diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1c0d6bb..9fc9896 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ All notable changes to Pixano will be documented in this file.
 ### Added
 
 - Add GitHub actions to format Python, UI, and Markdown code
+- Add CONTRIBUTING.md for installation information and contribution guidelines
 
 ### Changed
 
diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
new file mode 100644
index 0000000..237dedc
--- /dev/null
+++ b/CONTRIBUTING.md
@@ -0,0 +1,41 @@
+# Contributing to Pixano Inference
+
+Thank you for your interest in Pixano Inference! Here you will find information on running Pixano Inference locally and guidelines on how to publish your contributions.
+
+## Getting started
+
+### Issue and suggestions
+
+If you find a bug or you think of some missing features that could be useful while using Pixano Inference, please [open an issue](https://github.com/pixano/pixano-inference/issues)!
+
+### Modifications
+
+To contribute more actively to the project, you are welcome to develop the fix or the feature you have in mind, and [create a pull request](https://github.com/pixano/pixano-inference/pulls)!
+
+And if you want to change the module to your liking, feel free to [fork this repository](https://github.com/pixano/pixano-inference/fork)!
+
+## Running Pixano Inference locally
+
+If you are looking to contribute to Pixano Inference and develop new features, you will need to clone the Pixano Inference repository and run it locally.
+
+### Requirements
+
+You will need `python == 3.10`. Then, inside the root `pixano_inference/` directory, run this command to install all the Python dependencies:
+
+```bash
+pip install .
+```
+
+## Formatting the code
+
+We use these extensions for formatting the Pixano Inference source code:
+
+- Black: Python, Jupyter
+  - https://marketplace.visualstudio.com/items?itemName=ms-python.black-formatter
+- Prettier: Typescript, Javascript, Svelte, HTML, CSS, JSON, YAML, Markdown
+  - https://marketplace.visualstudio.com/items?itemName=esbenp.prettier-vscode
+  - https://marketplace.visualstudio.com/items?itemName=svelte.svelte-vscode
+
+## Updating the changelog
+
+When you want to create a pull request with the changes you have made, please update the CHANGELOG.md accordingly.
diff --git a/README.md b/README.md
index 3cbdaac..d691e09 100644
--- a/README.md
+++ b/README.md
@@ -29,11 +29,7 @@ Please refer to [these Pixano notebooks](https://github.com/pixano/pixano/tree/m
 
 # Contributing
 
-If you find a bug or you think of some missing features that could be useful while using Pixano Inference, please [open an issue](https://github.com/pixano/pixano-inference/issues)!
-
-To contribute more actively to the project, you are welcome to develop the fix or the feature you have in mind, and [create a pull request](https://github.com/pixano/pixano-inference/pulls)!
-
-And if you want to change the module to your liking, feel free to [fork this repository](https://github.com/pixano/pixano-inference/fork)!
+Please refer to the [CONTRIBUTING.md](CONTRIBUTING.md) for information on running Pixano locally and guidelines on how to publish your contributions.
 
 # License