Innovation in Chile:A National Priority Gloria Maldonado
Chile has seen outstanding growthand stability during the past twodecades.Today’s challenge is to continue theforward movement so that Chile canreach greater levels of technologicalsophistication and development tocontribute to the countrysconsolidation of its IT, electronics,mining, aquaculture, forestry, andfood industries.Chile has set the stage fordevelopment and innovation in LatinAmerica.
High Competitiveness Ranking Country 2010-2011 Ranking of Switzerland 1 Competitiveness Sweden 2 2010-2011 Singapore 3 United States 4 30th place among 132 Germany 5 countries around the UK 12 world China 27 Chile 30 Chile has the most Estonia 33 competitive economy in Czech Republic 36 Latin America Thailand 38 Poland 39 Spain 42 Portugal 46 Nº 1 Italy 48 LATAM India 51 Panama 53 Brazil 58Source: World Economic Forum (www.weforum.org)
Free Trade Agreements Market of 4.2 billionChile has 21 agreements with 58 countries MERCOSUR European Union China U.S.A. PeruBolivia Venezuela Australia Colombia Japan TurkeyCuba India Canada Korea MexicoEcuador P-4 Central America EFTA PanamaRepresents 63% ofworld population(2010) Agreements Signed Agreements Negotiated Agreements under Negotiation P4: Chile, New Zealand, Singapore, Brunei EFTA: Iceland, Norway, Switzerland, Liechtenstein
Main Goal of the Chilean Government: A developed economy by the end of the decade With a growth of 6% per year, Chile will reach a GDP per capita of US$ 23,000 in 2020, similar to those already classified as developed countries. GDP per capita 2010 PIB per capita 2010 48 (Miles de dólares, paridad de poder de compra) (USD PPP Thousands) 39 40 35 35 33 34 29 29 29 30 27 25 22 22 23 18 19 19 16 14 14 14 15 15 12 10 11 9 7Source: IMF
To transform Chile into an innovation and entrepreneurial hub for Latin American To achieve this Goal - Bring new and innovative ideas to market - Create a culture for innovation and entrepreneurship
Informede GestiónCORFO15 Junio 2011 InnovaChile of CORFO InnovaChile of CORFOGobierno de Chile | Corporación de Fomento de la Producción – CORFO 7
CORFO The Chilean Economic Development Agency, CORFO was created in 1939. Its main purpose is to help increase the competitiveness of the Chilean economy and companies (especially SME’s): • Improving access to long term financial resources and their managerial capabilities, and • Supporting technological innovation, through InnovaChile • Promoting foreign investment and strategic alliances.
What do we look for? Improve the country’s productivity Increase the economy’s growth rate
President National Innovation Council Chilean Government Ministry Of Economy Ministry Of Education Others* Corfo Conicyt InnovaChile Fondef Fondecyt Companies Individuals Technological Institutes Universities* Others: FIA, Millennium Program
InnovaChile• Public Agency in charge of applying Chilean Innovation Policies to increase competitiveness• Operates as a matching fund, providing grants to companies and technological centers who submit projects (demand driven)• Nearly 55% of the total cost of projects is financed by private companies• The level of public financing provided by InnovaChile depends on: • Risk level • Innovation potential • Economic potential and externalities • Degree of collaborative effort
Main Areas of InnovaChile TechnicalTechnology Corporate Innovative and Business Entrepreneurship Advisory Transfer Innovation Ecosystem Services
Some 2011 figures167.099 US$2.644 MillionDirect beneficiaries. 682 per day! Mobilized during 2011. US$332 million with public funding, and US$2.311 million leveraged. Of the mobilized91% Of beneficiaries are SMEs 89% funds destined to SMEs
Main AchievementsMain Achievements • From 2001 to date, through Private Public alliances, Chile has supported: 14 Genomics-related Programs (US$66 millions, 56% public): Fruits, Biomining, Forestry, Salmon, Wine, Rainbow Trout 17 Technological Consortiums (US$132 millions, 45% public): Forestry, Vineyards, wine, Fruits, Milk, Cancer , Chemistry of natural products, Salmon Biotechnology, Animal Health, Biomedicine, Aquaculture, Sheep, Potatoes, Honey, Lignocellulose’ Biofuels 15
Main Achievements• Since 2005, InnovaChile has subsidized: 3,100 innovation projects, benefiting 9,500 Companies The creation of over 400 companies through seed capital The launching of 24 R&D Centers and 110 Technology Transfer Nodes through out the Country 19 incubators through out the country 26 International Market Prospection Programs for exporting companies 10 Business Platforms for new markets in Asia, Europe and the US 16
• An accelerator program created by the Chilean government that seeks to attract 1,000 high-potential global startups, to bootstrap their startup using Chile as a platform to go global.• Its goal is to foster the interaction between Chilean and global entrepreneurs to strengthen the relationship between Chile and other innovation hubs around the world. 18
Attraction ofInternational Centers of Excellence • Designed to facilitate the installation of International Centers of Excellence in Chile. – To create and maintain new capacities and infrastructure in science and technology areas that have an impact on Chilean main economic sectors – Focused in generating results, new knowledge and technological breakthroughs – Establishing and promoting the development of local skills, through alliances with Chilean entities, technological and scientific research centers.
Global Connection ProgramSeeks to support Chileanentrepreneurs to kick off theirstartups in a global environmenthelping them to accelerate theirbusiness in a world‐classincubator/accelerator.Oriented to place Chileanstartups in different marketenvironments around the world,providing them with the properplatform and support to globalizetheir business.
Applied R&D Program• Oriented to promote the collaboration between Chilean and foreign R&D centers, to make business and technological prospection in order to formulate associative projects of Innovation R&D• Relevant for countries that have signed International Science and Technology Collaboration Agreements with Chile• Finances aspects such as: - Technological prospection - International associate prospection - Technological missions - Internships - Market and legal Studies - Formulation of joint Innovation R&D projects - International Assistance
Thanks! www.corfo.clGobierno de Chile | Corporación de Fomento de la Producción – CORFO