business

Also in this section:
Business & Economy Briefs

Seguro Social strike
The Panamanian Diaspora
City of Knowledge

City of Knowledge goals, successes outlined

by Eric Jackson


On July 4, as part of the Central American Book Fair at ATLAPA, the City of Knowledge’s Dr. Jorge Arosemena spoke on “The Goals and Accomplishments of the City of Knowledge.” The civil engineer, sociologist, former head of the IPAT travel bureau, vice-rector of the University of Panama and former education minister explained the institution’s origin in a 1998 law that created a private foundation to transform part of the former Fort Clayton into “a center of excellence in science, technology and innovation.”

As “a state initiative administered by a private foundation,” Arosemena said that the City of Knowledge has enjoyed good support from the Moscoso administration and is beginning to create “an international community in which the academic, scientific and business communities interact.”

The project has a reputation as a PRD enclave, but when looking at the Panamanians involved on the foundation’s board it can’t be dismissed as only that, and moreover, they’re not looking to divide turf among the usual suspects but rather to create an international entity. “Attracting people from outside was always key,” Arosemena said. “Just within Panama we can’t get all the people we need to become what we want to be.

The City of Knowledge has joint academic programs with Florida Atlantic University, Florida State, SMU, Cornell, the University of California at Davis, Texas A&M, Iowa State, McGill, Universidad San Martin, St. Clair College, Williams College and Tulane. The Peregrine Fund, the ISTHMUS architectural institute and the George Westerman Center also add to the project’s academic offerings.

Arosemena thinks that Panama’s location at the intersection of five major undersea fiber optic cables may one day may be of more economic relevance than the Panama Canal, and at the moment it makes the City of Knowledge one of the world’s best-connected spots from the telecommunications point of view. For that reason, it has attracted international call centers and the new Telecarrier phone company to its premises. The technological park at Clayton is now home to 27 businesses. Probably the most successful one is Arango Software, a Panamanian company that now occupies the old Clayton hobby center, from which it asserts itself as a major international player in the field of banking software. Arosemena said that a laboratory that can do DNA and materials analyses --- something that Panama doesn’t currently have - - - is on the way.

A major part of the City of Knowledge’s income is derived from being the landlord for international organizations, several of which have opened their regional offices at Clayton.

Another key component of the City of Knowledge is a business incubator program, in which new businesses, usually in the high tech sector, are helped to get off the ground. Arosemena says that his goal is for 90 businesses in the incubator within six years, with the understanding that some of them will fail and the bottom line being some 700 jobs.


Also in this section:
Business & Economy Briefs

Seguro Social strike
The Panamanian Diaspora
City of Knowledge


News | Business | Editorial | Opinion | Letters | Arts | Review | Community | Fun | Travel
Galleries | Calendar | Outdoors | Dining | Science | Sports | Español | Front Page | A r chives



Back to top