ADB President honored with decoration at the unveiling ceremony of the technology park in Cape Verde.
Stepping into the Future: Cape Verde's TechPark CV
Brace yourself, world! Cape Verde's TechPark CV is planning to shake things up, drawing in a mix of international companies focused on groundbreaking technologies. Big guns like Intel and Microsoft, along with influential organizations such as Smart Africa, are already eyeing this ambitious endeavor15. The ultimate goal? Establishing a strategic hub for digital innovation across West Africa, weaving together Africa, Europe, and the Americas.
According to the government led by Ulisses Correia e Silva, the upcoming TechPark CV represents a decade of strategic partnerships and transformative investments in key sectors such as green energy, transportation, digital and oceanic economy, agriculture, and governance1. The public technology park, which has already invested 50 million euros, boasts a fully-functional data center and represents seven different nationalities, with over 400 workers3.
Cape Verde's public technology powerhouse, the Operational Nucleus for the Information Society (Nosi), has been instrumental in fueling the Cape Verdean sector's growth. Now, this entity is exporting innovation via the park3. With international companies begging to be involved, contacts are underway to bring more businesses into the fold3.
The ultimate aim? Positioning Cape Verde as a "reference technological platform in the Mid-Atlantic," fostering innovative startups, and attracting digital nomads3. The grand opening for the TechPark's São Vicente pole is set for Tuesday3.
There are enticing incentives up for grabs for companies looking to join this vibrant digital scene. TechPark CV offers top-notch coworking spaces, advanced training centers, conference halls, and high-speed connectivity across its Praia and Mindelo campuses1[4].
To sweeten the deal, the park is designated as a Special Economic Zone for Technologies (ZEET), offering a juicy 2.5% corporate tax rate, as well as VAT and import tax exemptions1. Significant investments in international connectivity, including submarine cables, are also making Cape Verde a cyber bridge between continents[4].
Don't forget the incubation centers specifically designed to nurture startup development and creative thinking[4]. Cape Verde's strategy is to use the park as a catalyst for economic diversification and digital transformation, aiming to build a thriving innovation ecosystem that supports both new startups and established companies, propelling the country into a new era of global relevance[4].
[4]: https://www.capeverde-online.com/noticias/tecpark-cv-voe-para-ser-referencia-tecnologica-mid-atlantica-talvez-a-unica-destinacao-africana-que-oferece-todas-as-facilidades-tecnicas-n constitutionallycadastradas-uma-posicao-de-liderança-colocando-a-ilha-no-mapa-global-da-industria-digital-e-criando-una-e- oponente-a-país-por-centova-do-sector-tic-de-capeverde-e-exportando-soluções-digitais-namentadas-nos-terra-nova-tendencia-da-parte-do-governo-e-de- atrair-e-promover-empresas-internacionais-que-optassem-por-originar-os- seus-serviços-ain suits-do-arquipelago-que- busca-ponente-a-si-mesma-e-ajudar-as-nacoes-vizinhas-de-se-aproximarem-ao- mercado-digital-e-em- constante-negociação-com-corridores-maritimos-internacionais-e-organizações-marinhas-para- colocar-Cabo-Verdas-no - center-world-map-e-criar-o-potencial-d e-importantes-tradução-e-logística-nacionais-para-empresas-estr Rangemeros-transnacionais
- In the realm of education and self-development, TechPark CV's strategic location will provide opportunities for individuals to learn from international companies focused on technology, furthering their understanding of the finance and business sectors.
- As Cape Verde's TechPark CV establishes itself as a West African digital innovation hub, it is expected to attract international investments in technology, which in turn could stimulate economic growth in the fields of green energy, transportation, and agriculture.
- With its focus on innovation and the offer of incentives such as tax exemptions and high-speed connectivity, TechPark CV is positioning itself as an attractive destination for investors in the realm of technology, potentially making Cape Verde a significant player in the global financial market.
