Doing Technological Business In Latin America
During these last months I have been in developing countries trying to launch IT business. I have found:
Not enough critical mass of programmers. Every Latin country is small and difficult to find flexibility in the growth if necessary.
Internet broad band is more expensive, when it is found.
Some countries do not have a technological market. Ecuador, for instance has a hand full of IT companies that create technology. This is not a made market. There is no technology department in any bank. Worse yet is venture capital.
Every big IT company is in every country either directly or via office of representation. Typically the prices of the hardware and software are lower than in northern countries.
The legal framework is not appropriate not only for the political instability of the region but also for the particular laws that are necessary to protect the intellectual rights defense.
There are plenty of technical generalist with experience and very few specialist. Since the market is so small the people who graduate generally very soon goes into administration.
If you have a small project for developing it is possible (depending the particulars) to make great a project in terms of money. Maybe the timing could be little longer. Please do not try to finance from local source, very difficult. The sales should be international. Not many companies make a decent living selling internally.
