Chile’s push to become a hub of entrepreneurial and technological innovation is set to receive a jump start in 2012, as a group of promising entrepreneurs enters an intensive month-long immersion course in Silicon Valley.
Five venture teams were selected to participate in the program from information technology, energy, and biotechnology research labs at Chile’s top universities.
The teams are working on a range of projects that include cancer diagnosis technology, minimally invasive surgical devices, and technology for monitoring the quality of agricultural exports.
Each team was selected on their ability to meet important market needs, create value, and display passion about innovation and success.
The Chilean entrepreneurs will undergo the intensive one-month SRI Venture-Readiness Program at SRI International, a nonprofit research and development organization that collaborates with governments, businesses and foundations.
“We warmly welcome this group of Chilean entrepreneurs to SRI as they embark on an important step in their efforts to commercialize their visions on the global stage,” said Stephen Ciesinski, SRI vice president of Strategic Business Initiatives. “We will work with each team to develop components needed for market readiness and help them tap into the vibrant Silicon Valley ecosystem.”
The entrepreneurs are participating in a government initiative by Chile’s agency for business development and innovation, CORFO. The program, called De la Idea al Mercado: Go to Market, provides training opportunities for up-and-coming entrepreneurs and venture projects.
The teams will have the opportunity to convert their projects into commercial success stories by establishing relationships with experts at SRI and in the high-tech hub of Silicon Valley.
“We truly believe SRI’s Venture Readiness Program will add value to the teams and contribute to their success,” said Thierry de Saint Pierre, head of the Tech Transfer department at CORFO.