MIT REAP Team Santiago’s regional focus is on Santiago with a goal to lead impact in broader Chile. The team has representatives from all stakeholder groups, including Universidad de Chile, National Council of Innovation for Development, Inversur Capital, and Fundación Chile (FCH).

Team Members

University
Government
Corporate
Risk Capital
Entrepreneur

Innovation Ecosystem Stakeholder Model

Juan Velasquez
Champion
Director of "Una Nueva Ingenieria para el 2030", Universidad de Chile
Jaime Alvarez
Research Manager, National Council of Innovation for Development
Sebastián Carmona
Director of Innovation, CODELCO
Jonathan Castillo
Managing Director, ALTA LEY (Strategic Program in Mining)
Nils Galdo
General Partner, Inversur Capital
Aldo Labra
Co-Founder and CEO, INNOVAXXION
Claudio Maggi
Head of Competitive Development, CORFO (National Agency for Development)
Pilar Parada
CEO, Biosigma
Andrés Pesce
Head of Business and Companies, Chile Foundation (FCH)
Gonzalo Rivas
President, CNID (National Council of Innovation for Development)
Yuly Fuentes
Executive Director Chile Massachusetts Alliance, Ministry of Foreign Affairs of Chile
Mauro Valdes
President, ALTA LEY (Strategic Program in Mining)
Marcos Kulka
CEO, Chile Foundation (FCH)
Paulina Calfucoy
Researcher, Universidad de Chile
Marcelo Vasquez
CEO and Founder, The Canvas Group

Team Strategy

  • Challenge & Opportunity:
  • Strategy & Action:
  • Region of focus: Santiago Region, Chile with a goal to lead impact in broader Chile
  • Comparative advantage:
    • Santiago has a strong mining community and related mining/ industrial talent.
  • Core Challenges:
    • Large socioeconomic divides.
    • Corporates don’ value local iCap with short term views on public-private cooperation
    • Economy largely dependent on mining.
    • Overcoming weak linkages between universities and innovation driven mining suppliers
    • Insufficientefunding for scaling startups
  • Stakeholder Insight:
    • Team is diverse and engaged; representatives from all stakeholder groups.
  • Will be updated once the team graduates from the program.
  • REAP Strategy:
    • Focused on the mining industry; encouraging industry to get involved with local technological innovation around mining rather than purchasing technology developed elsewhere.
    • Focusing on inclusive innovation and entrepreneurship is important in order to bridge the gaps between socioeconomic groups of people.
    • Fully engaging local mining companies to take part in development of strategy and tackle core challenges to the industry using open innovation programs
  • Potential future MWB:
    • Implement open innovation program linking entrepreneurs to mining companies and related suppliers
    • Engage the mining industry through an alliance program that ties together mining industry, its suppliers and other stakeholders
  • Metrics:
    • Mertic tons of copper mined
    • Mining suppliers’ exports (goods and services)
    • Number of mining suppliers (currently 65 firms)

 

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Core Regional Metrics

Economic & Social Progress

Social progress and economic prosperity as a collective measure of development in a region.

Innovation-Driven Entrepreneurial Ecosystem

Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.

Innovation Capacity

Ability to develop new to the world innovations from inception through to the market.

EXPAND ALL

Demand

-Nature of established companies in region

Funding

-Funding for research
-Government programs

People

-Pool of innovators
-Education in tech and commercialization

Performance

Policy

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Entrepreneurial Capacity

Ability to start and build new to the world businesses from inception to maturity.

EXPAND ALL

Policy

-New business creation policy
-Business law and business policy

Demand

-Government, corporate and consumer demand for new products and services

People

-Pool of entrepreneurs
-Quality of entrepreneurial education

Performance

Coming soon!

Funding

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Team News

March 22, 2016

Director of the Martin Trust Center for MIT Entrepreneurship met with Start-Up ChileFundación Chile and MIT REAP Santiago Team

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March 21, 2016

MIT REAP Team Santiago works to improve technology driven entrepreneurship in mining

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December 19, 2016

MIT e Ingeniería de la U. de Chile realizan evento “top” en innovación minera

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January 5, 2017

Entrepreneurs Of The World, Unite! Conversation with Mauricio Contreras, Chilean Entrepreneur

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