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

"Places like this are important for Medellín because they are the starting point for innovation to become the main driver of the city’s economy," said María Fernanda Galeano.

With startup financing often scarce, the goal is to offer "credit that better fits the particular focus of these companies," said Bancóldex President Luis Fernando.

“Having Huawei right here in Medellin is not just something that happens every day. On the contrary, it is a vote of confidence in the city.”

"Within Latin America, we see this city as one of the main focal points of innovation," says History's Cesar Coletti about Medellín.

By 2021, Ruta N hopes that the companies that signed on will be investing at least 3% of their sales back into activities in science, technology, and innovation.

Colombia's most successful startup accelerator has set ambitious goals for growth as it strives to transform Medellín into a knowledge economy.