They enhance the conductivity properties of sensors to make devices lighter and more flexible. Due to these advances, the Internet of Things is expected grow at an unprecedented rate.

The country, which is already known as an adventure and leisure destination, is now moving towards the coveted world of corporate tourism, where spending is almost twice as much as a visitor on vacation. In 2018, this segment brought in more than US$551 million.

EY report awards first place to China followed by the United States and France. Within the region, Chile takes second place after Argentina.

With a fund of US$5,000 million to allocate to innovative projects in Latin America, it will prioritize FinTech companies in the country, linked to digital wallets, payment methods and international remittances, among other services.

This will add to the assets it already has in the country and seeks to respond to growing demand for its services in Latin America.

The country expects that, within six years, 25% of plastic containers and packaging will be made from recycled material and 100% will be designed in line with the circular economy concept. The announcement was made five months before COP25 takes place in Chile.

The Transport Ministry is coordinating the arrival of the minibus with a capacity for 12 passengers. It will be used on a route in the capital, Santiago, before being taken to the regions.

Chile is the southern hemisphere’s principal fruit exporter. Each year, it produces 5 million tonnes of fresh fruit of which it exports 2.6 million tonnes, representing sales of US$4,000 million. Exports of vegetables are also growing and reached US$30 million in the first four months of this year, up by 23% on the same period in 2018.

The aim is to cover eight Chilean cities in 2019 with 7,000 scooters and, over the next 24 months, to open in six markets, starting with Argentina, Peru and Uruguay.

In the placement of Chile’s first sovereign green bond, international markets showed their confidence in the Chilean economy through a historically low interest rate (3.53%) and strong demand from institutional investors that specialize in green bonds.

The Spanish company, which has had operations in Chile for a decade now, revealed that it will invest US$800 million by 2025.

The 2010 earthquake in Chile was the inspiration for an emergency information system that operates without an Internet connection.

The company indicated that it expects to invest US$100 million in a first stage, but this could eventually increase.

Some US$9,000 million must be invested in the lithium mining sector to develop the 600,000 tonnes of new capacity required to satisfy demand. 

The center, with an investment of US$70 million, will be located in Santiago’s Quilicura district. The announcement demonstrates that Chile is positioning itself as Latin America’s leading technological hub.

The company already has two projects in the hydroelectricity sector and expects to expand in clean energies.

The international impact that the project may have, as well as the digital integration of the almost 300,000 inhabitants of Patagonia, includes the great potential of the far south of Chile for research and science.

Entrepreneurship in Chile: Wilefko, or “Brightness of Water” in Mapudungun, is a Chilean start-up that has invented a motor able to turn the impacts of thousands of waves into a continuous movement in order to generate electricity.

The Chile tech transformation initiative is based around three key pillars: international optical fiber interconnections, the development of local fiber optics and a 5G tender scheduled for early 2020.

Initially, it will operate outside the Chilean capital Santiago, specifically in the cities of Valparaíso, Viña del Mar, Concón, Quilpué and Villa Alemana.