YABT and AMCHAM Foundation begin a Business Laboratory Workshop on Innovation

Asuncion, May 26, 2014 – For more than one week in Paraguay, ideas and proposals selected for their innovative components will be exchanged among entrepreneur participants from Paraguay and other countries of the Americas. The Business Lab Workshop on Innovation, beginning May 26th, will take place at the AMCHAM Headquarters in Asunción, with the participation of 35 persons selected from a Call for Proposals, including entrepreneurs from Colombia and Uruguay.

The Workshop, organized by the Young Americas Business Trust (YABT) together with the AMCHAM Foundation of Paraguay, will run until May 30th when the working groups will present their proposals on innovation management before an Investment Panel, formed by prominent business professionals from the South American country. The organizing entities of the Workshop highlight that it will be focused on generating local capacity to improve business competitiveness through the design and management of environments and processes of innovation, contributing to the creation and growth of businesses that are better prepared for the challenges faced by every business.

Paraguay welcomes this week long training program as part of the technical cooperation agreement between YABT and the State of Israel, by way of the Israeli Development Cooperation Agency (MASHAV), and the Golda Meir Mount Carmel Training Center (MCTC) in Haifa. The knowledge transfer sessions from Israel will be led by Guillermo Levinton and Laura Altschuler, MCTC specialists from Israel with extensive international experience in entrepreneurship and business development training.

Israel has been recognized for its considerable growth and commitment to innovation in all sectors. During the Workshop for the young entrepreneurs with involvement of the Paraguayan business community, the MCTC specialists will share their expertise in the elements that characterize Israel's business support system, including the promotion of public policies conducive to a productive environment which enables the evolution of businesses, despite barriers they encounter in the process of their development.

"On behalf of the YABT, I want to make mention of the close collaboration between the Government of Paraguay, the private sector and other actors, with whom we joined forces to make this opportunity in Paraguay a reality. We hope that this foundation of collaboration will allow us to continue to implement activities and initiatives which harness innovation as a pillar in the sustainable economic growth of Paraguay, primarily in support of youth", stated Valerie Lorena, Executive Director of the YABT.

Following the Workshop, the YABT will be hosting the Finals of the Talent and Innovation Challenge of the Americas (TIC Americas) 2014, on June 1 and 2. The TIC Americas Finals will take place in the Convention Hall of the Central Bank of Paraguay, where twenty four teams from sixteen countries will be competing in three categories. The event is free and open to attendance with previous registration here.

For more information, please contact us via e-mail: edgar.maestre@yabt.net.