Biotechnology and Life Science in Chile

Abstract

CORFO the Chilean Economic Development Agency, has been theprimary organization within the Chilean Government responsiblefor promoting economic growth in Chile since 1939.In 2000, CORFO launched a program designed to attract and facilitate technology-intensive foreign investments. Sponsoredby the Ministry of Economy, this program has been operated incoordination with its Foreign lnvestment Committee. The mainobjective behind this effort is to position Chile as a biotechnologyand service springboard for companies with investment projectsthat are aimed at Latin America and the world. This program supports the setup of operations for biotechnology and life sciencescompanies, clinical research initiatives and other high valuetechnology projects including research, development and transferof emerging technologies.Over the last 15 years, Chilean entrepreneurs have beenresearching and developing biotechnology products and services. As a result Chile is becoming an attractive venue for development and innovation.CORFO takes pride in introducing the new and exiting opportunities that are available in Chile within the emerging biotechnology and life science sector. This directory will help you become familiar with the Biotech lndustry in Chile, its players and also will help you get a better understanding on how the Chilean Covernment encourages foreign R&D investment and its particular interest in promoting investments targeted at developing the pharmaceutical clinical trials sector.CORFO invites you to do business with Chilean companies. Besides their highest levels of reliability and competitiveness andtheir highly skilled labor force, you will also find that Chile offers a very stable and safe environment for your business.