Scale application process will open soon: From February 28th to March 21st, 2017

What are we looking for?

We select companies with disruptive innovations which respond to unmet customer needs. We look for companies that prove greater value than other existing solutions in the market. These companies need to demonstrate significant traction through testing their solution and having a sound business model. The companies should demonstrate adaptability by showing their adjustments to a focused market. These companies must be generating sales, and or have raised private capital in the last year.

Read this before applying

What do we offer?

Equity free money

Follow-on fund that offers 60 Million Chilean pesos to Chilean companies that need the extra capital to grow in Chile and expand to the rest of Latin America and the world. The money will be given through a co-financed grant in which Start-Up Chile will put up to CLP 60M (about USD $90K), corresponding to 70% of the fund; the recipients of this grant must put up the remaining 30%.

Mentoring

Our mentors are talented and eager to help you grow. Start-Up Chile’s network expands beyond the borders of Chile to many parts of the world. Our mentors are not paid for their contributions but are inspired by the strength of the program and their love for building companies, creating value and impact.

Benefits

Foreign teams will be provided with a one year working visa. All teams will have access to the Start-Up Chile community which includes up to $300,000 USD in perks such as Microsoft BizSpark, Facebook Start, Amazon Web Services and many others. All startups are able to use our central co-working space for up to 12 months after their arrival to the program, free of charge.

How to apply

In your application include information about the traction, current scale of the company, work plan, expected results and your team dynamic.

Applicants need to choose a Supporting Entity or Entidad de Apoyo which will assist the company to:

  • Obtain the necessary insurance for the grant
  • File expenses for the funding to Corfo
  • Guide them in order to accomplish their professional goals including achieving scale and expanding internationally

You may include your Supporting Entity in your online application. If you have not chosen your supporting entity they must be chosen by no later than the signature of the grant contract (ead our terms and conditions to find out about the supporting entities).

Video

We ask that you create a 3 minute video describing your team dynamic, traction, impact of the company and the work schedule

Recommendation letters

You only need to provide the e-mail address of your reference. Once you submit their email we will prompt them via a notification to write your recommendation! Its that simple.

What do we ask in return

We will ask you to go give back through our Founders Lab

Founders LAB

2017 Scale Gen 5 Announcement

SCALE is a program for top performing startups that are incorporated in Chile, have traction and are looking to scale...