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Regulatory roadblocks are holding back Colombia’s tech and transportation industries

Daniel Rodriguez

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Daniel Rodriguez is CEO and co-founder of Picap, which has raised more than$ 7 million of venture capital for its mobility platform, which operates across eight Countries of latin america.

“You know we don’t drive down that superhighway, ” my father said.

I had asked him why we never made the shortest itinerary to the beach. Really eight years old, I was mesmerized by maps and was questioning my father’s choice. Times later I would learn the roadway I intimated was involved with forearmed groups of all stripes whose interests didn’t align with mine or that of other Colombian families.

You may be familiar with the conflicts that plagued Colombia for decades, but you might not be aware of the progress institutions, advocacy groups and its government have made with regard to building a future where citizens have options and mobility that’s not constrained by armed conflict.

In fact, Colombia has at times improved its “ease of doing business” ranking as measured by the World Bank. The country, its institutions and its leaders have a longer way to go when it comes to ensuring that opportunity contacts all corners of the country, especially at a time that COVID-1 9 exacerbates the bias that persist. But one thing is for sure, the path to prosperity would look a lot better if Colombia further cuddled innovation.

I have dedicated the last decade to Colombia’s path to prosperity. I have done so by studying at Colombia’s most prestigious Universidad de Los Andes, developing more than $ 10 million in venture capital and house two companies that generate direct and indirect earnings for more than 70,000 Colombians. I have instantly retained hundreds of computer engineers by demonstrating young Colombians that it’s possible to earn a good living without immigrating for professional openings. Heck, I’ve even reassured a few past settlers to return to Colombia and work for me at Picap.

My contribution to Colombia’s prosperity and the contribution of thousands of talented architects that improve engineering in Colombia is at risk. It’s at risk because the Colombian authorities and the legislative branch have been slow to update transportation and technology regulation designed for an era when regulation could last decades because the pace of societal invention was measured in, well, decades.

In Colombia, we need to update regulations governing technology and transportation. The ever present threats that Colombian authorities and regulators have imposed on Uber and Picap are not only futile attempts to situated the technology genie back into the bottle, but too delay the crucial dialogues that they are able to construct long-term partnership for mutual success.

It’s urgent that Colombia and countries around the globe construct regulatory frames that simultaneously advance the public good and technology innovation. We, in fact, have evidence of the kinds of benefits that can expand when brand-new mobility frameworks and technological sciences are adopted. Take GoJek or Grab which started, like Picap, as two-wheel ride-hailing scaffolds. Each is now worth billions and promotes commerce, financial services and more, all for the potential benefits of civilizations which then induce more buyer surplus, formalize fiscal activity and stimulate brand-new forms of innovation. Picap, and others, can do this in Colombia and more neighbourhoods across Latin american countries with regulatory advancements.

There are congressional chairmen in Colombia who have represented considerable efforts to advance their understanding of technology scaffolds, but their efforts, however laudable, have not boosted. Now, more than ever, Colombia’s leaders must, for example, recognise that private transport services need regulation that works for the citizens that dominance new mobility alternatives. Every country in countries around the world faces a calculating based on how easily COVID-1 9 lessened state-supported and independent systems of health, mobility and economic work. Technology will be an inevitable component of strengthening health, mobility and economic activity in every country. We’ve already seen that delivery programmes, including Pibox by Picap, increasingly toy a role in helping countries preserve social distancing. And more there’s an opportunity for states to differentiate and think about not just defensive approaches during the pandemic, but likewise how to remake themselves for the future.

Colombia can learn from the pattern of South Korea, which for years arranged itself to fulfill the world’s future demands for the types of silicon chips that subsequently realized LG and Samsung household names. South Korea did this not by impeding technological advancement, but by facilitating the development of know-how, investing in education and partnering with technology. As technologists, there’s nothing that would realise us prouder than facilitating Colombia develop the kinds of economic pleasure that will strengthen the country in the long-term. I’ve seen the future, I practise it daily, and I know that Latin America, and Colombia in particular, need to invest in retaining tech talent and boosting regulatory frameworks that captivate technology asset, or our economies will struggle even further in the coming years of potential recovery from COVID-1 9.

Recently, the Alianza IN, a mobility stage trade radical, launched in Colombia with the goal of boosting conversations with Colombian lawmakers and regulators on basic principles that the Colombian MinTIC( Ministry of Information Engineering and Communications) could incorporate to help attract more investment, retain knack and proactively prepare for a future in which mobility and technological sciences stages are critical partners of the country’s economic future. Technology platforms are already a part of the present, and the Alianza IN’s actions are a great step on the path toward been assured that modernized regulatory frames act the millions of Colombian citizens who depend on mobility and technology programmes for income, mobility and improved quality of life.

Last year, Colombian technology corporations received more than $1.2 billion of investment capital. I am excited with the brand-new headlines my generation and Colombian colleagues across technology have achieved in only 20 times. But I can rest assured that Colombia’s headlines in the 21 st century will be stunted if Colombian politicians and experts do not address the underlying need to improve regulation that embraces technology and brand-new mobility, including Picap. We have area to grow and show the world how our diligence and resilience will help address not just Colombian or Latin american states challenges, but world challenges.

I look forward to soon converging the young Colombian woman who in 20 or even three years will have developed a renewable energy or disease-prevention innovation that serves billions of beings. We have to remove roadblocks. We’ve begun doing so across Colombia on some figureheads; we need to continue to do so on the technology front. I, alongside, my generation, will continue to attract the capital, retain the expertise and further develop the competitive advantages that will position Colombia to lead in the 21 st century.

I hope that the Colombian government, regulators and the Duque administration does this, as well.

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