IFI AudioVisual Program 2025: First call of the year now open to boost Audiovisual Productions
The initiative by Corfo and the Ministry of Cultures aims to increase the production of high-impact foreign audiovisual productions in Chile, and has a budget of $4.168 billion, which will be distributed during the two calls for 2025.
Attracting high-impact international audiovisual investments, such as feature films, television series, and internet-broadcast content, as well as promoting audiovisual productions in various Chilean locations, is the call made by the IFI Audiovisual "Support for high-impact audiovisual investments 2025" led by Corfo and the Ministry of Culture, Arts and Heritage.
This national program has an available fund of $4.168 billion -for its two 2025 calls-, and offers, through a subsidy, a reimbursement of up to 30% of qualified expenses in Chile and 40% in the case of productions carried out in regions other than the Metropolitan.
The application process for the first 2025 call of the High Impact Audiovisual Investment Support Program - IFI Audiovisual, began on the recently passed March 14th and will extend until April 14th.
Interested parties should apply through a form available at www.corfo.cl. In addition, for inquiries and questions, the phone number 600 586 8000 and the email [email protected] are available.
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The Minister of Cultures, Arts and Heritage, Carolina Arredondo, commented that "last year as a Government we decided to push for the return of the High Impact Audiovisual Investment Support Program, with the conviction that this initiative contributes to enhancing the industry and employment in the sector. And not only that, because it also helps to showcase the culture and heritage of our country to the rest of the world, increasing the tourist appeal of Chile and thus contributing to growth and economic development at a national, regional and local level."
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Regarding the 2025 call, José Miguel Benavente, executive vice president of Corfo, highlighted that "this year we have double the resources than last year, with better entry conditions, and in the design process we have addressed concerns from the sector, made some adjustments to the evaluation criteria to value the Chilean content that we support through this instrument. These adjustments will make us a relevant and competitive global player in supporting large-scale projects in the audiovisual field".
Winners 2024
- Disconnected 2: A comedy produced by Amazon Studios, starring Javiera Contador, María Jesús Harán, and Diego Rojas, which tells the life of Victoria, a mother of two teenagers who has now become an extremely overprotective mother.
- The Thaw: Directed by Manuela Martelli. This film tells the story of Inés and Hanna, two young women who meet at a ski hotel in the Andes Mountains and start a friendship wrapped in intrigue involving their families.
- The Puma: This film, directed by Marcela Said and starring Antonia Zegers, Luis Tosar, and Gastón Salgado, is set in southern Chile and involves a story of love and intrigue.
- White Wind: A film directed by David Albala, based on the true events that occurred on May 19, 2005, when a group of young people, newly enlisted in the military service, were ordered to march 20 kilometers under extreme wind and snow conditions, in the town of Antuco, Biobío Region.
- Biobío: Produced by Netflix and Fábula, and directed by Fernando Guzzoni and Maria José San Martin. This series is inspired by the disappearance of young university student Jorge Matute Johns, which occurred on November 20, 1999 at the "La Cucaracha" nightclub, in Concepción.
Between 2017 and 2024, IFI Audiovisual has supported projects from various companies, such as HBO, Netflix, Amazon Studios, and Film Nation, leveraging foreign investments of over $16.800 billion.
The IFI 2024 also supported the hiring of audiovisual services, promoting employment and the development of local capacities in creative and technical activities.
In turn, it included a regional incentive for projects carried out outside the Metropolitan Region, where the reimbursement can reach up to 40% of qualified expenses, encouraging decentralization and the development of local economies.