Technology parks have been a part of Colombia’s efforts to attract high-level foreign investments for some time. The concept was first studied in 1996 with support from the Spanish government. In 2000 the government published a set of guidelines to encourage regional administrations and private investors to propose projects. This was followed by Law...
With the fourth-largest IT market in Latin America and a growing fibre-optic network, Colombia continues to add technological prowess to its economic capabilities. Strong political backing for the IT industry has emerged as the sector’s “multiplier effect” and is having a dramatic impact across the economy, with IT revenue in 2012 reaching $5.8bn,...
The past decade has seen mobile penetration rates increase dramatically as the adoption of technology continues to gather momentum. In 2012 the telecoms sector reached a milestone as the mobile penetration rate surpassed 100%, and 2013 saw another landmark event with its first major auction for 4G spectrum. However, the sector still faces several...
Over the past few years, innovation has become a popular term in the formulation of Colombia’s social and economic policies. Indeed, President Juan Manuel Santos’s administration identified the science, technology and innovation (STI) sector as one of five engines of economic growth and as an important instrument to reduce poverty and generate...
Mobile internet services have undergone significant improvement as the government recently awarded five 4G licences, including advanced wireless services (AWS), 2500-MHz and 1900-MHz bands. The event took place on June 26, 2013 and the government raised a total of COP770.5bn ($462.3m). Despite not attracting as many operators as originally intended...
Innovation has taken centre stage in the growth plans of Medell n, Colombia’s second-largest city. In an attempt to diversify its traditionally strong industrial base, the city has embraced science, technology and innovation (STI) as a primary driver of development in strategic growth areas, such as energy, construction, health care, and information...
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