Vol.12, No.4, November 2023.                                                                                                                                                                               ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Do Technology Startups Replicate Internationalization Patterns From Big Companies? Evidence From Latin America


Nicolas A. Nunez, Marcelo Barrios


© 2023 Nicolas A. Nunez, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 12, Issue 4, Pages 2350-2360, ISSN 2217-8309, DOI: 10.18421/TEM124-47 November 2023.


Received: 20 June 2023.

Revised:   15 September 2023.
Accepted: 21 September 2023.
Published: 27 November 2023.




This article discusses the internationalization of technology startups in Latin America. The study analyzed 121 startups from five countries using a quantitative approach and data was collected from the Crunchbase platform. Results indicate that Argentinean, Chilean, and Colombian startups have faster internationalization trajectories than their Brazilian and Mexican counterparts, which tend to remain local during initial stages following the Uppsala model pattern. Our study on startup internationalization in Latin America yielded comparable results to big tech companies from these countries. However, we noticed that Mexican startups have better access to financial support receiving double the investment compared to other organizations. These finding provide valuable insights into promotive international entrepreneurship in emerging countries and can inform public policy accordingly.


Keywords – Start-ups, internationalization, entrepreneurship, Latin America, international entrepreneurship, technology.



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