Country: Colombia

A number of new “Silicon Valleys” have been declared around Latin America that point to a bright future for innovation in the region.

One glimmer of hope among the unimaginable horror of a global pandemic that had already claimed almost 1.9 million lives worldwide can be seen in how some Latin American entrepreneurs have responded to the crisis, adapting to a “new normal” of increased digitization -- and in many cases facilitating that shift.

Many Latin American startups lost funding opportunities and are not sufficiently supported by government initiatives in the midst of COVID-19. Despite this, the start-up community remains resilient and innovative with fully virtual accelerator events carried out in different countries across the region.