Chile is rich in natural resources. Like many other resource-dependent nations, it has never made technology transfer a subject of intense focus. This article sheds light on the technological state of Chile today and its efforts to promote development, increase innovation and move towards a knowledge-based economy. The paper summarizes current market realities and barriers, reviews support by Chilean and world agencies alike, and examines innovation statistics and the prospects for improving the number of technologies transferred from the country. (Contains 1 note.)