With the objective of enhancing the development of venture capital funds aimed at early stage tech start-ups, the following complementary programs are introduced:
to investment funds, in a 3:1 ratio between CORFO and private compromised resources.
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to the fund, which allows distributing proportionally the possible negative outcomes of the fund between the different inverstors.
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to the fund administrator, allowing to co-finance costs associated to the administration and acceleration of the start-up companies in the portfolio.
Find Out Moresubmit the respective application through CORFO Records Office, including:
The Unit of Investment of Corfo, together with the Legal Area, will conduct an evaluation of application, in the following phases:
The Venture Capital Committee (“CCR”, acronym in Spanish for Comité de Capital de Riesgo) decides the approval or rejection of the proposal made by the Investment Fund.
In case of approval, it shall be signed a Line of Credit Opening Contract with CORFO, prior to constitutional review by the General Comptroller Office of the Republic.
Chile is a safe and reliable place to do business. This is supported by the rating agencies, which have maintained our country risk rating high, highlighting its low level of public debt, a healthier financial system and its solid institutions.
+100 Seed Capital proposals per year Corfo Ecosystem
55 investments 50 benefited enterprises Total investment: USD 17.076.725
+6.228 jobs created +100M USD in sales of incubated companies +87M USD in raised private capital
+18.000 applications Raised capital: +120M USD Acquisitions: 14 entrepreneurships
