Cuba

Cuban Innovation Ready to Explode into Tech World

President Obama is scheduled to visit Cuba next week, but before the world's attention turns to the island nation, there are two creative ways investors who believe in the country's growth prospects can invest there.

Rick Jervis | March 15, 2016

Cubans on the island are bristling with underused skills, innovation and an entrepreneurial spirit that could burst into the tech world if given the right tools and political climate, a South by Southwest panel said on Monday.
Trade with Cuba could reach $13 billion a year if restrictions between the two countries are lifted, including the U.S. embargo on Cuba, and greatly expand the island’s outdated tech sector, according to a report led by J. Walter Intelligence, a global research group, which was released at the panel. The group spent nine month interviewing economists, industry leaders and journalists about the evolution of the Cuban economy and the prospect of business dealings with the U.S.

Cuban start-ups stalled in the dial-up lane. Source: http://www.panamericanworld.com/en/article/cuban-start-ups-stalled-dial-lane

<more at http://www.usatoday.com/story/tech/2016/03/14/cuba-innovation-tech-world-sxsw/81784508/; related links and articles: http://www.panamericanworld.com/en/article/cuban-start-ups-stalled-dial-lane (Cuban start-ups stalled in the dial-up lane. April 27, 2015) and https://www.washingtonpost.com/news/powerpost/wp/2016/03/16/obamas-cuba-trip-raises-profile-but-not-prospects-of-lifting-embargo-in-congress/ (Obama’s Cuba trip raises profile, but not prospects of lifting embargo in Congress. March 16, 2016)>