Business Daily Paraguay: South America's Silicon Valley?
Jun 3, 2025
Paraguay aims to transform into a tech and innovation hub, leveraging its renewable energy from the Itaipu Dam. Government ministers and business leaders discuss plans for a digital park and a new University of Technology to foster a skilled workforce. Insights from tech pioneers reveal the country’s potential as a software development center, emphasizing collaboration among various sectors. There's also a focus on sustainable energy for AI and the need for strategic partnerships to enhance regional competitiveness and support young entrepreneurs.
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Paraguay's Innovation Plan
- Paraguay leverages its renewable energy, low taxes, and young, energetic population to become an innovation hub.
- The government plans a digital park integrating students, public, and private sectors near the airport.
Tech Pioneer Shares Journey
- Viviane Bernades-Cybels co-founded Cybersense after returning from Silicon Valley to grow tech entrepreneurship in Paraguay.
- They invested in about 10 local startups and promote international collaboration to accelerate growth.
Renewable Energy Advantage
- Paraguay's abundant hydroelectric power provides steady, affordable, and green energy ideal for power-hungry tech industries.
- This gives Paraguay an advantage over intermittent sources like wind and solar for data centers and AI.