On Tuesday, March 15, Colombian President Iván Duque announced the National Association of Governments for the establishment of the Bogotá Science, Technology and Innovation District, which hopes to contribute a total of $300 billion to the public and private sector of the country.
This was announced by the President at an event jointly organized by the Bogotá Chamber of Commerce, Assistant Corferias, the Mayor's Office of Bogotá and the Government of Cundinamarca. It will be responsible for the development of this project.The Ministry of Industry and Tourism will be responsible for supporting its integration.
“This initiative will contribute to the integration of Bogotá as the capital of entrepreneurship and innovation in Latin America, giving entrepreneurs and entrepreneurs the opportunity to access investment capital and services that will promote business and job creation.” Bogotá, Nicolas Uribe Rueda
This initiative, which predicts the creation of 400 square meters, which will establish a collaborative work model available to entrepreneurs and entrepreneurs, aims to strengthen the entrepreneurial spirit of the capital and the innovation ecosystem, and position the city and region as the center of research that has developed in the international arena by 2026.
At the same time, an investment of $11,000 is planned, which included $11,000 for a pre-feasibility study donated by the Chamber of Commerce and Industry, and $2865.7 million for the acquisition of real estate, the construction of the headquarters building, and the first phase of the office building.
The Bogotá Chamber of Commerce announced that it will donate 51% of the funds, and the remaining 49% will be directed by affiliated organizations in the public sector, such as the Ministry of Commerce and Tourism, the Government of Cundinamarca and the Capital District.
“In Bogotá's Science, Technology and Innovation District, there are two types of business models: the real estate business, which generates income from the rental of space, and the business related to scientific, technological and innovative activities.The national government stated that it will generate revenue from the provision of services.
Over the next 10 years, Colombia will raise 30 billion pesos of funds to promote science, technology and innovation in the United States. Of this money, it turns out that 200 billion dollars will be distributed through ConApps in the region, and the remaining $100 million will be distributed through the general loyalty system.
“Where were the resources in this area? What are the investments that occur in the public sector? Conpes 469, which we prepared in December last year, is talking about investing about 200 million dollars in this sector without counting royalties for the next 10 years, which is another historical milestone in science, technology and innovation in our country.” President Iván Duke said.
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