17 de November de 2014 - 2:28 pm Tiempo de lectura: 2 minutos | No. de palabras: 494 | 846 visitas
The CEO of Yachay Public Company, Hector Rodriguez, explained to business owners the importance and profitability of investing in research and development in the country.
In the Ekos Business Summit to an audience comprising of representatives of various productive sectors, Yachay Public Company presented to the conference on “Changing the Productive Matrix: the role of business actors, academics and the state.” He described Yachay the City of Knowledge as an urban living area to develop research and technological applications, which are necessary to achieve “good living” in an ecosystem that generates and enhances technology-based ventures. “In general, Yachay involves the combination of an environment that provides infrastructure, human talent, entrepreneurial skills and an ecosystem of innovation,” he said. He emphasized that for two consecutive years, Ecuador was the country climbed positions, the position 101 to 71 in the Global Competitiveness Index, prepared by the World Economic Forum. This is an important fact for the conditions of multiple factors such as materials (roads, fiber optic, etc.) to develop Ecuadorian companies. However, he noted that the key factor of competitiveness in a post-industrial economy is the quality of the educational system through a “Social Contract”. “The most important thing for a different economy is to have better Human Talent, because it generates more competitiveness,” he said.
On the subject of investing he pointed out that the figures are important in terms of the change of economic policy: public investment of 2% of Gross Domestic Product (GDP) for higher education and building Yachay, alongside the success in attracting private capital. He affirmed that the state must provide the necessary platform for the qualitative leap, to produce more with less or the same inputs but with the technology as a key factor in productivity. In this context, Hector Rodriguez commented on the spending on research and development by the private sector, which reaches only 1%. “If the business sector is not investing in their own abilities to research, develop and renew their products and innovate their processes, they can hardly make a qualitative improvement in order to grow to a knowledge-based economy,” he said. “For every dollar invested in Latin America in research and development, the expected return is 2.5 times what is spent, i.e. 250% return on invested dollar,” he said. The CEO of Yachay Public Company reminded attendees that Yachay implements the first area the city: the knowledge sector, which was inaugurated last October 28, the second academic year of Yachay Tech (Yachay University of Technology and Experimental Research) has focused research with research and development centers, public research institutes, incubators and accelerators, anchor companies, technology companies and strategic partners.
“The most attractive point of this state enterprise is not only the fiscal or custom-duties benefits, but the qualitative improvement that we can reach. We have to take risks [and move forward] or otherwise make do with the ordinary and take a step back because the rest of the world has overtaken us,” he said. (JMP-VE / YACHAY EP)