When contemplating top tech and startup ecosystems in Latin America and the Caribbean, Jamaica isn’t exactly the first locale that comes to mind.
Listed 94th on the World Economic Forum’s 2013-2014 Global Competitiveness Index, the country gets low marks in macroeconomic development (ranked 141 out of 148), quality of math and science education (115), and venture capital ability (130). However, it’s got a number of things going for it as well – such as number of days to start a business (listed at 25), availability of latest technologies (42), quality of scientific research institutions (48), and nature of competitive advantage (46).
Jamaica’s economy is certainly making strides, and while some factors are still lacking, other indicators demonstrate advances. This is good news for entrepreneurs, startups, investors and other members of the country’s tech community indeed. Continue