Purpose. The fast and constant changes in the economy, force companies to constantly innovate in order to remain in the market, some of them achieve it, but others are left behind. The importance of knowing what to innovate in, how, for whom and where to do it, are part of the decisions that business managers must make and need support tools to achieve it. That is why this research has been undertaken to develop and validate an instrument to characterize the impact of the Innovation Radar application with its four dimensions: Your offer (what?), the clients they serve (to whom?), the processes they use (how?) and the market (where?); on Latin America software development factories. Design / methodology / approach. A mixed exploratory approach study was chosen. Through the bibliographic review and the discussion with a 12 experts panel, an instrument was built and approved with 54 innovation indicators on a 5-point Likert scale; the construct and reliability were validated through a survey applied to 35 participants. The results obtained for each instrument dimension were evaluated by the Exploratory Factor Analysis (EFA) and Cronbach`s alpha. Results. The research formulates an instrument whose content and construct were validated for the final structure composed of 51 innovation indicators, included in 12 factors or pathways.
