Special Interest Group
The Newton-Picarte Fund was officially launched in Chile in August 2014 through the signing of the Memorandum of Understanding between the UK Government, represented by Her Majesty’s Ambassador to Chile, Fiona Clouder, and the Chilean Ministry of Economy, Development and Tourism, represented by the Minister of Economy Luis Felipe Céspedes Cifuentes.The Newton-Picarte Fund is a joint fund of up to a total of £24 million over three years aimed to promote scientific research and innovation, in order to contribute to the economic development and social welfare of Chile. For more information please see here.Through the Newton-Picarte Fund there will be a call for Experimental Development projects in the three priority areas:
The support will be used for experimental development study projects in the above priority areas, bringing together businesses from Chile and the UK for the joint development of innovative products, processes or services that meet the particular challenges that Chile is facing in its growth and development trajectory. The support can also be used by UK and Chilean companies to assess the feasibility of UK-developed technology for the Chilean market and the potential commercial viability of the Chilean market.
There is a designated budget from CORFO, the Chilean funding agency and through InnovateUK, the UK funding agency, to support partners. The Chilean budget will be used to fund partners in Chile and the UK budget will be used to fund the UK SMEs in the project. More informationa available here.