Strategies to capture biotechnology opportunities in Chile Cristian Hernandez-Cuevas* Pablo D. T. Valenzuela *Corresponding author Keywords: business enhancer, consortium strategy, government, technology and industry.
Two complementary
strategies are proposed to help develop the biotechnology industry
in Chile. The objectives of such propositions are based on identifying
business opportunities, which can be transformed into biotechnology
projects that complement the competitive advantages of the most active
areas of the Chilean economy. As a result, the establishment of these
initiatives may create the proper business environment where good
information, investors’ safeguards and economic incentives would
be provided to encourage investors to support new biotechnology ventures
focused on mining, aquaculture, forestry, as well as wine and fruit
production. In addition, a complete description of the Chilean biotechnology
industry is provided. Amongst other characteristics, this report shows
that the industry lacks financial support from venture capital and
foreign investors, has a relatively modest proportion of highly qualified
employees that work in Research and Development, presents insufficient
patent productivity and is mostly regulated in terms of the use of
GMOs. |
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