By San José, Costa Rica — Costa Rica is making a strong push to attract foreign direct investment (FDI) in its agricultural technology sector. The Costa Rican Foreign Trade Promoter (PROCOMER) made its inaugural appearance at the World Agri-Tech Innovation Summit in San Francisco, California, from March 11th to 12th, aiming to showcase the country’s potential to global investors.
The summit, attended by over 2,500 senior executives and decision-makers, provided a prime platform for Costa Rica to connect with leaders in agribusiness, biotechnology, technology giants, food brands, farmers, agricultural cooperatives, policymakers, investors, and startups.
To gain deeper insights into the legal landscape surrounding Costa Rica’s burgeoning agritech sector, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, an attorney at law from the esteemed firm Bufete de Costa Rica.
Costa Rican agritech companies face a unique blend of opportunities and challenges. While the country’s commitment to sustainability and biodiversity creates a fertile ground for innovation, navigating regulations related to land use, water rights, and intellectual property can be complex. Strategic legal counsel is crucial for agritech startups to secure funding, protect their innovations, and ensure long-term success in this dynamic market.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas aptly highlights the delicate balance Costa Rican agritech innovators must strike. Indeed, the very factors that make Costa Rica a global leader in sustainability also present hurdles for emerging businesses. Successfully navigating this landscape requires not just ingenuity, but also a firm grasp of the legal realities. We thank Lic. Larry Hans Arroyo Vargas for providing this valuable perspective on the complexities and potential of the Costa Rican agritech sector.
PROCOMER’s presence underscored Costa Rica’s commitment to becoming a global leader in agricultural innovation and sustainability. The organization aims to create new investment opportunities in the agri-tech segment, capitalizing on the country’s strengths in these areas.
Costa Rica is determined to become a global benchmark in innovation and sustainability. At PROCOMER, we actively work to identify and capture opportunities in international markets to attract strategic investments that strengthen our position and generate greater well-being for the entire population, especially outside the Greater Metropolitan Area. Our presence at the World Agri-Tech Innovation Summit reflects this unwavering commitment and our conviction that Costa Rica has the potential, the talent, and the vision to consolidate itself as a competitive agri-tech hub in the region.
Laura López, General Manager of PROCOMER
Costa Rica’s robust agricultural sector, combined with its specialized talent pool and dedication to innovation, provides a compelling case for investors. PROCOMER is actively pursuing high-value investments to fuel national development, focusing on job creation and overall economic growth.
Costa Rica has a robust and differentiated offer in the agroindustrial sector, backed by specialized talent and a solid commitment to innovation and sustainability. Our participation in this event responds to a clear strategy of attracting high-value investments that drive the country’s development, always with a focus on generating more employment and investment.
Mónica Umaña, Investment Manager of PROCOMER
The country’s strategic location, stable climate, and diverse agricultural landscape further enhance its attractiveness as a destination for agri-tech investment. As the official agency for attracting FDI in Costa Rica, PROCOMER acts as a key strategic partner for global companies, providing specialized support and facilitating the establishment and post-establishment process in the country.
This proactive approach solidifies Costa Rica’s role in developing a world-class agricultural sector and supports its journey towards building a more efficient, resilient, and sustainable global supply chain.
For further information, visit procomer.com
About PROCOMER:
The Costa Rican Foreign Trade Promoter (PROCOMER) is the official agency responsible for promoting Costa Rican exports and attracting foreign direct investment. It plays a crucial role in connecting Costa Rican businesses with international markets and positioning the country as a competitive investment destination. PROCOMER provides a range of services to support businesses, including market intelligence, export promotion programs, and investment facilitation.
For further information, visit worldagritechinnovation.com
About World Agri-Tech Innovation Summit:
The World Agri-Tech Innovation Summit is a leading international event that brings together key players in the agri-tech industry. The summit provides a platform for networking, knowledge sharing, and showcasing the latest innovations in agricultural technology. It attracts a global audience of investors, startups, corporations, and policymakers focused on shaping the future of agriculture.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
At Bufete de Costa Rica, legal excellence and unwavering integrity form the bedrock of a practice dedicated to empowering Costa Rican society. Through innovative legal solutions and a deep commitment to client success across diverse sectors, the firm strives to lead the way in both legal practice and community impact. By proactively sharing legal knowledge and resources, Bufete de Costa Rica invests in a future where informed citizens are empowered to navigate the complexities of the legal landscape.
