Next application process: From January 17th to February 7h 2017

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What are we looking for?

This program seeks to attract world class entrepreneurs in early stage to start their business in Chile, strengthening enterprise environment, supporting the culture of innovation in our country, and connecting with Latam to grow from this region to the world.

 

What do we offer?

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.

Accelerations and 6 month Experience

This is one of our goals at Start-Up Chile: To acelerate the startups coming to our country to create an impact in Chile, Latin america and the the rest of the world. We have built this program to help you to accelerate your business. Also, Start-Up Chile is here to be sure that you will have a life time experience in Chile, the best country in Latam for startups.

Benefits

This program will provide work visa for one year for the foreign teams that get selected and were appointed during the application. You can get up to $ 300,000 USD in perks like Amazon Web Services, Microsoft BizSpark, Facebook Start, among others. Finally, all teams are able to use our co-working space for up to 9 months after arrival to the program, 100% free.

How to apply

Video

We ask all startups to provide a 2 minute video, explaining whats the problem solved, introduce the team members and why are you applying to Start-Up Chile. Animated videos will be rejected.

Recommendation letters

Only provide the email of the person that will write your recommendation letter. Once it has been submitted (during the application process), the person will receive a notification asking to write one.

What do we ask in return

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

Founders LAB

Criteria to qualify

Applicants

There are two ways to apply. You can apply as a Natural Person, no matter your nationality o as a Chilean Legal Person (only Chilean companies). If you apply as a Natural Person, then you will be the beneficiary of the grant. If you apply as a Chilean Legal Person, then this Chilean company will be the beneficiary. It’s not possible for foreign companies to apply. If you are foreigner and you have a company abroad, then you need to apply as a Natural Person. This information makes no difference at all, during the evaluation process!

Not ELIGIBLE

Consulting companies, export/import companies and franchises are not accepted as they are not easily scalable on a global level.

Less than 3 years

Your Company cannot be older than two years of age, because we are looking for early stage startups.

Dedicated 100%

The team leader must be 100% dedicated to the project (you cannot be employed in any other company while you are participating in the program). *All these terms apply to Chilean participants equally.

Why Chile?

You´ll nee to explain why are you coming to Chile to do business and how you´ll use our country as a platform to go global.

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