Startups will receive up to 60 million Chilean pesos (around USD 100,000) equivalent to 70% of the total investment. The remaining 30% is the companies’ contribution.
The first generation of Start-Up Chile Scale is ready to roll. Nine companies that went through the Start-Up Chile program will stay in Chile for a full year to keep growing their businesses.
The program is equity free, but the founders must work as a Start-Up Chile mentor during the year, to help improve the entrepreneurial ecosystem.
About Start-UP Chile SCALE
SCALE is a follow-on fund that offers CLP 60 million (approximately USD 100,000) to startups that have significant traction, are generating revenue and that need the extra capital to grow in Chile and expand to the rest of Latin America. The money will be given through a co-financed grant in which Start-Up Chile will put up to CLP 60M, corresponding to 70% of the fund; the recipients of this grant must put up the remaining 30%. Like the original Start-Up Chile grant, no equity will be demanded.
Only companies that have first passed through the six-month Start-Up Chile program will be eligible to apply to this new fund. In addition, companies must have a legal presence in Chile: an incorporated company or a legal subsidiary that includes a legal representative.
Applying to Start-Up Chile SCALE is simple. Towards the end of the Start-Up Chile program, companies that meet the standard requirements can submit an application. The application process will be announced internally and will be done through an online application form. Each company will be reviewed by a committee at CORFO (Entrepreneurship and Innovation agency of the government of Chile). Up to ten startups will be selected from every generation.
These companies are required to remain in Chile an additional year after the first six months of Start-Up Chile, and during this period founders will have full access to Start-Up Chile resources (workspace, mentors, perks, etc.)
Here are the Start-Up Chile SCALE first companies:
TeliportMe is a large community built around Travel and sharing Immersive imagery of places. We monetize the audience by running campaigns for Travel companies specifically with Tour Operators. These campaigns are run through our b2b product called “”TourMonk”” which provides advanced marketing and analytics tools tailored to improve customer conversion for Tour Operators.
Bureo designs and manufactures a unique line of sustainable products sourced from marine debris for the action sports industry. By offering recycled products, Bureo enables consumers to support recycling development and job growth within Chile. Bureo’s products are manufactured in Chile through the team’s initiative, ‘Net Positiva’, a program providing fishermen with environmentally sound disposal points. Bureo is continuing to expand operations in Chile through the delivery of new products.
RetiDiag is a service that allow primary health care centers to screen diabetic patients and detect risk for blindness at low cost by using retinal picture and telemedicine evaluation through our methodology and our property Web-based software.
recorrido leads the South American interurban bus market into the era of e-commerce. We connect travelers and bus operators by providing a comparison and booking platform on the B2C- and a SaaS-Backend on the B2B-side. recorrido allows travelers to compare prices, schedules and services and to book their bus ticket directly on any device. Bus operators get access to the online market and replace their outdated sales software.
Guarnic is a SaaS solution to manage physical security operations. Security guard behaviour is monitored by our mobile app while surveillance personnel receives automated real time alerts on problems like route compliance, tasks, movement and speed, as well as information on guard positioning, panic alerts, supplier positioning and many others in large screen TVs in surveillance rooms. We provide beautiful and intuitive historical reports.
ZenHub is the only project management solution displayed natively in GitHub. Built for today’s fast-moving, software-driven teams, ZenHub eliminates the need for clunky, external tools by creating a single place of focus for the entire company. Product features include real-time Kanban task boards, team analytics, instant peer feedback, and integrated file sharing in GitHub. ZenHub customers include teams at Facebook, Microsoft, Sony, NBC News and many more.
GroupRaise Meals are fundraisers where groups of 20-200+ diners eat at a local restaurant who is donating a percentage of their meal sales to a charitable cause. These meals are organized, found, and marketed online. The organization process, which could take weeks before or in some cases was not even possible, now takes minutes on GroupRaise.com.
We drive sales and create repeat business for our restaurant partners without the pitfalls of other marketing approaches like coupons.
Uanbai is a platform that enables Payments to Social Media using Direct Messages. From Paying Bills to Peer-to-Peer Money transactions (such as a transfer or a purchase), with Uanbai you can pay or receive money with ease from your own social media account.
themidgame connects brands with their audience through hundreds of niche influencers in Youtube, Instagram, blogs and other platforms. Brands are able to do brand awareness and customer acquisition campaigns with a better ROI through influencers in themidgame, than other marketing channels.