The Innova Region – Women-Led Companies program, promoted by the Production Promotion Corporation (CORFO), represents a significant opportunity for entrepreneurial women in Chile seeking financing for their projects. This fund offers a subsidy of up to $67.5 million for business projects led by women, encouraging their participation in the business field. The objective of this financial aid is to close gender gaps in access to resources and promote equal opportunities in the business world, supporting women on their path to economic autonomy.
To apply for this background of CORFO, there are two basic requirements that interested parties must meet. First of all, the applicant is required to be a legal entity incorporated in Chile with a company run by women or a natural person of the female gender, according to their sex and registered name, who is of legal age.
In addition, companies applying for subsidy They must have at least 24 months of activity in a first-class business line, in accordance with the provisions of the Income Tax Law. It is also requested to demonstrate income from sales in the two years prior to the application, although it is not necessary for this income to be continuous each month. In this way, the fund focuses on companies that have achieved a certain stability and seek to grow sustainably.
The financing Maximum of $67.5 million varies depending on the size of the company and its annual sales level. Micro and small businesses, with income of up to 25,000 UF per year, can receive up to 90% of the total project cost. Medium-sized companies, with sales between 25,000 UF and 100,000 UF, can obtain up to 70% financing, while large companies, with income greater than 100,000 UF, can cover up to 50% of the costs.
Applications for this fund are completely digital and are open until December 3rd. The process is carried out through the website of CORFOwhere interested parties can log in using their Google account, LinkedIn or email. On the site you must follow the instructions to complete the application, making sure you meet all the requirements and documents necessary to be eligible for financing.
