Chile leads South America as an region trying to change the world through innovation rather than revolution.

If a country’s interest in innovation can be gauged by the ease of findingout its programmes and venturing ecosystem then Chile would be near the top of the world.

The country certainly has high hopes. As Juan Fontaine, Chile’s Minister of Economy, put it: "Instead of changing the world through revolution, we can change the world through innovation."

Chile has provided $350m of subsidies to the estimated 10 venture capital funds, five angel networks and more than 20 incubators and…