The Yachay City of Knowledge is one of Ecuador’s most emblematic projects. It is a planned city, the first of its kind, aimed at researching and developing necessary technological applications to achieve a ‘better life’. The City of Knowledge is an ecosystem that fosters innovation and promotes technological entrepreneurship, encouraging the creation of new businesses, high value products and innovative services to be commercialized locally and internationally, thereby supporting the country's vision for exportation.
As part of this vision, one of the first initiatives was a contest, Retos Yachay 2015 (Yachay Challenges 2015). The contest focused on technological innovations and creating practical solutions to build economic engines that would help drive Ecuador towards becoming a knowledge-based economy.
Yachay’s Center of Entrepreneurship partnered with ThoughtWorks in a public-private alliance that allowed winners of the ‘Smart Grid’ category to receive 140 hours of training from ThoughtWorks in agile methodologies and design thinking to help bring their innovations to life.