in ,

Latin America’s Largest Technology District Planned in Medellin

Construction is underway on a technological and scientific district that will occupy 114 hectares (280 acres) in the heart the northwestern Colombian metropolis, Medellin, part of efforts to consolidate its status as Latin America’s most innovative city.

medelin_colombia_tourismThe “Science, Technology and Innovation District” will be built in an area covering three neighborhoods on Medellin’s north side – home to 60,000 people – in a bid to coax large multinationals into setting up regional headquarters there.

Juan Pablo Ortega, managing director of the Ruta N corporation, which is developing the technology district, told Colombia.inn in an interview that the project marked a commitment to urban space and entrepreneurial talent and was aimed at “consolidating Medellin as the innovation capital of Latin America in 2021.”

In 2012, the City of Eternal Spring was chosen by the Urban Land Institute, the Wall Street Journal Magazine and Citigroup as the world’s most innovative urban area.

That area of Medellin was chosen because of the outstanding facilities available in terms of science, technology and innovation, including those offered by the University of Antioquia, the city’s largest with 38,000 students.

The city’s north side also is “a sector with the possibility for productive spaces, both entrepreneurial and social,” Ortega said, adding that it “has a network of medical centers that together have the largest number of hospital beds per square meter in Colombia,” as well as public-transport facilities.

For all of these reasons, Ruta N’s goal “is for multinationals to become aware of the advantages offered by Medellin and, without delay or trepidation, make the decision to come, establish a foothold and conduct business for the benefit of this capital and Colombia in general,” Ortega said.

Some companies have already taken the plunge, including U.S. information technology giant Hewlett-Packard and Swiss building materials titan Holcim, which have set up a Global Services Center and a regional Transactional Services Center, respectively, in the Ruta N building, which covers a 32,000-sq.-meter (344,000-sq.-foot) area.

In addition, “thanks to a strategy that favors foreign companies seeking to start operations in the city, we have attracted 14 other multinational companies that together have created 180 jobs,” Ortega said, noting that 30 others could make the move shortly.

Hence “the urgency of getting the district up and running to make way for firms in the health, energy and ICT sectors,” he said.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.

Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!