innovachile subsidies 2013
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Chile:
an Innovation Hub in
Latinamerica
Chile has seen outstanding growth and stability during the past two decades. Today’s challenge is to continue the forward movement so that Chile can reach greater levels of technological sophistication and development to contribute to the country's consolidation of its IT, electronics, mining, aquaculture, forestry, and food industries. Chile has set the stage for development and innovation in Latin America.
Source: IMF
MAIN GOAL OF CHILEAN GOVERNMENT A developed economy by the end of the decade
79
10 11 1214 14 14 15 15 16
18 19 19
22 22 2325
2729 29 29 30
33 34 35 35
39 40
48PIB per capita 2010 (Miles de dólares, paridad de poder de compra)GDP per capita 2010 (USD PPP Thousands)
Represents 63% of world population (2010)
Bolivia
Cuba
Ecuador
MERCOSUR
Venezuela
India
P-4
European Union
Australia
Canada
Central America
China
Colombia
Korea
EFTA
U.S.A.
Japan
Mexico
Panama
Peru
Turkey
P4: Chile, New Zealand, Singapore, Brunei
EFTA: Iceland, Norway, Switzerland, Liechtenstein
FREE TRADE AGREEMENTS MARKET OF 4.2 BILLION
Agreements Signed
Agreements Negotiated
Agreements under Negotiation
TRANSFORM CHILE INTO AN INNOVATION AND ENTREPRENEURIAL HUB FOR LATAM
To achieve this Goal
- Bring new and innovative ideas to market
- Create a culture for innovation and entrepreneurship
InnovaChile of CORFO InnovaChile
@ CORFO
The Chilean Economic Development Agency, CORFO was created in 1939.
Its main purpose is to help increase innovation, entrepreneurship and competitiveness of the Chilean economy and companies.
• Improving access to long term financial resources and their managerial capabilities
• Supporting technological innovation, through InnovaChile
• Promoting foreign investment and strategic alliances
CORFO
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
INNOVACHILE
CLIENTS: Companies - Entrepreneurs Technological Institutes Universities
SERVICES: Grants (shared costs, risk) Expert technological assistance Innovation support networks
MAIN AREAS OF INNOVACHILE
Technical and Business
Advisory Services
Technology Transfer
Corporate Innovation
Innovative Ecosystem
Chile’s Next Growth
Phase (2010-2030)
Sustainable Growth
Increased Productivity Gains
HOW ARE WE GETTING THERE?
Science & Education
Innovation & Entrepreneurship
WHERE IS CHILE GOING TO ADD VALUE?
Sustainable and Competitive Natural
Resources
Natural Laboratories (Astronomy, Marine
Bio & Energy, Seismic/Geo Studies,
Antarctica, Dessert/Solar, etc)
Agriculture and Food Industries
Collaborative/Niche for Horizontal
Techs (LifeSci, ICT, Green Tech-Renewable
Energies, etc)
HUMAN CAPITAL: Undergraduate Enrollment
Average yearly growth rate of 8% 2001-11
Source: Ministry of Education
HUMAN CAPITAL: National Postgrad Enrollment
-
1.000
2.000
3.000
4.000
5.000
6.000
-
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Masters
Total
PhD (right axis)
Number of Enrolled PostGrad Students
Over 4X in 10 years
Source: Ministry of Education
Postgrad students starting their programmes per year
PhDs Masters
Source: Conicyt
HUMAN CAPITAL: Government Scholarships
98 124
455 536
632
2007 2008 2009 2010 2011
234
327 341 349
499
2007 2008 2009 2010 2011
17
Source: Main Science and Technology Indicators (MSTI), OECD 2010. Encuesta de Innovación e I+D 2007 – 2008. División de Innovación, Ministerio de Economía.
LOW R&D INVESTMENT
0,4
1,8
2,3
0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0
Chile (2008)Mexico (2005)
Slov ak RepublicGreecePolandTurkey
South Africa (2005)Hungary
Russian FederationItaly (2006)
EstoniaPortugal
New ZealandSpain
IrelandChina
Slov eniaCzech Republic
LuxembourgNorway
NetherlandsEU27
United KingdomBelgium
CanadaAustralia (2006)
FranceOECD
GermanyDenmark
AustriaUnited States
IcelandSwitzerland (2004)
JapanFinland
KoreaSweden
Israel
App 40% private
0.5
InnovaChile’s Support for International Initiatives
• 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.
• Seeks to support Chilean entrepreneurs to kick off their startups in a global environment helping them to accelerate their business in a world‐class incubator/accelerator.
• Oriented to place Chilean startups in different market environments around the world, providing them with the proper platform and support to globalize their business.
GLOBAL CONNECTION PROGRAM
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
TECHNOLOGICAL CONSORTIUMS
• To promote the development of companies that generate value by aligning market needs with technological expertise, through long-term R&D projects.
• Expected results for Consortiums and its companies: o Increase in R&D investment. o Increase in sales of products and services. o Self-sustainability of the Consortiums.
• Up to 10 years and US$10 million subsidy, in
matching funds (20% cash)
• Supports the development of high technology projects with significant commercial potential.
• Subsidizes early stages development projects, with high R & D content, that seeks to reduce the risk through the development of prototypes, trials or tests and, in this way, accelerate their arrival to market.
• Up to US$1,5 million subsidy, in matching funds
HIGH TECH INNOVATION
R&D TAX CREDIT
• 35% tax credit
• Up to U$1.2mm per year (tax credit)
• Up to 50% of activities in foreign territories
• Less burocracy and red tape
INTERNATIONAL CENTERS OF EXCELLENCE 2009 • Facilitate the installation of International
Centers of Excellence in Chile.
– To create and maintain new capacities and infrastructure in applied research and tech development
– Focused in generating results, new knowledge and technological breakthroughs
– Establishing and promoting the development of local skills, through alliances with Chilean entities.
– U$20mm in 10 years per center
• This 2nd Call was opened to every sector or industry.
• Proposals tackling high impact areas for Chile’s economy were better valuated
• Projects contribute to position Chile as an innovation hub within Latam
• Institutional ICE 2.0 (non profit): – US$ 13 millions in 8 years
• Corporate ICE 2.0 (for profit): – US$ 8 millions in 4 years
INTERNATIONAL CENTERS OF EXCELLENCE 2.0
Thank you
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