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Peru's congress is considering a draft bill to create a science, technology and innovation ministry (MCTI), according to the congressional website.
The ministry would be in charge of proposing and carrying out public policies for science and technology and be lead by the current council for science, technology and IT innovation, Concytec.
When running for office, President Ollanta Humala promised plans for the IT industry, such as merging all state funds devoted to science and technology into one, administered by a single organization under MCTI's jurisdiction. And the government committed to contributing 50% of investments in joint research done by universities and companies.
According to the bill, Peru is behind in terms of science, technology and innovation; further, neither private nor public sector entities invest sufficiently in this area.
Creating the ministry is expected to allow investment for innovation and IT development, with the idea of improving country and government productivity and competiveness.
Peru invests 0.16% of its GDP in research and development, significantly lower than the average 0.69% that other countries in Latin America and the Caribbean invest for scientific and technological purposes, the document said.
Use this link to review the entire bill, in Spanish.