Equity free money
This grant will fund 90% of the total program costs, $20 Million Chilean pesos, per beneficiary. The beneficiary must provide 10% of the remaining funding. The beneficiary can get this grant through reimbursement, or an advance payment plan. Chilean applicants can also apply for an additional $10 Million Chilean pesos, if they live outside of Chile and hold a Post-Graduate Degree from a top foreign university (in the top 100 of the QS World University Rankings 2015-16). In addition, beneficiaries can apply for an additional $10 Million Chilean pesos, to develop their companies in other cities out of the Metropolitan Region in Chile, for an additional period of 6 months, after the original timespace.