July 29, 2019 Print

One of the ways that Venezuela’s government has responded to the country’s economic crisis has been to prevent imports, but Centro de Divulgación del Conocimiento Económico para la Libertad (CEDICE), a Venezuela-based Atlas Network partner, has introduced a new program called CEDICE Futuro that advocates innovative technologies.

Protectionism, the practice of restricting imports through tariffs, has prevented Venezuela from implementing new technologies in business.  If Venezuelan entrepreneurs cannot access advanced technologies, they cannot compete in the evolving market. 

CEDICE Futuro’s mission is to fight protectionism with technology-friendly entrepreneurship that will help the country rebuild its collapsed infrastructure and take advantage of what is being called the “Fourth Industrial Revolution.” By showing how technology can play an important role in the country’s redevelopment, CEDICE Futuro hopes to show how innovation is closely tied to both economic and individual freedom. So far, CEDICE Futuro has roused interest from entrepreneurs, businessmen, future professionals, and politicians. 

“Most of the concepts we talk about are foreign to them and that immediately catches their attention,” said Adriana Pineda, Coordinator at CEDICE Libertad. “We have been questioned many times on how we could solve problems on water or power supply using these technologies. The crisis has made people more prone to accept private solutions to public problems.” 

The water shortage is one problem that could be solved through the import of technology; Architecture and Vision, an Italian company, produced the Warka Water Tower, specifically made to collect rainwater in mountainous regions like Venezuela. “We have the technologies at arm’s reach, we only need the will and liberty to use them,” declares Cedice Futuro Newsletter in issue number 1, “¡Empecemos el año con soluciones!” 

CEDICE Futuro plans to host workshops that teach businesses how to adapt to the market, and fills its newsletter with investment ideas so that entrepreneurs can take immediate action. 

“Venezuela’s current situation is certainly grim, but that means that the only thing left to do is rise from the ashes,” concluded Pineda. “As we said, the crisis has opened people’s mind to the possibility of having private solutions to public problems. They now crave the freedom to live the life they want, so hope is not lost after all.”