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Chile Joins EUREKA!

Chilean companies will soon gain more access to international markets with EUREKA. In an agreement signed today in Madrid by the Chilean Minister of Economy Luis Felipe Cespedes and the Spanish Minister of Economy and Competitiveness, Luis de Guindos. CORFO was designated as the National Project Office for Chile.

“Innovation has to be a big factor for the growth for Chilean companies. Our government’s top priority is the economy-creating jobs and growths and we are confident that EUREKA Network will be a tremendous opportunity to increase the role of innovation in Chile” said the Chilean Minister for Economy Development and Tourism Luis Felipe Cespedes.

“Today Chile became the first Latin American country to join EUREKA, the biggest innovation network in Europe” tweeted Chilean President, Michele Bachelet.

EUREKA focuses on coordinating existing national funding for industrial innovation. For small and medium-sized enterprises, the NRC Industrial Research Assistance Program will play a key role in advising, partnering and supporting companies, as well as providing funding where appropriate. The goal is to secure networking opportunities between Canadian and EUREKA firms, to develop joint research and development projects, and gain access to international markets.

"The EUREKA Initiative welcomes Chile as an Associate country," said Luis de Guindos, Spanish Minister of Economy and Competitiveness who signed the Asssociation Agreement, echoed by all EUREKA Ministers and representatives. "We expect this association will result in the development of mutually beneficial, innovative R&D projects and will strengthen the competitiveness of both European and Chilean economies."

CORFO, Chile’s EUREKA National Office will provide Chilean innovators with a single contact point for EUREKA. Through its network of partners, CORFO will facilitate the start-up and operation of EUREKA projects and lead companies through their next stages of development. Once a project is approved, the internationally recognised EUREKA label adds value by endowing participants with a competitive edge in their dealings with financial, technical and commercial partners.

EUREKA's market-driven, business-led industrial R&D projects bring together participants from governments, industry, research institutes and universities to develop innovative products and services with tangible results and visible benefits. 

Raising the productivity and competitiveness of European businesses through technology. Boosting national economies on the international market, and strengthening the basis for sustainable prosperity and employment.