Chile brings together 26 universities and 12 science laboratories with a fund to centralise technology transfer with three hubs in the country.

Chile government-owned Production Development Corporation (Corfo) is supporting the creation of tech transfer hubs in the country to boost applied research with a $19m fund, according to University Herald News.

The hubs, named Andes Pacific Technology Access, Hubtec and Know Hub, will bring together 26 universities and 12 science laboratories, which are set to collaborate in order to increase the number of enterprises, patents filed and licences granted.

Details on how the $19m fund will be used have not yet been disclosed.

Claudina Uribe, innovation and technology transfer office director at Universidad de La Frontera, said that getting involved with Hubtec will enable small-scale institutions to transfer technologies which they would not have been able to before due to lack of funds.

Corfo was established in 1939 to promote economic growth in the country.