer up to S/ 200,000, while innovation validation projects can receive up to S/ 382,000. Other categories include innovative ventures with up to S/ 67,000 and dynamic ventures with up to S/ 150,000. The program expects to benefit more than 40 companies and entities, providing technical and financial support to enhance regional productivity and competitiveness.