Business innovation: a CAF tool to boost productivity in Argentina
An intensive training program kicked off with CAF’s support to promote the culture of innovation within companies in the wine sector throughout the province of Mendoza. This reinforces the multilateral agency’s commitment to tackle institutional and innovation challenges in the region.
As part of the Support Program for Business Innovation, CAF-development bank of Latin America- hosted “Innovation Week 2018” on 27-31 at the Cuyo National University in Mendoza, Argentina.
On the first day, CAF’s Director-Representative for Argentina, Andrés Rugeles, warned: “Latin American countries face an enormous challenge in productivity and diversification amidst the current economic scenario. Once production factors such as capital and labor have reached their growth potential, innovation will be the driving force for long-term sustainable growth in the country. Around 85% of the productivity profits come from investments in innovation, such as research and development, which generates value to companies.”
Rugeles also listed the challenges facing the region to reach production levels of developed countries and described some of the programs developed by CAF to provide a comprehensive solution to these challenges, such as the “Regional support program for business innovation” and the “Institutional strengthening program in patentable technology innovation.” “We hope that during these days of committed work companies will manage to implement best practices on innovation, so that we can become allies in making these practices sustainable in the long term,” he concluded.
The first day of “Innovation Week 2018” also featured CAF top executive Jairo Tiusabá, the Dean of the Faculty of Agricultural Sciences of the Cuyo National University, Flavia Filipini, entrepreneur Susana Balbo, and Regional Manager of Banco Supervielle, Adrián Rizo. The director of Transforme Consultores, Guillermo Beuchat, delivered a lecture on “Myths and paradigms” in business innovation, while Paolo Garbarini presented the successful case of the company he founded, Ilegal Malted Wine.
CAF is sponsoring “Innovation Week 2018” to encourage and support companies in their production innovation models, gathering major companies and public officials in the province of Mendoza. Through this 6th edition of the regional workshop, CAF reinforces its commitment to tackle institutional and innovation challenges in the region.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.