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