Today, Corfo (The Chilean Economic Development Agency) has chosen 9 tech-startups who will take part in the pilot program of their Global Connection program, funding Chilean startups to incubate their businesses for four months in the Plug and Play Tech Center in Silicon Valley. The funding, with a maximum of approximately USD$16,000, will cover the entrepreneurs’ office rental in the Plug and Play complex and participation in their acceleration program, as well as living expenses and flights from Chile to California.
Hosted by Ignacio Franzani, a Chilean television and radio host, the event included conversations with Hernán Cheyre, the Executive Vice President of Corfo, Nicolas Orellana, the founder of Welcu, a growing Chilean startup recently funded by Google and 500 Startups, and Fernando Gouveia, International Emerging Markets Relations Manager from Plug and Play Tech Center.
After much anticipation, the nine chosen projects were announced one-by-one:
Hernán Cheyre, comments about Global Connection, saying: “In Chile there is a load of talent, but there’s a lack of global ambition. Because of that, as Corfo, we want to create a close relationship with the local entrepreneurs and actively support them in doing business outside of our borders.” Global Connection is just one of many measures the Chilean government is taking, along with the Start-Up Chile program, to open Chile’s doors to foreign entrepreneurs and to ease the exchange of Chilean entrepreneurs abroad, in hopes of converting Chile into the innovation and entrepreneurship hub of Latin America.
Two additional application processes will open for this program throughout the year, the next one commencing in September. For more information about the program, please click here (in Spanish).
Congratulations to all of the winners!