Innovo USACH

Name

Innovo USACH

Legal name

Incubadora de Negocios INNOVO USACH

Website

https://innovo.usach.cl

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Business Incubation Services

NAICS

Educational Support Services (61171), Professional and Management Development Training (61143), Professional, Scientific, and Technical Services (54), Educational Support Services (611710)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH)

akta.pro secondary industries

Strategy & IT Advisory (BPAEAAAA), Technical Enablement & Adoption Services (Change Management, Adoption, Champions) (BPAEANAC)

Keywords

• Business incubation services
• University entrepreneurship programs
• Scientific-technological ventures
• Startup acceleration support
• Spin-off development

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Incubation Services: INNOVO provides free incubation services to beneficiaries of CORFO Semilla Inicia subsidies and supports program participants. The incubator operates as part of the university's Direction of Innovation and Entrepreneurship (DINEM) under the Vice-Rectory of Research, Innovation and Creation (VRIIC). Revenue appears to come from institutional funding, government programs, and strategic partnerships rather than direct client payments.
2. Program Administration: INNOVO administers government-funded programs including CORFO Semilla Inicia sponsorship, ANID VIU program support, and Exponencial spin-off program. These programs provide public funding that flows through the incubator to supported startups and covers operational costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Innovo USACH is a university-based business incubator providing structured incubation programs, pre-incubation support, and spin-off development services for scientific-technological and social impact ventures. It operates four core offerings: Despega Usach (student entrepreneurship competition), Exponencial (research-based spin-off creation program), direct Incubation Services, and Specialized Services, complemented by CORFO Semilla sponsorship and business training. Programs cover ideation through scaling, addressing commercialization gaps between university research and the market.

Product overview

INNOVO USACH is a university business incubator under the Dirección de Innovación y Emprendimiento (DINEM) of the Universidad de Santiago de Chile. Rather than offering a unified technology product, it provides a comprehensive ecosystem of incubation programs and services for scientific-technological entrepreneurship. The portfolio includes: Despega Usach (student entrepreneurship competition), Exponencial (spin-off creation program), direct incubation services, specialized consulting, CORFO sponsorship, and business training. The incubator supports startups across various stages from pre-incubation through scaling, with a focus on social impact and scientific innovation.

Differentiator

Problem solved

Functional benefit

Brands

• Despega Usach: Entrepreneurship competition for undergraduate and graduate students of USACH seeking to create innovative solutions to global challenges through science, technology and innovation with social impact.
• Exponencial

Products and services

• Despega Usach Annual entrepreneurship competition for undergraduate and graduate students of Universidad de Santiago de Chile that seeks to create concrete solutions to global challenges through science, technology, and innovation with social impact. Winners receive prototype funding of $3,000,000 ($3,500,000 for women-led projects).
• Exponencial USACH institutional initiative that accompanies research groups in creating scientific-technological base companies (EBCT) based on technologies developed at Universidad de Santiago de Chile, generating economic, social, and environmental impact. Operates with open enrollment, e-learning platform, and three-phase model (Propaga, Reactiva, Expansión). Has supported 25+ technologies and leveraged $1,200 million+ in financing since 2022.
• Incubation Services Direct incubation services for scientific-technological entrepreneurship projects, regardless of maturity stage, covering all dimensions of the incubation system including formation, capabilities, networking, financing, and business development. Supports startups from pre-incubation through scaling.
• Specialized Services Specialized services providing effective solutions for entrepreneurial needs, supporting projects through technical assistance and strategic guidance tailored to specific venture requirements.
• CORFO Sponsorship INNOVO serves as sponsor of CORFO Semilla Inicia projects, allowing beneficiaries to receive additional incubation benefits at no extra cost. This partnership enables the flow of public funding to early-stage ventures while INNOVO provides business development support.
• Business Training As a university incubator, INNOVO is committed to installing capabilities for the country's development through entrepreneurship education and training programs. Has trained over 3,500 entrepreneurs since inception.
• Smart City Expo Santiago Program Program focused on urban solutions addressing mobility, sustainability, governance, social equity, and innovation for city development. Validated 7 municipal pilots and strengthened 49 startups in its first version through Santiago Futuro initiative with 11 municipalities.

Quantifiable outcome

• 3,500+ entrepreneurs trained and 200+ startups created
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Eight partnerships are on record, tiered flagship, minor and core.

• Santiago FuturoflagshipStrategic or Co-development Partner · 1 January 2025Santiago Futuro is an initiative by Corfo Metropolitano and INNOVO together with 11 municipalities to connect startups with urban challenges. The program has validated 7 municipal pilots and strengthened 49 startups in its first version.
• ImpactaVCminorStrategic or Co-development Partner · 1 January 2023Strategic alliance for startup acceleration and investment connections, part of INNOVO's ecosystem strengthening efforts alongside Co-work Latam, ETM, AWS, and Flores y Acevedo Abogados.
• Co-work Latam Santa LucíaminorStrategic or Co-development Partner · 1 January 2023INNOVO's offices are located in Co-work Latam Santa Lucía, providing co-working space for entrepreneurs and hosting networking events.
• CORFOcoreStrategic or Co-development PartnerCORFO (Corporación de Fomento de la Producción) is a key government partner. INNOVO serves as sponsor for Semilla Inicia projects, allowing beneficiaries to receive free incubation services. This partnership enables the flow of public funding to early-stage ventures while INNOVO provides business development support.
• ANIDcoreStrategic or Co-development PartnerAgencia Nacional de Investigación y Desarrollo (ANID) partners with INNOVO to run programs like VIU (Valorización de la Investigación Universitaria) which provides up to $36,000,000 for student-founded ventures based on thesis work.
• VRIIC (Vice-rectoría de Investigación, Innovación y Creación)coreStrategic or Co-development PartnerINNOVO belongs to the Direction of Innovation and Entrepreneurship (DINEM) of the Vice-Rectory of Research, Innovation and Creation (VRIIC) at University of Santiago, providing institutional backing and access to university research capabilities.
• WOMminorChannel Partner/ Reseller/ DistributorPortfolio company Redciclach partnered with WOM for the CTRL+ALT DONAR campaign, combining telecommunications with environmental innovation.
• TottusminorChannel Partner/ Reseller/ DistributorPortfolio company Redciclach partnered with Tottus supermarket chain to promote recycling culture through smart container systems.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Socialab: Latin American social impact innovation platform. Comparable in supporting social and sustainable ventures with structured programs and competitions, sharing a similar mission to Innovo's social impact focus.
• OpenBeauchef (Universidad de Chile): University of Chile's innovation and entrepreneurship hub. Comparable as a public university incubator supporting science-based ventures, with programs from pre-incubation through spin-off creation, competing for the same Chilean university talent pool.
• INCUBATEC UDD / UDD Ventures: Universidad del Desarrollo's business incubator and venture fund. Directly comparable Chilean university incubator with a more developed venture capital arm, offering similar programs (pre-incubation, incubation) plus equity investment that Innovo lacks.
• Centro de Innovación UC Anacleto Angelini: Chilean university-based innovation and incubation hub at Pontificia Universidad Católica de Chile. Directly comparable as a leading Chilean university incubator supporting deep-tech and scientific-technological ventures with a structured pipeline of programs and corporate partners.
• 3IE (Universidad Católica del Norte): Chilean university incubator focused on scientific-technological ventures. Comparable as a regional university incubator that supports tech-based entrepreneurship with government program integration and corporate partnerships.

Regional players

• NESsT: Non-profit organization supporting social enterprises in Latin America. Comparable in mission and structure (non-profit supporting impact ventures), though focused on mature social enterprises rather than university spin-offs, operating across multiple LatAm countries.
• Magical Startups (Mexico): University-affiliated startup accelerator in Mexico. Comparable in supporting university-based entrepreneurship and government-funded programs, but serves a different geography (Mexico vs Chile) and is not a direct competitor.

Broad incumbents

• Founder Institute: Global pre-seed accelerator operating in multiple countries including Chile. Comparable in structured pre-incubation programs for early-stage founders, but operates as a broad incumbent with global footprint and equity-based model.
• Start-Up Chile: Chilean government-backed startup accelerator run by CORFO. Comparable in supporting early-stage founders and leveraging public funding, but operates at much larger scale and without a university research-commercialization focus, making it a broader incumbent in the same ecosystem.
• Wayra (Telefónica): Corporate accelerator of Telefónica operating across Latin America. Comparable in providing early-stage incubation and equity investment, but serves as a broad incumbent with corporate backing, deeper funding, and multi-country reach that Innovo lacks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/innovousach
• YouTubeyoutube.com/channel/UC89Bfwlo1LNREgM0yL2iOTA
• Facebookfacebook.com/innovo
• LinkedInlinkedin.com/company/incubadorainnovousach
• Instagraminstagram.com/innovousach

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovo USACH