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).
Innovation Ecosystem Stakeholder Model
Champion Director of "Una Nueva Ingenieria para el 2030", Universidad de Chile
Champion Head of Corporation Innovation
Research Manager, National Council of Innovation for Development
Director of Innovation, CODELCO
Managing Director, ALTA LEY (Strategic Program in Mining)
General Partner, Inversur Capital
Co-Founder and CEO, INNOVAXXION
Head of Competitive Development, CORFO (National Agency for Development)
Head of Business and Companies, Chile Foundation (FCH)
President, CNID (National Council of Innovation for Development)
Executive Director Chile Massachusetts Alliance, Ministry of Foreign Affairs of Chile
President, ALTA LEY (Strategic Program in Mining)
CEO, Chile Foundation (FCH)
Researcher, Universidad de Chile
CEO and Founder, The Canvas Group
Challenge & Opportunity:
Strategy & Action:
Region of focus: Santiago Region, Chile with a goal to lead impact in broader Chile
Santiago has a strong mining community and related mining/ industrial talent.
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
Team is diverse and engaged; representatives from all stakeholder groups.
Will be updated once the team graduates from the program.
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
Mertic tons of copper mined
Mining suppliers’ exports (goods and services)
Number of mining suppliers (currently 65 firms)
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.
Ability to develop new to the world innovations from inception through to the market.
-Nature of established companies in region
-Funding for research
-Pool of innovators
-Education in tech and commercialization
Culture & Community
Ability to start and build new to the world businesses from inception to maturity.
-New business creation policy
-Business law and business policy
-Government, corporate and consumer demand for new products and services
-Pool of entrepreneurs
-Quality of entrepreneurial education
Culture & Community
March 22, 2016
Director of the Martin Trust Center for MIT Entrepreneurship met with Start-Up ChileFundación Chile and MIT REAP Santiago Team