The capital of Antioquia will become a regional platform for the development of public policies and regulations for the implementation of technologies of the Fourth Industrial Revolution. This Center for the Fourth Industrial Revolution will put Colombia at the forefront of regulatory matters. Also, it will enable the creation of quality jobs, seize international knowledge networks, and the development of new businesses.

The joint contributions between the Presidency of Colombia and the Municipality of Medellin and the allocation of more than 3 million dollars allowed the opening of this Center.  

The World Economic Forum opens Latin America’s first Center for the Fourth Industrial Revolution in Medellín and the fifth in the world. This will position the city as an international benchmark in the progress towards a new model of business, economic and cultural development. Medellín was chosen for its innovative culture in science, technology and entrepreneurship, and its social and economic transformation. This initiative is achieved thanks to a partnership between the National Government and the Medellín Mayor’s Office.

The Center will begin operating in the Ruta N facilities and will focus on developing public policy frameworks to accompany Colombia and the countries of the region in the implementation of the Fourth Industrial Revolution.

“Colombia feels extremely proud about hosting one of the three centers for the Fourth Industrial Revolution which will be inaugurated in 2019,” said President Ivan Duque, after stating that our country became the first in Latin America and the first Spanish-speaking one, hosting a Center for the Fourth Industrial Revolution. He said, “This Center will have a great global and regional impact.”

He added that, indeed, Medellín will become the regional epicenter of the development of important topics such as Artificial Intelligence, the Internet of Things and the blockchain technology for encrypted security.

Likewise, he indicated that this Center will allow “developers, public agencies and the private sector to present projects which can be scaled worldwide.”

The Center Affiliated with the World Economic Forum for the Fourth Industrial Revolution Colombia will begin to work specifically on projects aimed at improving public-private capacities, defining the necessary regulatory frameworks to address issues like corruption, and generating opportunities for people through the implementation of technologies such as Blockchain, Internet of Things and Artificial Intelligence.

“Having the allied Center for the Fourth Industrial Revolution in Colombia and for Latin America in Medellín is a very important recognition. This is a city that has been increasing its investment in science, technology and innovation to transform its economic vocation, and supporting its institutional strength. For the new technologies can generate economic and social development, our purpose is for this Center to focus on a revolution not only on technology, but on talent,” said the mayor of Medellín, Federico Gutiérrez Zuluaga.

Although this Center will not be focused on the development of technologies of the Fourth Industrial Revolution, nor on technological research, it will do so in structuring regulatory frameworks supported by other the centers which can carry out this type of activities.

“Colombia is taking a step forward as a leader in the Fourth Industrial Revolution with this new Centre in Medellin. They are the first to open a Centre like this in Latin America. Emerging technologies can benefit all of society, but they must be shaped. We are looking forward to working with Centre for the Fourth Industrial Revolution Colombia to accelerate and scale what we have learned across our global network of Centres” said Murat Sonmez, Member of the Managing Board and Head of the Centre for the Fourth Industrial Revolution Network.

The global network of Centers for the Fourth Industrial Revolution brings together governments, leading companies, civil society and experts from around the world to jointly design and test innovative approaches applied to policies and governance of technological development. The network will develop, implement and replicate pilot projects focused on the human being that can be adopted by policymakers, legislators and regulatory bodies around the world.

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