This study examines the general circumstances for the growth of technology-based businesses (TBEs) in Latin America from a multifaceted standpoint that is characterized by examining the status of public institutions and individual actions that aid in their development in the absence of funding sources resources, both financial and non-financial. According to a survey of the literature covering the years 2015 to 2021, the major obstacle to their survival is the poor productivity of the elements that influence the ongoing presence of public organizations to ensure their functioning. This paper aids in understanding the degree of stability required by this group of businesses to make up for the inadequate diversity of Latin American national output.