ENABLING CAPABILITY

Innovation

The ability to embrace the unknown

Minimizing risk
and gaining a true competitive advantage

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 Efficiency

1st in Innovation Efficiency in Latin America, WIPO 2019

3rd
most innovative economy

3rd most innovative economy in Latin America, (Global Innovation Index 2020)

#1
in Cultural, Creative & ICT services exports

1st in Cultural, Creative & ICT services exports in LATAM as % of total trade ,WIPO 2019

+15%
of Medtech companies in Costa Rica doing R&D

Over 15% of Medtech companies in Costa Rica are doing R&D in collaboration with or for corporate offices worldwide.

$1B
investment

State-of-the-art Port in the Caribbean: $1 billion Investment by APM Terminals

10
years of growth

Sustained growth of productivity, within the Free Trade Zone Regime, in the last 10 years

34%
have an innovation laboratory

34% of MNCs within the services sector have an innovation laboratory (KPMG Corporate Services Survey Costa Rica, 2020)

2nd
in International Property Rights Index

Costa Rica ranks 2nd in Latin America in the International Property Rights Index (IPRI) (Property Rights Alliance, 2019.

77%

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)

14%

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)

Innovation conections

Innovation Pioneers

future Thinking

Committed to innovation to drive business success

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

Shared experiences from our companies

Want to become our next success story?

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