Established in 1939, the Chilean economic development agency, Corporación de Fomento de la Producción de Chile (Corfo), aims to optimize the use of resources, support technological innovation and entrepreneurship in productive enterprises, and support productive investment, including financing higher education studies. Managed by an executive team, CORFO is dedicated to promoting entrepreneurship, innovation, and growth in Chile, with the vision of becoming a world-class agency that generates more opportunities for all Chileans. Its mission is to improve Chile's productivity and achieve globally competitive leadership positions.