Duque begins construction of Bogotá's Science, Technology and Innovation District

On Tuesday, March 15, the President of Colombia, Ivan Duque, announced the creation of the National Association of Governments for the construction of the Bogotá region for science, technology and innovation, which expects the country's public and private sectors will contribute a total of $300 billion.

This was stated by the President at an event held jointly with the Chamber of Commerce of Bogota, the branch of Corberias, the Bogotá City Hall and representatives of the government of Cundinamarca. Responsible for the development of this project. The Ministry of Industry and Tourism is responsible for supporting integration.

“This initiative will promote the integration of Bogota as the capital of entrepreneurship and innovation in Latin America, providing entrepreneurs and entrepreneurs with the opportunity to gain access to venture capital and services that will improve their business and create jobs.” Bogota Said.Luveida

The initiative, which is expected to build 400 square meters, which will create a joint business model accessible to entrepreneurs and entrepreneurs, aims to promote entrepreneurial and innovative ecosystems in the capital and the positioning of cities and regions as research centers in the international arena by 2026.

At the same time, investments in the amount of $11,000 are planned. The total amount of $1,000, including $11,000. US$2,865.7 million for a pre-feasibility study donated by the Chamber of Commerce and Industry and the District. The first phase of the construction of the headquarters and office buildings is estimated at the same time.

The Bogotá Chamber of Commerce announced that it will donate 51% of the funds and the remaining 49% will be channeled by related agencies in the public sector, such as the Ministry of Commerce and Tourism, the Government Cundinamarca and the metropolitan area.

“There are two types of business models in the science, technology and innovation district of Bogotá: the real estate business, which generates income from the rental of space, and the business related to scientific, technological and innovation. The national government has stated that it will generate revenue from the provision of services.

Over the next 10 years, Colombia will attract 30 billion pesos to promote science, technology and innovation in the United States. Of this money, $200 billion will be delivered to this sector through Conpes, and the remaining $100 million will be delivered through the state loyalty system.

“Where were the resources in this sector? What investments are being made in the public sector? It can be said that the Conpes 469, which we prepared last December, speaks of an investment of about $200 billion in this sector without taking into account royalties over the next 10 years. This is another historic milestone in science, technology and innovation in our country, said President Ivan Duque.

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