What does Peru need in order to improve its innovation index? With that in mind, what benefits might innovations bring to its entrepreneurs and citizens? If it succeeds in improving its index, would Peru be considered as an innovative country? In 2014, Peru earned the title “Least innovative country in the Pacific Alliance,” according to the Global Innovation Index developed by the World Economic Forum. While average expenditure on innovation in Latin America is 0.7%, Peru spent close to 0.5% of its GDP on R&D. To overcome this situation, one of the ways in which the Peruvian government has sought to improve the competitiveness of their companies (99.6% are micro, small and medium) is to develop and promote contest financing sources, grouped today under the National Program for Innovation for the Productivity and Competitiveness umbrella, known as INNOVATE PERU, creating Government-University-Company alliances. The way and amount that we innovate will directly impact upon Peru’s commitment to join a developed world. However, the necessary success that would allow it to join global competitiveness depends on the competences of project managers. This study determines the relevant competences that a project manager needs in order to achieve success in innovative projects. We performed a quantitative analysis of twelve project managers of projects developed by the Universidad de Piura (UDEP) over the last five years. The results showed that the main competences of UDEP’s project manager are behavioral, which covers their attitudes and skills in a wide spectrum of elements.