On Tuesday, April 7, the “Getting involved in R&D&I” webinar was held in order to establish a tax incentive for R&D investment which helps to boost the competitiveness of Chilean companies.
The activity was organized by Chilean economic development agency CORFO and Acción Empresas, an organization in which Viña Concha y Toro is a partner that brings together more than 130 companies dedicated to managing their businesses competitively and sustainably. The director of our Center for Research and Innovation, Gerard Casaubon, participated in the seminar, and had the opportunity to present best practices, advances and recommendations in the use and management of Chile’s research and development (R&D) law.
“It was an excellent opportunity to outline our Strategic Research and Development Plan 2016-2020 in the presence of major figures in Chilean R&D&I, as well as our experience in the development of projects under the research and development law, which has supported us since the CRI was founded in 2014”, said Casaubon.
Meanwhile, Isabel Salinas, CORFO R&D&I Promotion and Development Director, highlighted the importance of working collaboratively with other Chilean actors, in particular the CRI, which has made use of this law since it was enacted in 2012.
“We’re convinced that collaborative work and relationship building with those who possess expert knowledge can contribute to the development of innovative, highly sophisticated and differentiated solutions compared to what the competition can offer. Although the R&D law does not require the involvement of third parties to receive R&D tax benefits—that is, these benefits can be obtained for activities carried out entirely using the company’s own capabilities—without doubt the synergies that are generated through these relationships contribute to the creation of a virtuous cycle which strengthens the innovation capacity of Chilean companies”, she said.