The S Factory, the pre acceleration program of Start-Up Chile, will open a new application process this March 14th until March 28th. Selected startups will receive $10 million Chilean pesos (around USD $14K) equity free and a 4 months of pre acceleration.
The program will allow selected startups with female founders from around the globe to move to Chile with a one-year Working Visa to develop their ideas and prototypes.
Since women’s leadership in high-impact startups is still low compared with traditional small and medium business (SMB), on 2015 Start-Up Chile created a new entrepreneurial program named The S Factory, a pre-accelerator specifically for teams with a female founders.
The 4 month program will be powered by Start-Up Chile, so founders that are accepted will become part of the largest and most diverse startup community in the world. Moreover, selected startups will receive 10 million Chilean pesos (about USD $14,000), courses, mentorship and pitch training to accelerate their ideas. Additionally, founders from outside of Chile will be granted a one-year working visa to come to Chile.
To qualify for selection, startups must be in a concept or prototype stage with less than 6 months of development and be led by a female founder. This doesn´t mean all the team members have to be female, just the team leader.
Applications for the fifth generation of the program will be open from March 14th until March 28th and will accept a total of 20-30 startups. Applicants may fill the application here: www.startupchile.org/apply-tsf
Different Meetups will be held around the world to invite people to learn more about the program and how to apply. There will also be a Webinar on March 15th 1.30pm (GMT-4) to explain the application process to The S Factory and answer all the questions LIVE!
For more information about The S Factory visit http://www.startupchile.org/programs/the-s-factory/.