Production Development Corporation / Corporación de Fomento de la Producción

Production Development Corporation (CORFO) (full name in Spanish: Corporación de Fomento de la Producción de Chile) is a Chilean governmental organization that was founded in 1939, by President Pedro Aguirre Cerda, to promote economic growth in Chile.

CORFO is a public-sector organization dedicated to promoting entrepreneurship, innovation and growth in Chile, using tools and instruments compatible with the central framework of a social market economy, creating the conditions necessary to build a society of opportunity.

Vision

To be a world-class agency promoting entrepreneurship and innovation, accelerating development and generating more opportunities for all Chileans.

Mission

To promote entrepreneurship, innovation and competitiveness with an eye to improving Chile’s productivity, and to achieve globally competitive leadership positions.