Guatemala's Silicon Valley

In Guatemala City, Campus Tec, a single tech firm building, shows early signs of promise for the city's "Silicon Valley dream."

1 minute read

November 19, 2011, 5:00 AM PST

By Judy Chang

"Many of the companies inside, under exposed air ducts meant to signify Important Creative Work, were founded by Guatemalans with foreign experience. The motion graphics start-up on the seventh floor, BigoMo, consisted of two people: one, Pedro Méndez, 28, had worked in Spain; the other, Kristoffer Hormander, 25, recently returned from three years at Full Sail University outside Orlando, Fla.

Both said that they came back to Guatemala because they felt there were more opportunities for creativity, and less competition for business. One recent independent report, from The Global Entrepreneurship Monitor, found that the average cost to start a business in Guatemala is only $7,569, compared with $17,513 in Brazil and $39,670 in Costa Rica."

FULL STORY: A Silicon Valley Dream Grows in Guatemala, Despite the Risks

Wednesday, November 16, 2011 in The New York Times

Community / Economic Development Social / Demographics Technology Urban Development Central and South America Guatemala Guatemala City View More

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