A Japanese fund that will invest 5000 million US dollars in the region analyzes the opening of its offices in Buenos Aires

SoftBank Group, a Japanese telecommunications and Internet company, announced Thursday the creation of a $ 5 billion fund for investment in
That's why the director of corporate operations, Marcelo Claure, came to Latin America. The executive will meet with President Mauricio Macri to discuss the establishment of regional offices in Buenos Aires, and then begin announcing investments in one or two months.

"Argentina is a country that has always raised great expectations, but has a history of ups and downs, which is why we would like the President to tell us what the support policy is in place. this new economy, which differs from traditional societies We need a government that has the vision to change the world of regulation, so as to promote entrepreneurs and, in return, to put this capital at the service of companies, "said Claure during a dialogue with
THE NATION.

According to the executive, the country and region offer opportunities for rapid deployment of large-scale technologies and disruptive innovations, as the GDP of the Latin American market is double that of India. and represents 10% of the world. Moreover, according to him, there is more
smartphones that in the United States and a rapid adoption of technology.

But the limit for the entrepreneur to develop would be the
"There is a lack of entrepreneurial capital and this limits the growth and ambition of entrepreneurs.If they have a partner like SoftBank, they will think differently and will have bigger ambitions, thus creating the biggest companies of the world, "he said.

In this regard, he said that the 5 billion US dollars from which the fund is created are "little" for the region because if the GDP is accounted for and divided by the investment, the l & # 39; Latin America is the poorest continent in terms of investment.
venture capital (with Africa). "We started with $ 5,000 million, but we are certain to find companies to grow in Latin America and around the world," he said.

He added, "We have a larger fund operating around the world, but we understand that Latin America is different, it has its complexities, so we want to create a dedicated local group that understands how much it can be complex and can help, think and execute. "

Globally, SoftBank has invested in Uber, WeWork, DoorDash (food delivery company), the Wag dog walker application, and owns Brightstar, whose Argentinian subsidiary makes mobile phones in Tierra del Fuego.

"We are looking for entrepreneurs able to disrupt all traditional industries such as transport, logistics, e-commerce, health, banks, hotels and cars.We do not care about the industry, we are looking for entrepreneurs who have disruptive models, "he concluded.