Summary
Paraguay is working to become a major technology hub in South America. Gabriela Cibils, who worked in Silicon Valley, is leading efforts to attract tech companies to the country. Paraguay's cheap and green electricity from hydroelectric power is a major draw for tech firms.
Key Facts
- Gabriela Cibils aims to develop a tech industry in Paraguay, inspired by her experiences in Silicon Valley.
- Paraguay is located between Brazil and Argentina and is not traditionally focused on technology.
- The Itaipu Dam, located on the Paraná River, provides 90% of Paraguay's electricity using hydroelectric power.
- Paraguay offers the cheapest electricity in South America and is the largest exporter of clean energy globally.
- The government, led by President Santiago Peña, is trying to attract tech firms by highlighting the country's renewable energy, young population, low taxes, and economic stability.
- A planned digital park near Asunción is under development, with the government investing $20 million in the first phase, expecting private investments to follow.
- Minister of Technology and Communication, Gustavo Villate, is actively involved in these efforts to enhance Paraguay’s tech sector.
