more than 86% of the total of registered They are small and micro businesseswhile the remaining percentage is made up of companies considered large and medium-sized.
He Secretary of Knowledge Economy, Ariel Sujarchukstressed that “from the secretariat we work tirelessly together with Minister Massa to Promote State policies in strategic and transversal sectors to all productive activities that are essential for the development of our country”, highlighted .
A state-funded biotechnology model from Buenos Aires
Biosidus is a pioneering Argentine company in biotechnology which develops and markets high-quality biopharmaceuticals in more than 60 countries. Recently, was highlighted by President Alberto Fernández during the opening of sessions of Congress 2023 for its “leading position in Latin America that sustains a strong investment process in the country that will allow substitution of imports and the real income of foreign exchange for their products.”
This company received financing through the Knowledge Economy Secretariat of the Ministry of Economy for $40 million for acquire equipment and implement the necessary technology for production of medicines.
In addition, the company recently adhered to the Knowledge Economy Law which grants a series of beneficial conditions such as a bond to pay national taxes corresponding to 70% of employer contributions; discounts of up to 60% of Income Tax; and exemption from payment of export duties for companies in the service sector.
“The benefits of the LEC are key to carry out our projects that imply a long path of R&D, innovation and local production. It is very difficult to do it alone, we need public-private articulation”counted Guillermo Battolla, Director of Human Resources and Corporate Affairs of the firm.
Solve problems through a national technological development
Setup is a leading software company in the country in development of logistics solutions with 25 years of experience in Argentina. The firm arose when two brothers from Rosario, Santa Fethey decided to unite their vocations to design a unique and highly superior solution to those that existed at that time.
Hernan PlanoCEO and founder of Setup, was dedicated to develop business while his brother worked in a transport company and studied programming. In order to solve his clients’ problems, he decided to develop a management problem solving program that turned out to be the first prototype that they began to market together in his hometown and then spread to the rest of the country.
“Today we have Setup software installed in almost all Argentine provinces and we are developing new products to achieve a process of internationalization of the company”, said the CEO of Setup.
He also said that the type of solutions offered “require a significant investment in equipment and, above all, in qualified personnel that today It is very difficult to get and maintain due to the great competition what’s in the technology sector.
In this context, he stressed that it is “very important to have state support and, in that sense, the Knowledge Economy Law gives you a tax recognition and significant tax benefits for this type of project”, added Hernán Plano.
Bet on the growth of SMEs
appstract is another of the companies that joined the Regime in this last half of the year. The firm was born in 2016 when Andrés Sosto and Pablo Telmo -partners and friends- decided to found their own company in the technological sector.
The firm based in the Parque Patricios Technological Park, in the City of Buenos Aires, is dedicated to creating custom solutions for the development and design of mobile and web applications. Among many other projects, they developed a mobile application for the economic consultancy Ecolatina and they designed an application and the totems for taking orders in the local mustardthe national fast food chain.
“We believe we have a lot of potential to grow and sometimes the tax burden becomes too great. We did everything to lung and the Knowledge Economy Law will allow us to grow and scale more quickly”expressed Pablo Telmo, Founding Partner of Appstract.
Source: Ambito
