The visit of Latin American companies, looking to establish their presence in the Canary Islands for expansion, has successfully concluded.

canarias latam tech

Several of these technology-based firms are now seriously contemplating the feasibility of operating from the Canary Islands.

The companies that participated in this immersive week expressed their contentment with the favorable conditions that the Canary Islands offer for their projects. They are acting as advocates for the manifold opportunities that the Canary Islands extend to other technology companies and venture capitalists hailing from Latin America.

A dozen Latin American technology-based companies participated in the Proexca Canarias Latam Tech program in early October. This program involved immersing themselves in the digital ecosystem of the Canary Islands.

During their visit, they had the opportunity to delve into the fiscal tools offered by the Canary Islands Special Zone (ZEC) and the financing options made available by the Canary Islands Economic Development Society (SODECAN). Additionally, they received guidance on visa management and the process of establishing companies. They also had the chance to connect with other foreign companies already established in the Canary Islands, sharing invaluable experiences.

Furthermore, Proexca extended an invitation for the companies to explore the facilities of the Technological Institute and Renewable Energies (ITER) and the Technology Park in Tenerife. They also visited various office spaces in Gran Canaria, allowing them to gain firsthand insight into the financing and talent initiatives being developed by the island councils of both Tenerife and Gran Canaria. In Gran Canaria, the companies seized the opportunity to attend the Canarias Destino Startup event, where they had the chance to connect with local companies and other key players in the ecosystem.

As a result of this soft-landing visit, several of the 11 companies that explored the islands are now meticulously evaluating the prospect of establishing themselves in the Canary Islands. Moreover, many of the participating companies are actively promoting the opportunities offered by the archipelago, spreading the word among technology-based firms, entities, and venture capitalists in Latin America.

In its unwavering dedication, the Canarias Latam Tech Program will continue its quest to seek out the finest technology-based companies in Latin America eager to enter Europe and scale their innovative business models. During this recruitment process, Proexca will draw support and knowledge from promotion agencies spanning several Latin American countries, as well as from the companies that participated in the first edition in 2023.

The forthcoming edition of Canarias Latam Tech is anticipated to take place in the first half of 2024.