IBRD Loan: US$30 million
TERMS: Maturity = 5.5 years; Grace = 3.5 years
Project Description: This project aims to enhance Chile’s policy and institutional innovation framework for competitiveness and improve the impact of priority innovation programs. More specifically, the project’s objective is: (i) to strengthen the Ministry of Economy’s capacity on innovation and ensure its coherence with other policies for competitiveness; (ii) strengthen the National Commission For Scientific And Technological Research (CONICYT) and improve the coherence, quality and relevance of research funding policy in Chile; and (iii)stimulate technology transfer and the creation of new technology based enterprises through the Chilean Development Agency (Corporation for the Promotion of Production).
