Corfo and the government of Malaysia join forces to emulate Start-Up Chile in the Asian country


Santiago, November 19th 2014.- During the visit of a delegation from Malaysia in Chile, the Minister of Finance, Tan Sri Dr Mohd Irwan Abdullah Serigar signed a collaboration agreement with Eduardo Bitrán, Executive Vice President of CORFO, aiming to share experiences and promote knowledge about entrepreneurship and innovation.

Among the agreements, there is an exchange program to learn about the ecosystems in both countries, where executives and startups from both programs will have access to Asian and Latin American markets to continue learning and development new policies.

This cooperation agreement was signed after a few months of work by Start-Up Chile executives and MaGIC (Malaysian Global Innovation & Creativity Center), the government organization for entrepreneurship in Malaysia, to help them develop a similar initiative in their country. Another topic that is included in the agreement, is the exchange of methodologies, best practices and learning from Start-Up Chile and MaGIC.

“This agreement was signed to support what they held in their country, which will spread abroad the good things that Chile makes. This generates indirect effects such as investment opportunities and good diplomatic relations. What Corfo and Start-Up Chile are doing, is helping the world with a very valuable learning experience.” said Eduardo Bitrán, Executive Vice President of CORFO, after signing the document.

The Malaysian delegation had meetings not only with the program and CORFO executives, but also with different stakeholders of the Chilean entrepreneurial ecosystem, including Social Lab, Fundación Chile, Asech, Nazca Ventures, iF and Santiago Maker Space, among others.