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Guatemala’s Entrepreneurship Ecosystem
August 2015
About the study
Guatemala is seeing an important rise in entrepreneurship throughout the country. However, according to data from
the Global Entrepreneurship Monitor (GEM), only 12% of Guatemalans start a business. Of those who start a
business, only 9.2% generate profit, and only 7.4% of these enterprises survive after 42 months .
For this reason, the Regional Chapter for Central America and Mexico of Aspen Network of Development
Entrepreneurs (ANDE)* developed this study with the following goals:
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Identify organizations who are working in the sector
Identify where the gaps are for supporting entrepreneurs
Identify potential partners for the organizations
Identify where organizations can collaborate to promote entrepreneurship in Guatemala
With those goals in mind, we designed a questionnaire with the following criteria:
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Type of intervention of the organization
Stage they support
Type of capacity development they offer
Financial support they offer (debt, investment, etc.)
Sector they support
Geographic presence
We thank the 33 participant organizations that are part of this first stage of this study, in which we are able
to visualize the support they offer, which areas are stronger and where collaboration is needed to strength
the entrepreneurship ecosystem.
*ANDE es una red global de organizaciones que impulsan el emprendimiento en economías emergentes como una manera para crear
prosperidad, fomentando relaciones y colaboraciones más fuertes en el ecosistema a nivel local e internacional. (www.andeglobal.org)
Entrepreneurial Ecosystem in Guatemala
Stage
Idea
Expansion
Stage
Early
Stage
Startup
Growth Stage
Financial Support
Campus Tec
Consolidation
Campus Tec
Fundación Namaste Guatemaya
Grupo DNA
Media Splash
SQMOS
PyME Capital
ASOPYME
Ministerio de Economía
Root Capital
Semilla Nueva
Pomona Impact
Alterna
Emprende U
OXFAM
Centro Municipal de Emprendimiento
Capacity Development
Type of support
TechnoServe
Byoearth
Mercy Corps - Micromentor
PRONACOM
Voces Vitales Guatemala
PRONACOM
Bpeace
Iniciativa PRO
Mejoremos Guate
Legend
Ecofiltro
Chamba
Kirzner Entrepreneurship Center (UFM)
Women
Swisscontact
Agriculture
Eslabón
U. Mesoamericana
Fundación Fundasistemas
Universidad InterNaciones
TIGO
EPVEN
*The organizations of “Financial Support” that are in Green offer financing and capacity development.
Technology
Social
Entrepreneurs
Youth
All
Presence at national level
Geographic presence
Totonicapán
Quetzaltenango
Suchitepéquez
Sacatepéquez
Sololá
SQMOS
All the organizations have
presence in Guatemala City,
except Fundación
Fundasistemas and
Fundación Namaste
Guatemaya.
What kind of support do you offer?
12
More than two-thirds of the
organizations provide
capacity development to
entrepreneurs, a critical
aspect to promote the
development of startups in a
short and long term.
One third of the
organizations carry out
research on
entrepreneurship, which
facilitates the development of
better models, processes and
strategies, to promote in a
more effective way the
ecosystem.
However, only 12
organizations provide
financial support, a sector
which need to be developed in
Guatemala.
Give
financial
support
25
4
Support to
conveners
Training to
entrepreneurs
Type of
support
12
Research
about the
topic
13
Education on
entrepreneurial
culture
How do organizations provide these capacities?
Trainings & Courses
15
Financial & Accounting Support
12
Leadership Programs
10
Mentoring
14
Accelerator
11
Market research & Analysis
14
Businesses Plan / Incubation
19
0
N=28
2
4
6
8
10
12
14
16
18
20
Capacity Development
Organization
Alterna
ASOPYME
Bpeace
Byoearth
Campus Tec
Centro Municipal de
Emprendimiento
Chamba
Ecofiltro
Emprende U
Eslabón
Fundación Fundasistemas
Fundación Namaste
Guatemaya
Iniciativa PRO
Kirzner Entrepreneurship
Center (UFM)
Media Splash
Mercy Corps
Ministerio de Economía
Oxfam
Pomona Impact
PRONACOM
Root Capital
Semilla Nueva
SQMOS
Swisscontact
Technoserve
Universidad InterNaciones
Universidad Mesoamericana
Voces Vitales Guatemala
EPVEN
Business Plan
Development /
Incubation
Market research &
Analysis
Acceleration
Mentoring
Leadership
Programs
Financial &
Accounting
Support
Trainings &
Courses
Investments in Guatemala
From the 33 organizations that participated in the
survey, only 12 provide financial support in
different forms: capital, debt in loans and
mezzanine, and others, less than a half of the
support programs for entrepreneurs are providing
capital, which is fundamental for the development
and growth of a startup.
Other (Grants)
1
Deuda (mezzasine)
2
Debt (loans)
Organization
Capital
Debt
(loans)
Deuda
(mezzanine)
Alterna
ASOPYME
Campus Tec
Fundación Namaste
Guatemaya
Grupo DNA
Media Splash
Ministerio de Economía
Pomona Impact
PYMECAPITAL
Root Capital
Semilla Nueva
SQMOS
9
Capital
7
0
2
4
6
8
10
As we can see, it is necessary to increase not only
the number of organizations that support
financially entrepreneurs in Guatemala, but also
innovate and diversify the types of financial
support they can access.
About the study
We want to thank all the organizations that participated in this survey, and recognize their great
contribution they make everyday to the entrepreneurial ecosystem in Guatemala.
If you are interested in being part of this map, please fill this survey.
For more information you can contact the regional staff of Central America & Mexico ANDE
Chapter:
Katia Dumont
Regional Manager
ANDE Central America & Mexico
Email: [email protected]
Rosario Uriarte
Programs Coordinator
ANDE Central America & Mexico
Email: [email protected]
Twitter @AndeMexicoCA
http://www.andeglobal.org