Editor’s Note:This post is 1 of 2. The 2nd post will provide our Singularity University transcription from our interview with Salim Ismail, Vivek Wadhwa and Andrew Hessel.
While Chile is often seen as the country at the end of the Earth, ironically, it is not where South America ends. If one were to travel here, they would see that it is actually where it truly begins.
This storied and enchanted land is filled with tremendous economic development opportunities, natural resources, spirited, unified and determined citizens, and a rising middle class that provides a growing and dynamic market to create, launch and test new ideas.
With a 106% mobile penetration and top ranking among countries worldwide in terms of social network adoption per capita makes Chile an extremely attractive market for development in the mobile and technology space. And it also lends the possibility to scale throughout other markets in Latin America and/or Asia.
The Latin American market is very “vibrant”, as there is a growing number of people who have a smartphone for the first time and even people who are having their first experience with a mobile device. Latin America is also a source of innovation of products and applications at lower cost. - Stephen Elop, Nokia CEO
Editor’s Note: This story is republished from Shonika Proctor’s December 2011 monthly print column in I Love Chile English language newspaper where the article first appeared.
‘What if’ are two of the most powerful words found in the innovation and entrepreneurship space. They are the words that lead us to dream a bigger dream, play with possibilities and create solutions from the edge of our potential. Jesuit Priest Felipe Berríos SJ’s ‘What If’ question was:
‘What if we could eradicate extreme poverty for those living at the base of the economic pyramid in Chile?’
Before I finish the story of what happened next, it goes without saying that if I were to ask that question to 100 different people from different backgrounds, with or without varying levels of education, careers, socio-economic statuses and so forth, I could very well receive 100 different answers. And if I then grouped those 100 people together coupled with a social network and funding source to implement those ideas this would be Techolab and thus the power and potential of open and social innovation. Continue reading