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The company plans to use the incoming capital to scale up its tech platform, embrace machine learning, and expand in Latin America.

Over the past decade, the cloud has moved from something that was something of a novelty to an essential business service. Before, what was seen as a tech-world phenomenon that some companies found use for is now simply a part of the everyday fabric of operations. Amazon Web...

ePayco, RapiCredit, ESCALA Educación will compete against their regional peers for $75,000 USD in startup funding.

“Medellín has stood out as a pacesetter, not only in Colombia but in Latin America," said Natalia Martínez-Kalínina of the Cambridge Innovation Center.

SENA expects Fondo Emprender to fund around 420 entrepreneurial ideas that will create more than 2,000 new jobs.

"You need a bunch of other expertise around the table in addition to raw engineering talent," says Casnocha. "There is still work to be done in terms of the human capital."

The five top winners of the Ecopetrol Awards may receive more than $8,000 USD, and another 12 winners will walk away with $2,000 USD or more.

Select startups will receive mentorship, a spot in the Google Developers Launchpad program, and the chance to pitch their business to around 30 investors.

NetSuite's global push is primarily focused on adding data centers, but it is also adding 13 field offices across the world.

Amazon Web Services highlighted the "growing demand and acceleration of cloud computing services" in the country.