Among the most important barriers for accessing and succeeding in the Latin American Higher Education Institutions (HEI) are the costs of being a university student. Even if there is not tuition to be paid, as in the case of most public HEIs in the region, or through scholarship from the government in private HEIs, other often overlooked costs, most notably the cost of textbooks, are real impediments for low-income prospective and actual students. This initiative addresses the problem of high cost of textbooks for Higher Education in Latin America. The main pillars of this initiative are a digital ecosystem for the collaborative creation of textbooks, a technological platform to support this ecosystem and the strategies for the adoption of the initiative in Higher Education Institutions of the region. This initiative will encourage and support local professors and authors to contribute with individual sections or chapters that could be assembled into customized books by the whole community. The created books will be freely available to the students in an electronic format or could be legally printed at low cost because there are no license fees to be paid for their distribution. This solution will also contribute to the creation of customized textbooks where each professor could select the sections appropriate for their courses or could freely adapt existing sections to their needs. Also, the local professors will be the sink and source of the knowledge, contextualized to the Latin American Higher Education system. Professors and academic authors will be the main participants of the initiative, however the low-income students will be the main beneficiaries of the freely available textbooks.