Corporación de Fomento de la Producción de Chile

CORFO is the Chilean government's economic development agency, founded in 1939. It supports entrepreneurship, innovation, and competitiveness by providing grants, loans, and guarantees. CORFO runs several programs, including the well-known accelerator Start-Up Chile, which provides equity-free funding to early-stage technology companies. It also plays a significant role in fostering the local venture capital ecosystem by acting as a limited partner (LP), providing credit lines to VC funds that invest in Chilean companies.