Research & Innovation

Colombia Research & Innovation

The 2015 Global Innovation Index ranked Colombia 67th out of 141 countries for its innovation potential, below Chile (42nd), Costa Rica (51st) and Mexico (57th), but ahead of Brazil (70th) and Peru (71st). In a bid to strengthen its competitiveness in international markets, the Colombian government plans to double expenditure on science, technology and innovation (STI) from 0.5% of GDP in 2015 to 1% of GDP by 2018. As a regional comparison, Brazil spends 1.74% of GDP on STI activities, while Mexico spends 0.73%, according to the Ibero-American and Inter-American Network for Science and Technology Indicators. Even lower is the country’s annual expenditure on research and development activities, which reached 0.19% of GDP in 2014, according to the Colombian Observatory for Science and Technology. Authorities are now implementing legal measures to encourage expenditure on research and innovation activities in the private sector, including improving access to financing for research for small and medium-sized enterprises.

This chapter includes an interview with Daniel Quintero Calle, Executive Director, Innpulsa.

Articles from this chapter

Cover of The Report: Colombia 2016

The Report

This chapter is from the Colombia 2016 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Daniel Quintero Calle, CEO, Innpulsa 
Daniel Quintero Calle, CEO, Innpulsa: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart