Fundacin Chile Essay Example | Topics and Well Written Essays - 1250 words

Fundacin chile - Essay ExampleIn 1997 Dr. Eduardo Bitran faux the office as general director of Fundacin Chile. He faced the difficult task of administering the institution, which was constituted as a private non-profit institution with 50% bow ownership. One of the most innovational mechanisms that the foundation used, rum in Chile and probably in Latin America, was to create new businesses as a briny means to diffuse and permute technology. Dr. Bitran played a major role in Chiles frugal development. , Chile had managed to keep to its course and to maintain vexth and stability amidst enormous turbulence, in a period of economic decline that had affected all of Latin America. Recognition of the importance of new knowledge as the make of future businesses was gaining importance and Venture capital funds became the focus. Local innovation clusters were formed around the wine-colored and salmon industries, and specialized fruit production was beginning to reveal the benefits o f biotechnology and sophisticated production methods. ready challenge for Dr. Bitran was to identify the path and direction for Fundacin Chile. His main challenge would be administer the institution to present social benefits, as required by the mission entrusted to it as a quasi-public entity, while at the aforesaid(prenominal) time acting as a private business to obtain the necessary resources that would permit it to grow and develop. Fundacin Chiles promoted innovation and technology transfer emphasizing agribusiness, forestry and oceanic resources. It followed several modalities like demonstration businesses, technology transfer groups, training and diffusion, and providing services such as consulting to quality control. Chile encouraged the participation from its associates and strategic consort both national and international financing originating from the private sector was diminishing with time, while that obtained through state grants increased. Financing provided by s ales of services to the public sector had not changed for several years. Fundacin Chile, besides creating innovative business and developing the programs mentioned, began to develop financial innovations for the national market. The institution sought, with these innovations, to more efficiently mobilize savings for investment in the sectors in which Fundacin worked. The foundation also created a venture capital fund for regional investments in medium-size growth businesses and new projects. Besides these venture capital funds, the foundation also fulfilled a seed financing role for innovative projects originating within the institution. Fundacin Chile was structured in four sectoral directorates agro-industry, marine resources, secondary wood products, and forestry. The operational model was re-defined to distinguish and specify the concepts of technological centre, business units, companies and endowment management, establishing differences in objectives and in plans of management and interaction among the