Business Incubation in Chile: Development, Financing and Financial Services


  • Aruna Chandra Management, Information Systems and Business Education, Scott College of Business Indiana State University
  • Maria Alejandra Medrano Silva Management, Information Systems and Business Education, Scott College of Business Indiana State University



incubation in Chile, risk capital, new ventures, incubator financial services, incubator services, institutional theory, network theory


Business incubation in Chile is still in its nascent stages, with approximately 27 incubators supported primarily by a coalition of government and universities. Chilean business incubators tend to capitalize on regional resource strengths and have a strategic focus on high growth, high innovation, high impact businesses as a result of a government mandate to focus on developing business with high potential for economic development and job creation. The government’s efforts to create the framework conditions for entrepreneurship by investing in business incubators, organizing risk capital for early stage ventures to fill capital market gaps and support for angel networks as well as incubator funding are discussed. Policy implications for the continued growth of the incubation industry are provided.


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Author Biographies

Aruna Chandra, Management, Information Systems and Business Education, Scott College of Business Indiana State University

Aruna Chandra is a professor of management at Indiana State University, where she teaches international business, strategy and entrepreneurship. Her research interests focus on entrepreneurial framework conditions in emerging market contexts with the business incubator as the unit of analysis.

Maria Alejandra Medrano Silva, Management, Information Systems and Business Education, Scott College of Business Indiana State University

Maria Alejandra Medrano Silva is a graduate assistant at Indiana State University, where she is pursuing her master of Business Administration (MBA).


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How to Cite

Chandra, A., & Medrano Silva, M. A. (2012). Business Incubation in Chile: Development, Financing and Financial Services. Journal of Technology Management & Innovation, 7(2), 1–13.



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