15 de Marzo 2013

Bogota seeking investors in agroindustry and biotechnology

Ciencias de la Vida

  • In Madrid, Barcelona, ​​Navarra and Pamplona, ​​the investment opportunities offered by the Capital Region in the agricultural, food and biotechnology sectors were promoted. Spain is the target market for the attraction of investment in these sectors due to the traditional and consolidated industry it houses and the strength of the application of technology and innovation. Bogota Region has high availability of land in different thermal floors, with abundant water resources and at competitive prices. The Capital Region has more than 34 research groups that work on the main assets of native species (Andean and Amazonian), in the characterization of traditional and native species and in the sustainable development of them.

The  investment promotion team at Invest in Bogota visited Barcelona, Madrid, Navarra and Pamplona -Spain- this week, promoting and presenting investment opportunities in Bogota, for agriculture, foodstuffs and biotechnology sectors. 

David Melo, City Marketing Manager at the agency for the promotion of Bogota, explained:  "We have identified Spain as a target market to attract investments in sectors related to agroindustry and biotechnology, on account of the traditional and consolidated industry it hosts, and of the strength that technology and innovation carry on such industry."







Why is the Bogota Region ideally located for agroindustry and biotechnology

The Bogota Region offers a high availability of land on different climates, with abundant water resources, and at very competitive prices; it has a growing, dynamic and experienced agroindustry.

The Region consolidates the leading companies in the agroindustry sector, including several multinationals and local stakeholders of international renown:  Bogota and Cundinamarca are platforms that give companies access to a market worth over US$36 billion and is, therefore, seen by many international companies as their distribution hub for the Andean Region and Central America. 

Bogota and Cundinamarca provide access to research centers and skilled labor. The region hosts 33% of the institutions currently conducting research on natural ingredients. It has over 34 research groups working on the assets of main native species (Andean and from the Amazons), on the characterization of traditional and native species and their sustainable development.

Bogota and Cundinamarca are home to an economically active population of more than 4 million, and are the largest supplier of human talent in the country (96,000 people graduate from higher learning institutions every year; approximately 30,000 of them are graduate students). 

Colombia is the most bio-diverse country in the world by square feet, and the second largest in terms of number of plants.  It accounts for 10% to 14% of all biodiversity in the planet, not counting microbial or marine biodiversity. The agroindustry sector has been declared by both the national and local governments as one of the key strategic pillars for development, and the country offers fiscal incentives to investment.   


What investors are saying

Alfonso Sánchez, Financial, Administrative and Human Resources Director, LUCTA (A foodstuff ingredient manufacturer)
"The greatest advantages from being in the greater Bogota region lie in its human resource, highly qualified, competitive, reliable and honest; and in its broad offering in hotels, convention centers, restaurants, bars, etc. Although some growth in infrastructure is still necessary in order for the city, the region and the country and the rest of the world to be better connected, Bogota has the most important asset: its people".