CONICYT established the Fund for Scientific and Technological Equipment, FONDEQUIP in late 2011. The Program is regulated by Decree No. 171 of the Ministry of Education, issued in 2012.
Through a system of competitive calls, FONDEQUIP provides funding for the acquisition, updating, and/or access to scientific and technological equipment to be used in research activities.
The following lines of financing are included:
The 2012 budget for medium–size equipment is close to 10 million dollars.
Encouraging and promoting the development of research in our country, by supporting the scientific community with access to the scientific and technological equipment that is necessary to advance towards a society and an economy that are based on knowledge.