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CORFO is a public-sector organization dedicated to promoting entrepreneurship, innovation and growth in Chile, using tools and instruments compatible with the central framework of a social market economy, creating the conditions necessary to build a society of opportunity.
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1,000 Chile SMEs get aid. What’s the best Latam country to be a Covid-era startup?
Contxto – In Chile, Corfo, ACHS, and the startup Burn to Give have partnered to provide a aid to small and medium-sized enterprises (SMEs) struggling to help their own struggling workers during Covid-19. The pandemic recession is hitting countries hard, and the smallest and weakest the hardest. This is both in terms of working folks as […]
Rayo wants to rally US$2.3 million to consolidate logistics ops in Mexico and Chile
Contxto – E-commerce growth is putting the pressure on logistics efforts. And Latin America has plenty of startups that are eager to rise to the challenge. But they can’t always boostrap their way through—sometimes external funding is needed. To that end, Rayo opened an investment round for US$2.3 million this month. It’s not the logistics […]
Foodtech from Chile (beta)
Contxto – Readers of this site will by now know that more than a few of us are fans of Chile’s preeminent foodtech, NotCo. But there is a good reason for why the company was born in Chile. Foodtech in Chile has a leg up on a lot of the competition. Remember, foodtech isn’t your […]
Million-dollar investment in AgroUrbana moving agriculture from rural areas to cities
Contxto – Vertical agricultural pioneer in Latin America, AgroUrbana, has scored about one million dollars to close the loop on the food supply chain: distribution and commercialization. They will also use the cash to optimize their tech and expand their operations. The round was led by CLIN Fund. But don’t be fooled, behind this polished […]
Corfo favors lending fintechs with latest announcement
Contxto – Corfo—Chile’s economic development agency—is giving fintechs a fighting chance. A couple of weeks ago, authorities had announced the launch of its “Growth Guarantee Fund” (Fondo Crece). This fund will consist of US$150 million that would serve to back loans that financial institutions grant to small and medium-sized enterprises (SMEs) in Chile. At the […]
Chilean government will finance science startups with up to US$272,000
Contxto – Chile’s Corfo—a government agency commonly known for investing in startups—wants founders to unleash their scientific side. And what better way than through funding? On Monday (25), it and the Chilean Ministry of Science announced the launch of their “Startup Ciencia” program. As the name (glaringly) suggests, officials are looking for startups with a […]
Good news (for a change) VC investing in Chile tripled
Contxto – Now more than ever bad news seems to be the bread and butter for everyone. So how about a nice change of pace? In Chile, it looks like venture capital (VC) funding backed by the Corfo—a government agency for economic growth—was higher in February and March of this year compared to this same […]
Los Underdogs. Questioning the status quo of innovation in Latin America
Today we had our Morning Coffee with Bruna Paese, Founder of Iubi Contxto – My fascination with Latin America started very early in my life. It’s not a daily occurrence for a Brazilian girl to declare herself to be a Latina. There was a time in my teenage life when I hung a Chile-to-Mexico map […]
Meet Platanus Ventures, Chile’s newest incubator. It is picky as f…
Contxto – It is about time for the masters to pass on knowledge to the students. Despite the current market conditions, some’s mission to keep improving remains unchanged. Chilean software agency, Platanus, partnered with fintechs Buda and Fintual, along with digital media, Vaso Medio Lleno to launch a new initiative for those who are just […]
Corporate Venturing in Latam: more theater than actual stake
This week we had our Morning Coffee with Claudio Barahona, the Open Innovation Manager of Movistar Chile and leader in Wayra. Contxto – While practically everybody around the world is currently at home, working remotely as a precaution due to the coronavirus, we are amazed to realize how globalized everything actually is. A virus expands […]