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Uruguay’s Technology Sector Leads the Way For Business Investment in Latin America
Uruguay, a country with only three million people, exports six times more software than regional giant Brazil and three times more than Chile or Argentina.
Uruguay is one of the most economically developed countries in Latin America and is well-known for its export-oriented agricultural sector. But in recent years Uruguay has shifted its attention to developing the commercial use of technologies. Uruguay has a modern telecommunications infrastructure and a world class centre in software and computer services. Harvard Professor Robert Kennedy expressed that the software industry in Uruguay "is more advanced than in the rest of Latin America. The country is at the beginning of an extensive process, but at this stage seems to be more advanced, and in terms of telecommunications, education and some of the local executives, they are on top compared to the rest of the continent ".
Back in the 1960’s, Uruguay started programs to prepare people for computer engineering careers when that kind of training did not yet exist except in the United States, France, Britain and Japan. Uruguayans are people with a high level of culture and education to start with and coupled with the fact that the government is pursuing an aggressive agenda to digitize and wire the country, many entrepreneurial opportunities are available.
As prepared and eager as the young Uruguayan work force is, aside from funds, there is one crucial aspect that young entrepreneurs lack: experience. While many entrepreneurs may look for government assistance or venture capital firms for financial backing, once that is attained these untested entrepreneurs are essentially on their own. However, with angel investors, not only are monetary funds provided but also insight on how the market works and weathering the kinds of down times that has recently hit the globe.
Entrepreneurship is vital to the success of the economy in any country as the search for innovative ideas never stops. The Angel Investment Network provides an online forum for entrepreneurs to pitch their ideas and makes rewarding partnerships possible.
For more information on the Uruguayan branch of the Angel Investment Network, visit http://www.angelesinversionistas.com.uy
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The Angel Investment Network currently includes a wide range of International investors looking for investment opportunities, along with entrepreneurs in Latin America looking to get their business off the ground.