The Chilean Economic Development Agency – CORFO is the agency of the Government of Chile, created in 1939 with the purpose of rebuilding and developing the country after the Chillán earthquake. It promotes productive growth through industrialization and the establishment of strategic enterprises in key sectors such as mining, energy, agriculture, and infrastructure
Corfo was tasked with promoting production—understood as the activity that seeks to generate economic value, employment, opportunities, and development for the country. Its greatest achievement was recognizing the need to build an industrial fabric in order to drive productivity beyond the prevailing productive structure.
Corfo upholds and safeguards that strategic vocation, understanding that its mission is to strengthen innovation, entrepreneurship, and productive transformation to address major challenges that will enable Chile to achieve sustainable, equitable, and regionally balanced development in an increasingly challenging global context.
Executive Vice President of Corfo
Corfo is a decentralized public agency, represented by its Executive Vice President. It has a Board chaired by the Minister of Economy, Development and Tourism, and composed of the Ministers of Finance, Agriculture, Foreign Affairs, Social Development, and Science, Technology, Knowledge and Innovation, along with two private advisors appointed by the President of the Republic, and the Executive Vice President of Corfo.
The Executive Vice President and their team lead Corfo’s representation in global forums and networks, establishing ties with development agencies from other countries, international financial institutions, and multilateral organizations.
focused on strengthening innovation, entrepreneurship, and productive transformation to address strategic challenges that will enable Chile to achieve sustainable, equitable, and regionally balanced development. The Corporation is financially sustainable, robust, and has a strong regional presence; it implements and/or coordinates productive development policies throughout the country and possesses medium- and long-term strategic analysis capabilities.
For the 2022–2026 period, Corfo has defined the following three strategic pillars:
In addition to these strategic pillars, three cross-cutting axes are incorporated: Sustainability, Gender, and Territorial Development, along with a dedicated line of work aimed at institutional strengthening.
However, there are other highly relevant initiatives, such as the Financial Support Program for the Development of the Green Hydrogen Industry in Chile, known as Facility H2V. Its objective is to drive the growth of Chile’s green hydrogen industry and contribute to the implementation of the National Green Hydrogen Strategy by fostering investment and development in this sector—thus promoting the country’s growth and sustainable economic and social development in the territories where productive activities are established.
Equally important is the Sustainable Productive Development Program (DPS), an initiative led by the Ministry of Economy, Development, and Tourism, supported by Corfo. It aims to accelerate Chile’s transition toward a more inclusive, diversified, and environmentally respectful growth model. Through the DPS, innovation, investment, and public-private collaboration are promoted to tackle sustainability challenges, fostering new productive opportunities—such as advancing the Green Hydrogen industry and the lithium market—that strengthen the country’s competitiveness and contribute to the well-being of people and territories.
Throughout its 86 years of existence, Corfo has played a strategic role in strengthening Chile’s entrepreneurship and innovation ecosystem, supporting SMEs and companies with high-impact projects. Through programs such as Start-Up Chile and a broad network of support instruments, Corfo has fostered the emergence of startups and innovative companies that today contribute to the country’s productive and technological development.
Its work is not only focused on financing but also on connecting public and private actors, incubators, accelerators, and universities—creating an environment conducive to innovation and growth.
Moreover, Corfo’s role extends beyond the national scope, as it also supports projects with an international outlook through programs and incentives aimed at foreign companies and entrepreneurs interested in operating or investing in Chile.
