CORFO | Chilean Economic Development Agency
Government AdministrationSantiago Metropolitan, Chile1001-5000 Employees
CORFO is a Chilean public-sector agency focused on fostering entrepreneurship, innovation, and growth across the economy. It operates within the framework of Chile’s social market economy, aiming to create conditions that expand opportunity and enhance productivity. Based in Santiago, in the Santiago Metropolitan region, the agency is a significant part of the government’s administration and seeks to position Chile with globally competitive leadership through support for new ventures and innovative activity. Its remit covers promoting entrepreneurship and competitiveness to broaden opportunities for Chileans. In pursuing these aims, CORFO works to develop a climate where businesses can adopt innovative approaches across sectors. The organization engages with a broad range of industries to advance entrepreneurship and competitiveness, addressing productivity gaps and building new capabilities. It has run programs spanning energy transition and advanced materials, including schemes related to hydrogen and calls for specialized producers in lithium-related sectors. These initiatives connect policy tools to practical capacity building, helping Chilean firms and workers access new opportunities. A notable recent development is the January 2026 launch of the Industrial Rings scheme, part of CORFO’s ongoing hydrogen sector agenda.
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