Gabriela Cibils is working to transform Paraguay into a significant technology hub in South America, aspiring to create a “Silicon Valley” in the country. Growing up in Paraguay, which she describes as not particularly tech-focused, Cibils was inspired by her parents’ work in the technology sector to pursue degrees in computing and neuroscience at the University of California, Berkeley. After eight years in Silicon Valley with various startups, she returned to Paraguay to lead initiatives aimed at establishing a robust tech industry.
Cibils is currently a partner at Cibersons, a global technology and investment firm based in Asunción. Paraguay holds advantages such as abundant, low-cost, green electricity generated entirely from hydroelectric power, primarily supplied by the Itaipu Dam, which provides 90% of the country’s electricity and a portion for Brazil. Paraguay’s electricity prices are among the lowest in South America, positioning the country as an appealing destination for global tech firms seeking energy solutions for data-intensive operations.
The government is optimistic that this energy surplus will attract investments from major tech companies. Recent discussions between President Santiago Peña and industry leaders, including Google and OpenAI, raise questions about the commitment of these giants to establish significant operations in the country. The Paraguay government emphasizes the potential of its young workforce, with an average population age of 27, alongside initiatives to enhance technical training through projects like a new digital park and a university focused on technology.
However, challenges remain, particularly relating to regulatory issues and bureaucracy that may hinder foreign investment. Local leaders acknowledge the need for increased training in technology professions, particularly for women, and efforts are underway to address these gaps while attracting investment to stimulate economic growth.
Source: https://www.bbc.com/news/articles/c4g92xq8wdlo?at_medium=RSS&at_campaign=rss