== 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.
On the other hand, there is the CIIB (Centro en Innovación e Inteligencia Biomédica) (“Biomedical intelligence and Innovation Center”) where students can carry out projects if they’re coursing a science or health degree. Although students have developed great social projects at the University, these are aimed at helping people rather than innovation itself. Therefore there are projects and students with the ability to create but not necessarily from innovation or entrepreneurshipuniversity is offering an Innovation Minor.. The University also has the first place in Chilean innovation, but this award has been allocated to the university as an institution. So this means the university by itself is innovative, but not necessarily its students.
== Actively supporting the university technology transfer function ==
The technological transfer is defined as a concept where “Research transforms money into knowledge … technology transfer transforms knowledge into money.” (Geoffrey Nicholson, father of the Post-It).” https://ec.europa.eu/knowledge4policy/technology-transfer/what-technology-transfer_en Universidad de los Andes encourages this technical support only to those who have engineering and business courses (lab, external projects, etc). Those who are not focused on these particular studies do not receive this support. However, they tend to always keep up to date with their technology to promote and enhance even more each student's knowledge. Furthermore, Universidad de los Andes has reached out to different colleges around the world and has, throughout the years, developed partnerships that embrace innovation on campus. To name a few we have from Belgium, Australia, Canada, Spain, the United Kingdom, New Zealand, and many more.