Yachay Tech University was planned during the government of the Ecuadorian former President
Rafael Correa in 2013 as one of four 'Emblematic Universities', as part of his political project
The Citizens' Revolution. However, it is a non-political entity. The university collaborates with public and private research institutions. On March 31, 2014, it began its academic work, with 187 students from 22 provinces of Ecuador who obtained a place in the National Exam for Higher Education (currently called the EAES exam), entrance exams to the public higher education system from this country. The Government of Ecuador invested more than one billion dollars in the construction project of the University, initially directed by the public company
Siembra EP (Previously Yachay EP). However, of every USD100 invested in such a project, less than USD 9 went to the University. In 6 years, Yachay Tech earmarked approximately USD 90
M. According to the
Public Expenditure Observatory of Ecuador, the budget of the universities in 2020 was USD 1.2 billion, of which USD 16.6 million went to Yachay Tech. It placed Yachay in the 23rd position out of 31 higher education institutions that the state finances. With just 1.43% of budget allocation, the university positioned itself as the best in Ecuador for research issues. Yachay Tech, the
National Polytechnic School (EPN) and the
San Francisco de Quito University (USFQ), lead the country's research podium according to
Nature. By 2040, Yachay Tech plans to have 10,000 students. It was created as a science and technology development university. Its creation file mentions the objectives of promoting
scientific research,
technological development, and disseminating knowledge. It prioritizes the training of students for scientific activities. A planned research network was the
National Supercomputing Network, developed around Yachay Tech's
supercomputer,
Quinde I. In May 2018, the Secretary of Higher Education, Science, Technology and Innovation (Senescyt),
Augusto Barrera, apparently ratified his commitment to "resize, give tranquillity, continuity and enhance" the University. In 2022 the National Assembly member
Ana Belén Cordero was accused of libel after saying that the former manager of the university had misspent money. At that time the university had cost over USD 600 million since was created eight years before. Her words were in relation to recent report by the Comptroller General made to the Assembly's Oversight Commission.
Nature Index - Top 10 institutions from Ecuador between 1 May 2020 - 1 April 2021 ==Study programs==