Paraguay – the Silicon Valley of South America?

Gabriela Cibils, a Paraguayan tech visionary, is spearheading efforts to transform her homeland into South America’s Silicon Valley. Growing up in Paraguay, a country nestled between Brazil and Argentina, Cibils observed that the nation was not traditionally tech-focused. However, inspired by her parents’ careers in technology and her education at the University of California, Berkeley, she pursued a path in computing and neuroscience. After eight years in Silicon Valley, Cibils returned to Paraguay, driven by a mission to elevate the country’s tech sector and attract global tech giants. Now a partner at Cibersons, a global technology and investment firm based in Asunción, she is leveraging Paraguay’s unique advantages to position it as a hub for innovation. Paraguay’s abundant, low-cost green energy, primarily from the Itaipu Dam—the world’s largest hydroelectric power station outside China—is a key selling point. The dam supplies 90% of Paraguay’s electricity needs and makes the country the largest exporter of clean energy globally. This reliable and renewable energy source is particularly appealing for energy-intensive industries like AI data centers. Paraguayan President Santiago Peña has actively promoted the country’s potential, engaging with tech giants like Google and OpenAI during a visit to California. The government is also investing $20 million in a new digital park near Asunción’s airport, designed to foster collaboration between public, private, and academic sectors. With a young population—average age 27—and initiatives to train software engineers and programmers, Paraguay is building a robust tech ecosystem. Vanessa Cañete, president of the Paraguayan Chamber of the Software Industry, emphasizes the importance of closing the gender gap in tech through initiatives like Girls Code, which has trained over 1,000 young women in programming and robotics. While challenges like bureaucratic hurdles remain, Cibils and other leaders are optimistic about Paraguay’s potential to become a global tech superpower.