“An incubator is usually the physical space where entrepreneurs deposit the eggs of their ideas, and keep them warm until they are ready to ‘hatch.’ Many coworking spaces also function as incubators. Reports that there are over 141 coworking spaces in Latin America. Brazil leads the coworking trend with 95 spaces and counting. Once the business concept is ready to see daylight, the founder can enroll in an accelerator program. In 2014, Fundacity issued a report on the accelerators of Latin America. They noted that the total investment in the Latin American region was US$35,381,944 in 872 startups by 53 accelerators.”
http://nomadcapitalist.com/2015/05/06/latin-american-startup-movement-gaining-momentum-030/
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