About CORFOThe Chilean Economic Development AgencyCORFO lends support to Chilean firms to help them improve their competitiveness in international markets. Its scope of action ranges from individual companies and networked firms to full production chains, including clusters or geographic groups of companies working in a particular industry.
The Agency also promotes the formation of new businesses that renew and diversify opportunities for growth. For this reason, it supports innovative entrepreneurship and investments, especially those that allow Chile to access highly competitive international production networks.
CORFO's Mission:
To promote the establishment and growth in Chile of innovative, dynamic and accountable firms with access to global markets by supporting high-impact projects that contribute to making Chilean's aspirations for growth and prosperity a reality.
- Offices: 15 offices in Chile. Field offices in Spain, Italy, Scandinavia (Sweden, Finland, Denmark, Norway), Canada, the United States and New Zealand
- Staff: 556 people - Staff list according to type of contract
- Equity: US$ 4 billion
- Assets: US$ 4.2 billion. Of those, US$ 2.1 billion are investments in companies in which the Chilean State has a stake through CORFO
Areas for Action By means of matching funds and credits, CORFO helps Chilean firms particularly smaller companies face their main challenges:
InnovationThrough Innova Chile, CORFO provides matching funds to meet the needs of individuals, companies or groups of companies, universities and technology-related institutions wishing to undertake an innovative enterprise.
Improving quality and productivity
CORFO provides matching funds to improve the quality and productivity of Chilean small and medium-sized enterprises, thus strengthening both their own competitiveness and that of the overall domestic production system.
FinancingBy means of bank and non-bank agents, CORFO provides credits for productive investments and working capital for micro, small and medium-sized enterprises, as well as credits for tertiary education.
Investment
CORFO supports Chilean and foreign investors wishing to undertake projects in our country by offering multiple services and incentives to facilitate project assessment, location and startup.