== Promoting student innovation and entrepreneurship ==
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 four years in a row. Nevertheless, the innovation and entrepreneurship concept is mostly promoted and transmitted by academics than the students. Even though the institution developed a competition that takes part every year, called “The Challengers”. During this contest, students from businessBusiness, service managementService Management, engineeringEngineering, and high school students, create different projects and present them in front of a jury. The winners get a finance 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.Another activity promoting I&E for students is the incentive to start working on their final thesis since junior year. The course of Speech therapy, for instance, has established this strategy."UANDES Innovation Day"
== Encouraging faculty innovation and entrepreneurship ==
Today at Universidad de los Andes there are two powerful organisms with the function of promoting innovation and entrepreneurship. In the first place, there is the “Centro de Innovación Docente” (“Faculty Innovation Center”), which provides financing and support to teachers that have a project in mind, so they can develop it. As there is this support for teachers they are the ones who participate and live mostly I&E activities at the University. For this reason, these two topics are more promoted around faculty members than students.