Talent Network for Innovation Dublin, January 2009

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2 Talent Network for Innovation Dublin, January

3 OUTLINE OF PRESENTATION I. Chile and the Chilean diaspora II. ChileGlobal: A talent network for innovation III. ChileGlobal Angels 3

4 Chile in numbers Population size: (2008) Scale of Diaspora: (2004) GDP: (2007): $ billion (41st) GDP per capita: (2007): $9,884 (53rd) Gini: (2006): 54 HDI: (2006): (40th) 4

5 Global Competitiveness Indicators for Chile (rank out of 131 countries/economies analyzed) Source: The Global Competitiveness Report , World Economic Forum 5

6 Haga clic para Geographical cambiar el estilo distribution de títu of Chilean Diaspora Source: INE & Ministry of Foreign Affairs (2005) 6

7 Haga clic para Chilean cambiar emigrants el estilo de according títu to exit period ( ) Source: Solimano Andrés: Migraciones Internacionales en América Latina, Fondo de Cultura Económica, Santiago

8 Haga clic para cambiar Educational el estilo Level de títu of Chilean Diaspora Source: INE & Ministry of Foreign Affairs (2005) 8

9 Chile s strategy on Diaspora President Bachelet s Annual Speech, 21st of May of 2007 (..) Unfortunately there is another group of Chileans that is excluded [from the right to vote]. I mean Chileans that live abroad. (..) I gave them my word personally and I will keep it (..) Council of Innovation has set building an international networks for improving human capital as one of the main objectives of its strategy Networks as a new priority in Innovation Agenda 9

10 The Direction of Chilean Communities Abroad DICOEX State Agency (set up in 2000) Haga clic para cambiar el estilo de títu Proposes, coordinates and develops policies aiming at engaging Chilean nationals to the motherland. Promotes advancement of nationals human rights in their host countries. Promotes national identity preservation, as well as the inclusion of the Chileans abroad in the development of the country. 10

11 DICOEX (cont.) Permanent contact with the Chilean community abroad Defense of the Chilean community human and social rights Provide updated legal information, bilateral international agreements about migrations, validation of studies, degrees and titles Empower Chilean organizations abroad Enable the networking among Chileans abroad according to their areas of expertise Encourage national identity among communities Help improve the capacity of the Chilean associations abroad Coordinate the program Government in the field 11

12 Diaspora stakeholders in Chile Governmental DICOEX Embassies and consulates network Inter-ministry Committee for the Chilean Community Abroad ProChile Non-governmental ChileGlobal BIONEXA PymeGlobal ChileTodos 12

13 ChileGlobal s Objectives To help incorporate Chile to the knowledge economy To accelerate innovation process in a global economy To create and promote a mechanism of technology transfer and knowledge exchange, in order to increase network opportunities, access international advice and knowledge for the benefit of Chile 13

14 ChileGlobal Stakeholders on time 14

15 Phases of ChileGlobal Development 15

16 Public-private partnerships 16

17 Members Distribution 17

18 Results Internship program (February 2007) 10 students ROYAL Consumer Information products & CA Labs Mentoring program Biotechnology Technologies of information and communication (TIC) Support to public policies in innovation (CORFO- CONICYT, Imagen País y CNIC) Business development Contacts, investments ChileGlobal Angels 18

19 Lessons learned Restricted membership (quality vs. quantity) Permanent contact Committed and capable team of professionals Long term financial support Public-private partnership Communicate successful results Institutional insertion (Champion) In line with government priorities 19

20 Main challenges today Follow- up and evaluation systems Permanent communication Add value to all stakeholders Sustainability (public interest project versus private interest project) Angel Investment Network Chilean government incentives (CORFO) (70/30) Seeks to build-up an investment fund for innovative high growth potential companies. 20

21 Red de Talentos para la Innovación 21

22 Why? ChileGlobal Members National Environment Eager to develop new business ventures Looking for high return rates Mentor Chilean entrepreneurs Access to foreign capital and globalization capacities for entrepreneurial projects in early stages Fundacion Chile s expertise Corfo s financial tools 22

23 What is ChileGlobal Angels? Diaspora Network Innovation Focus on searching & matching opportunities From search networks to investment networks (Y. Kuznetzov) Based on paid membership and trust drawn from their own experience with ChileGlobal Operational areas: Search, select & matching Investment services Outreach and marketing Administration & operations Increases and complements capabilities of ChileGlobal 23

24 Where are we now? 13 members confirmed (5 ChileGlobal members) Formal application for CORFO s financial support Investment pipeline (18 opportunities) 24

25 25

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