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== Promoting student innovation and entrepreneurship ==1. Universidad de los Andes is distinguished as the most innovative higher education institution in Chile. Moreover, it has been recognized with several awards for this accomplishment three years in a row. Nevertheless, the innovation and entrepreneurship concept is mostly promoted and transmitted for academics than for the students. Even though the institution developed a competition that takes part every year, called “The Challengers”. During this contest, students from business, service administration, engineering and high school students, create different projects and present them in front of a jury. The winners get a finanze fund in order to start their prototype project and an all paid trip to an international destination. At the same time, there is the “Dirección de Innovación UANDES” (Innovation Center) which is the head of I&E at the institution, where you can get assessment and funding for your ideas and projects.