On December 9th, the Financial Times announced the winning agencies of the fDi Strategy Awards 2019, an online database that tracks investment in all sectors and countries. After analyzing 56 Investment Promotion Agencies – IPA- in 38 categories, the work of the Agency for Cooperation and Investment of Medellín and the Metropolitan Area – ACI Medellín was exalted in the category of Specialties in the 4.0 and creative industries
“Creative industries are one of the priority sectors in Medellin’s new economic development policy, representing 1.5% of Antioquia’s GDP in 2017. Medellin’s creative sector consists of more than 1,690 companies and most of them are micro and small companies involved in activities related to music, television, design, photography, jewelry, theater, cinema, radio, and plastic arts. In addition, Medellín is the only city in Colombia with a film commission, and offers 15% additional incentives to those offered by the national government.”
“In recent years, Antioquia’s industry 4.0 sector has increased by 50%, making it the second region with new software registrations in the country and home to 14% of all IT companies in Colombia.”
“The fact that Financial Times highlights the efforts made by the city to position itself as a development pole in creative industries and 4.0 fills ACI Medellín with pride because it demonstrates that by articulating the business ecosystem and institutionality, we can generate trust amongst investors and consequently development for the territory,”said Catalina Restrepo Carvajal, executive director of the ACI Medellín.