Fundación Chile is a non profit corporation created in 1976 through a joint agreement between the Chilean government and ITT Corporation

ITT Corporation

ITT Corporation is a global diversified manufacturing company based in the United States. ITT participates in global markets including water and fluids management, defense and security, and motion and flow control...

. It is essentially a technological think tank that has worked successfully to foster Chilean business and industry growth through technological innovation and implementation.
The mission statement of Fundacion Chile is "To increase the competitivity of human resources and productive sectors and services, by promoting and developing high impact innovations, technology transfer and management for the country."

• Fundacion Chile's most notable success has been in the salmon farming
  Aquaculture of salmon
  Salmon, along with carp, are the two most important fish groups in aquaculture. In 2007, the aquaculture of salmon and salmon trout was worth US$10.7 billion. The most commonly farmed salmon is the Atlantic salmon. Other commonly farmed fish groups include tilapia, catfish, sea bass, bream and...
  
  industry.