No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveMaking Costa Rica the Next Silicon Valley

Making Costa Rica the Next Silicon Valley

Costa Rica’s Central Valley is already home to some of the world’s leading companies in computer and biomedical technology. Its dominant export is Intel’s microchip and boasts an array of other multinational companies such as Cisco Systems.

As part of a forum meant to push the country further ahead in research and development, Stanford University’s Ximena Ares made a presentation last week at the University of Costa Rica on technology transfer – or the process of getting ideas off paper and into practice.

Ares works in a specialized area at Stanford, acting as the liaison between university researchers and industry. She said Costa Rica has a lot to gain from streamlining technology transfer, in that it can help develop skilled workers for the country’s industries and boost Costa Rica toward its often-stated goal of being the first developed country of Latin America.

She said the greatest handicap to innovation in Latin American countries is an excess of bureaucracy. “If Latin American countries are really going to do this, it is key that they get rid of bureaucracy because bureaucracy kills the process. Inventors need to be quick in publishing. Companies can’t wait for the time it takes multiple government agencies to OK something.”

She also said policies should be developed to clarify whether the fruits of research done in universities belong to the researcher, the university or the company providing the funding.

Despite its small size, Ares said Costa Rica has the potential to grow as a center for research and development.

“I would concentrate on the core expertise of a country,” she said. “It you find that your country is very good in agriculture or bio-resistant genes, focus on that and there is huge potential.”

From her experience, she has found that companies need to be “spoon fed” opportunities by universities. “You really need to have a person that can go out and reach out to industries. They are very busy, but the fact is, in order to maintain excellence, these companies need to look for ideas elsewhere. They are not going to have all the good ideas in house.”

The conversation on innovation will continue ‘Congreso CRinnova’ scheduled for Nov. 1, 3, 4 and 5 at the Franklin Chang building in the western San José district of Rohrmoser. For more information, visit www.crinnova.net.

Trending Now

FECOP Study Reveals Shifting Trends in Costa Rica’s Sport Fishing Resources

Sailfish and companion-species fishing tourism represents a major source of income for Costa Rica, particularly for communities along the Pacific and Caribbean coasts. Despite...

Costa Rica’s Festival of Light Brings Drone Shows and Northern Lights Theme

The Festival de la Luz returns to light up the capital this Saturday, December 13, marking nearly 30 years as a key Christmas tradition...

Costa Rica Faces Windy Weather from Cold Front No. 6

Costa Ricans faced brisk winds and intermittent showers when getting to work this morning, as Cold Front No. 6 positioned itself over the central...

Costa Rica Launches Wellness Route to Boost Tourism and Health Experiences

Costa Rica has launched a new initiative to boost its standing in the global wellness tourism sector. The "Wellness Route – The Essence of...

Mexico’s Renata Zarazua Carries Regional Hopes into Australian Open 2026

As the tennis world gears up for the 2026 Australian Open, set to kick off on January 18, Latin America stands ready to make...

Honduras Arrest Warrant Targets Ex-President After Trump Pardon

Honduran authorities moved forward with an international arrest warrant against former President Juan Orlando Hernández on Monday, days after U.S. President Donald Trump granted...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica