RAKIDUAM - Knowledge

13 scienti c-technological development At the peak of the The centers of excellence (Institutos Milenio, Fondo de Financiamiento de Centros de Investigación en Áreas Prioritarias -Fondap- and Fondos Basales) have the purpose of carrying out high-impact scientific research and educating young scientists on topics that are a priority for the country, which have been previously defined by the government. Through the competitive tender system, tenders are subjected to a strict assessment process carried out by a panel of world-renowned experts from presti- gious foreign academic institutions. Numerous researchers in different fields of knowledge attend these centers for between 5 and 10 years, and receive public finan- cing that fluctuates between US$ 1.6 million and US$ 2.6 million per year, so beco- ming the pinnacle of the country’s scientific-technological development.