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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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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 […]
Sebastián Díaz steps down as Start-Up Chile’s Director, but why?
Contxto – Start-Up (SUP) Chile, a major government-funded accelerator, raised a lot of eyebrows last week. The SUP’s overseeing body, the Corporation for the Promotion of Production or Corfo, announced its request that the accelerator’s Director, Sebastián Díaz, step down from his role as head of the organization. While no details were provided as to […]
Top 11 startups in Chile to keep track of in 2020
Contxto – “Small but spicy”, says a famous turn of phrase. And so, it is fitting that a little while after my last post about my go-to choices for Mexican startups to keep an eye on, here’s my take on startups in Chile—the spiciest medium-sized player on the Latam innovation and technology scene. Indeed, these […]
Chilean healthtech marketplace, QuePlan, announces expansion to Peru and Colombia
Contxto – The fit young things—or struggling founders—reading this site might not even have health insurance, but I think it is rather well-known that getting your hands on it can be a pain in the neck at the best of times. Therefore, the recent announcement by one of the founders of QuePlan.cl—a Chilean healthtech insurance […]