Increasingly, the ability to select the kinds of innovation projects to pursue and incorporate their power quickly, is becoming not just a way to create a competitive advantage but maybe the only sustainable competitive advantage.
From being known as exporters of coffee and bananas, we evolved towards the manufacturing of microchips in the 1990s and then towards the export of services and advanced technology. The country thrives globally and regionally for indicators of business sophistication, creative production of goods and services, and the quality of its human resources: driven, bold and creative.
1st in Innovation Output in Latin America, WIPO 2021
3rd most innovative economy in Latin America, (Global Innovation Index 2020)
1st in Cultural and Creative services exports in LATAM (as % of total trade) (WIPO, 2021)
carrying out R&D processes in Costa Rica
State-of-the-art Port in the Caribbean: $1 billion Investment by APM Terminals
Sustained growth of productivity, within the Free Trade Zone Regime, in the last 10 years
34% of MNCs within the services sector have an innovation laboratory (KPMG Corporate Services Survey Costa Rica, 2020)
Costa Rica ranks 3rd in Latin America in the International Property Rights Index (IPRI) (Property Rights Alliance, 2021).
77% of MNCs services companies in Costa Rica affirmed that continuous improvement of business processes was a critical success factor for value generation (KPMG Corporate Services Survey Costa Rica, 2020)
For the next 3 years, 14% of MNCs in services sector mention innovation as one of the top 3 activities they plan to focus on increasing the most, behind RPA and IT (KPMG Corporate Services Survey Costa Rica, 2020)
Implanting the mindset for the next gen of aesthetics
Costa Rican startup Establishment Labs was the first Costa Rican company to trade its shares on Nasdaq. Its focus is the export of medical devices, mainly breast implants that incorporate a electronic chip inside for traceability and quality assurance.
Keeping digital experiences closer to users than anyone
Akamai Costa Rica aims to foster technological innovation in the company and in the community. That’s why it is home to the company’s 1st Innovation Lab globally with is called Danny’s Lab. Complementing the on-site space is a new mobile classroom that brings a teaching environment to remote communities so they can dream, create and learn through technology.
Calling upon the craftsmanship goddess
By the name of “Minnerva”, HP Inc. inaugurated its innovation center in Costa Rica. This site was created to develop creative ideas and promote innovation processes oriented to solve internal needs of the company, as well as, in a second phase, support the academy’s innovation processes for products and services.
Innovation hub for a consulting giant
For the global consulting giant, McKinsey’s Costa Rican operation is seen for many as an innovation hub, where new ideas and experiments come to life. Driven by the country’s talent and willingness to go above and beyond, the company is creating change that matters.
Delivering hope through biotech
Speratum, as a biotech company, is dedicated to R&D of targeted molecular therapies for the treatment of pancreatic cancer as well as COVID-19 solutions. By using miRNAs proprietary technology, as opposed to traditional cancer therapies, it targets hundreds of different factors involved in cancer all at once.
Learning has been a cornerstone of our society since 1870 when education became free and mandatory. We will continue to invest where it matters the most: our people.
We embrace challenges, learn rapidly and welcome opportunities. A nation governed in peace with a solid long-standing democracy that stands behind health, education and the pursuit of self-development.EXPLORE MORE +40 active talent developing programs with universities and technical institutions based on companies' needs
We are investing in our future by continuing to develop innovative, market expanding products, and enhancing our digital platforms to broaden the reach of the Motiva brand and forge stronger and more cost-effective connections with our plastic surgeon customers and their patients.
Roche invests for the future and for the long term. We have been developing leading medicines and diagnostics for over 120 years and this is just the beginning. Roche is focused on creating solutions for areas of high unmet medical need. We develop personalized healthcare solutions for the most severe diseases and we need the best talent to make this happen. We could not imagine a better location than Costa Rica to do so.
Costa Rica is one of the most mature centers we have. When we see a new opportunity, we bring them in to our inhouse innovation lab, made up of 15 tech leaders, evaluate and sort proposals in order to proceed to incubation and scale. The projects that are successfully implemented here are then replicated in other offices to accelerate the digital transformation of the company. Accenture has incorporated new technologies like advanced video production, three-dimensional or 3D modeling techniques, augmented reality and virtual reality prototypes.
Speratum, which means hope in Latin, is the name of my life project and our goal is to design a novel therapy against pancreatic cancer, one of the most aggressive known and with the highest incidence of deaths. It's an honor to be the first "tico" ever awarded with the Innovadores de America Award 2018, among 122 applications from countries across the continent.
We have a strong manufacturing operation, a Research and Development Center and employees who collaborate to develop new products, ensure the quality of designs and regulatory matters.
The evolution of technology and digital transformation have increased the need for companies to generate innovation. Technology areas increasingly require greater agility, flexibility and security in their applications. With this new service, now provided from Costa Rica, we are consolidating our commitment to the country and help companies create a more agile and competitive IT environment.