# Corfo

Corfo is a Government / Public Body based in Santiago, Chile.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Santiago, Chile
- **Region:** Latin America
- **Address:** Santiago, Santiago Metropolitan Region, Chile
- **Founded:** 1939
- **Assets under management:** Undisclosed
- **Website:** corfo.cl
- **LinkedIn:** https://www.linkedin.com/company/corfo

## Regulatory record

- **Reports private funds:** No

## About

CORFO is a public-sector organization promoting entrepreneurship, innovation, and growth in Chile. It uses tools and instruments within a social market economy framework. CORFO has made 32 investments, including a January 20, 2025, grant to Rocketbot.

## Sectors

- ClimateTech
- Energy Transition & Renewables
- AgriTech & FoodTech
- Mobility & Transportation
- Enterprise Software

## People

- José Miguel Benavente — Executive Vice President

## Questions

### Is Corfo a direct investor in startups or an LP in venture funds?

Corfo does both, through separated internal programs. As an LP, it anchors Chilean venture capital funds with cornerstone commitments, having backed managers like Aurus and Fen Ventures. Through Start-Up Chile and grant-based initiatives, it also deploys direct, non-dilutive capital to pre-seed and seed-stage companies operating within Chile.

### Which sectors does Corfo explicitly prioritize for venture investment?

Corfo's mandate prioritizes sectors aligned with Chile's national economic strategy. These include climate adaptation, renewable energy, lithium and green hydrogen value chains, agri-tech, and enterprise software. Generalist FinTech and marketplace models also fall within its broader innovation remit.

### What is the governance structure for Corfo's investment decisions?

Final investment authority rests with the Executive Vice President, currently José Miguel Benavente. The agency operates under a governing council whose members are appointed by Chile's Ministry of Economy. This structure ensures public-accountability oversight for all LP commitments and grant allocations.

### How does Corfo differ from a Chilean sovereign wealth fund?

Corfo is a development agency, not a sovereign wealth fund. Its primary mandate is measured by economic development outcomes — job creation, export diversification, domestic innovation — rather than by maximizing long-term portfolio IRRs on a pool of commodity savings. Its capital is allocated from the annual national budget, not a permanent endowment.

## Related profiles

- [Corebridge Financial](https://altss.com/profile/corebridge-financial)
- [Corinthian Wealth Management](https://altss.com/profile/corinthian-wealth-management)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/corfo

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology