his paper, to give an account of the current state of innovation and entrepreneurship in education, based on a documentary analysis, under the framework of the Global Entre- preneurship Monitor (GEM) model. Methodo- logically, the paper is based on a correlational quantitative analysis; Theoretically, it ́s based on the theories of economic development, competitiveness, orientations to innovation proposed by Schumpeter. Finally, Latin America has a higher rate of entrepreneurship in the world, despite having little innovation and poor quality in the education systems of the region.