SUTAINABLE EcoNOMIC RECOVERY:
Our Emphasis 2021
Fundación Chile is committed to contribute with Chile’s reactivation focusing on sustainable development.
We are going through complex times of uncertainty and permanent changes that challenge us to review the paradigms that so far have prevailed. We must act urgently to create a better, more resilient and equitable future, conductive to a greater wellbeing of our society.
We are committed to working towards a sustainable and inclusive recovery of Chile. We understand sustainability, human development, and entrepreneurship as critical pillars to reach Chile’s development.
OUR FOCUS 2021
MITIGATING SCHOOL DISPARITY
One of Fundación Chile’s main strategic driver is to mitigate the effects of the pandemic regarding educational disparity. The school gap has increased with the health crisis, generating a situation that the UN has described as an «educational emergency», calling for the implementation of inclusion policies for the most underprivileged. The prolonged suspension of in-person classes has had a profound impact on the school system: learning disruption, unequal access to classes, and dropouts.
In Chile, the 2020 school dropout rates consisted in over 186 thousand minors, between 5 and 21, who dropped out from the school system. Although this year the dropouts are lower than the worst projected scenario (39,498 children did not enroll in any school), the challenge is to reincorporate them and provide greater access for the ones that lack access to digital education.
The technical and vocational high school students’ is a similar case. They are unable to do their internships, as their learning process is cut short given their inability to reach companies that would take them in, or to more applied work in their particular specialties.
With our initiatives and our work in territorial networks, we seek to tackle said challenges by distributing resources, keeping solid relations with teachers, and working with technical-vocational high schools and their connection with companies.
To address climate change Fundación Chile actively works in three areas: energy transition, circular economy, and water resources.
We are one of the most affected countries by climate change. In the coming years, development will be limited in 80% of the basins of northern and central Chile, due to the lack of water availability. At FCh we are working to move forward towards a water transition, leveraged on collaborative efforts and a multi-sectoral dialogue. We are working on an institutional proposal at both national and territorial levels, and we will continue designing solutions to resolve the water crisis in the Maipo and Maule basins.
In Chile today, only 3.5% of electrical and electronic equipment is recycled, and just 4.5% of plastics. Fifty percent of the plastics we use are single-use plastics and it is estimated that by 2050 there will be more plastic in the oceans than fish. The current economic model of «extract, produce, waste» is reaching its limits, and the circular economy is the alternative.
To meet the carbon neutrality goal by 2050, it is essential to reduce drastically the use of fossil fuels by implementing energy efficiency and new sources of clean energy, such as green hydrogen.
From Fundación Chile, we will contribute with our initiatives to address these challenges, with a systemic and inclusive approach and with the participation of all stakeholders.
ENERGY TRANSITION INITIATIVES
CIRCULAR ECONOMY INITIATIVES
FUTURE OF WORK
The World Economic Forum estimates that 85 million jobs will be destroyed by 2025, but that 97 million new jobs will emerge as a result of a new balance in the distribution of work between humans, machines, and algorithms. In Chile, it is estimated that 2 million jobs are at risk as a result of automation and 1 million of these are at high risk.
This process has worsened with the global Covid-19 crisis. Fundación Chile responds to this pressing challenge through labor reconversion, training human capital of the future with the competences and skills demanded by the accelerated Digital Transformation, firmly believing that investing in people is the key for Chile’s development.
OPEN INNOVATION AND VENTURE CAPITAL
At FCh, we consider that having a robust open innovation and venture capital ecosystem has become a highly valuable asset for countries to address the triple local and global crisis we are now facing: health, economic, and social.
The ability to innovate that comes with open innovation is key for the sustainable reactivation and generation of jobs, in order to boost the companies’ productivity and competitiveness when faced with the threat posed by the fragmentation of global value chains.
One of the distinctive attributes of Fundación Chile’s model is that it has generated an in-house innovation ecosystem. It is the first open innovation platform in the country to promote the acceleration and dynamism of both the Chilean and the regional economy with all the components that Corporate Venturing demands as a service (open innovation programs, corporate scouting, management of disruptive challenges, corporate accelerator, network of angel investors, and Venture Capital funds) with a multi-industry experience and access to national and international networks.
This Platform is channeled through ChileGlobal Ventures and Expande, the Program for Open Innovation in Mining.