Services - June 2007

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Following up on a successful Boston and New York City media tour in October 2006, ProChile, the Trade Commission of Chile, is again partnering with CORFO, Chile’s Economic Development Agency, to conduct a media tour that raises the profile of Chile’s technology market as a venue for foreign direct investment (FDI) in shared services, IT development, technical support, and repair and assembly facilities.

Below please find information on the June 2007 Media Tour, news about Chile’s participation in Bio 2007 International Convention and The Americas Competitiveness Forum, and the coming conference, Chile: Your Nearshore Destination for IT and BPO.

We look forward to keeping you informed about investment and technology opportunities in Chile.

Kind Regards,

Juan A. Somavia
Trade Commissioner of Chile in New York
ProChile New York
info@prochile.us

Table of Contents

Atlanta and San Francisco Media Tour
Recent Events
Upcoming Events
Fast Facts
Contact Us

Atlanta and San Francisco Media Tour

During the week of June 11, ProChile and CORFO will conduct a tour targeting top-tier business and technology media and analysts in Atlanta and San Francisco. Much like the October tour in Boston and New York, the purpose of the tour is to publicize Chile’s value proposition to North American multinational corporations (MNCs), while positively positioning the Latin American market within the global shared services industry and Chile within the Latin American market. During the tour, Constanza Donoso, investment official with CORFO, will be joined in San Francisco by Viviana Araneda, the Trade Commissioner of Chile in Los Angeles. We will provide a recap of the tour in our next newsletter so stay tuned!

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Recent Events

Bio 2007 International Convention
May 6-9, 2007, Boston

Chile’s Economic Development Agency (CORFO) was active at the Bio 2007 International Convention, the world's largest event for the biotechnology industry. The Chilean delegation was lead by CORFO’s Executive Vice-president, Mr. Carlos Alvarez, along with 25 biotech companies and 4 tech centers. In the context of CORFO’s program “Invest Chile” the objective was to promote and attract foreign investment in the Chilean biotechnology sector, as well as to publicize a new directory of the industry in Chile.

The BIO 2007 International Convention drew a record of 22,366 attendees, with representatives from 48 states and 64 countries. The BIO Exhibition featured the largest gathering of biotech exhibitors in history, with more than 1,900 companies and 60 domestic, country and regional pavilions representing every aspect of the biotechnology industry.

The event is organized by the Biotechnology Industry Organization (BIO) - of which CORFO is currently a member - representing more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and 31 other nations. BIO members are involved in the research and development of healthcare, agricultural, industrial, and environmental biotechnology products. For more information on Chile’s biotechnology industry please visit http://www.corfo.cl/biotechnology/index.html.

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Upcoming Events

The Americas Competitiveness Forum
June 11-12, 2007, Atlanta

United States Secretary of Commerce Carlos Gutierrez will be hosting the inaugural Americas Competitiveness Forum (ACF) from June 11-12, 2007, in Atlanta, Georgia. The ACF is a two-day conference designed to inspire and educate the 500 international leaders who will attend this groundbreaking and innovative forum.

The ACF is a venue for Western Hemisphere economic and education ministers, business executives, academics, and non-profit leaders to meet, be heard and network. It provides an opportunity to explore cutting edge ideas and best practices in several key areas of competitiveness. The ACF’s main tracks are: sparking and sustaining innovation, creating solutions in education and workforce development, designing successful global supply chain strategies, and fostering small business development and growth.

Chile will be represented by Mr. Alejandro Ferreiro, Minister of Economy; Mr. Carlos Alvarez, Executive Vice-president of CORFO; Mr. Oscar Guillermo Garretón, President of Fundación Chile; and Chile’s Ambassador to the US, Mr. Mariano Fernández, among other highly distinguished government officials. Other confirmed government delegates include the US Secretary of the Treasury, Argentina’s Minister of Economy, Canada’s Minister of Industry, Mexico’s Minister of Economy, Nicaragua’s Vice-president, and many others.
 

Chile: Your Nearshore Destination for IT and BPO
June 14, 2007, San Francisco
June 19, 2007, San Diego

Chile’s Economic Development Agency (CORFO) will be hosting an international workshop designed to give multinational corporations (MNCs) a comprehensive overview of Chile as a competitive destination for IT and services investments. Attendees will hear from North American MNCs - including Oracle, Synopsys and Yahoo! - about their experiences of conducting business in Chile and the results of their investments in software and IT development, shared services, R&D and other areas. Attendees will also hear about the Chilean Government’s grants and the latest trends in IT services in Latin America from leading research firms, IDC and neoIT.

Mr. Carlos Alvarez, Executive Vice-president of CORFO, and Mr. Raúl Rivera, Director of Pro-Innovation Forum will lead the workshop.

For more information or to register for either date, please contact registersv@investchileprogram.com or 408-956-1699.

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Fast Facts

Chile Continues to be Ranked as a Top Latin American Location for Outsourcing

- Chile scored 7th among 50 global destinations in A.T. Kearney's recent "Global Service Location Index 2007"

- In the March 2007 World Economic Forum report, "Global Information Technology Report 2006-2007," Chile was the highest ranked Latin American country for its superior technology infrastructure, general business environment, and availability of services

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Contact Us

Please feel free to contact Constanza Donoso at hightechchile@corfo.cl with questions about Chile as an investment location for shared services, IT development, technical support, and repair and assembly facilities.

About ProChile

ProChile, the Trade Commission of Chile, is part of the General Directorate of International Economic Affairs of Chile’s Ministry of Foreign Affairs. It is responsible for implementing and enhancing Chile’s trade policy. ProChile’s mission is to provide support to small and medium-sized enterprises, helping to encourage and diversify exports of Chilean products and services by increasing the number of export markets and companies. It does so by providing the necessary tools to aid Chile’s economy in its process of going international. ProChile’s Trade Offices and Agencies are located in over 35 countries, covering 90 percent of the destination markets for Chilean exports. For more information please visit www.chileinfo.com or www.prochile.us, or email info@prochile.us.

ProChile Los Angeles
Trade Commissioner: Viviana Araneda
6100 Wilshire Blvd. Suite 1260
Los Angeles, CA 90048
T: (323) 932 7200
F: (323) 932 7204
E: info@prochilela.com

ProChile Miami
Trade Commissioner: Cecilia Arroyo
800 Brickell Avenue, Suite 900
Miami, Florida 33131
T: (305) 374 0697
F: (305) 374 4270
E: info@prochilemiami.org

ProChile New York
Trade Commissioner: Juan Somavia
866 United Nations Plaza, Suite 603
New York, NY 10017
T: (212) 207 3266
F: (212) 207 3649
E: info@prochile.us

ProChile Washington
Trade Commissioner: Rolando Ortega
1732 Massachusetts Avenue, NW
Washington, D.C. 20036
T: (202) 530 4143
F: (202) 659 3220
E: prochile@embassyofchile.org


About CORFO

Founded in 1939, the Chilean Economic Development Agency (CORFO) is responsible for promoting national economic growth. CORFO administers a variety of programs aimed at generating growth throughout Chile's industries and offers a number of tools for doing so. Its main working areas are quality and productivity, innovation, financing and investment promotion. To date, CORFO has provided support to more than 55,000 businesses and almost 75,000 projects. For more information, please visit www.hightechchile.com.

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