Innovation and Entrepreneurship: A Model Based on Entrepreneur Development

This article proposes a person-centered model for entrepreneurship, rather than one based on an idea or business plan. It analyzes the characteristics of entrepreneurship development programs worldwide and presents a representative sample of best practices. On the basis of the main findings and lessons learned, this paper defines the characteristics and components of a new model for entrepreneur development and presents recommendations as to how to deploy the model in Latin America and the Caribbean.