Big day is finally here, friends! Starting today, Start-Up Chile is receiving applications for its 6th funding round. You can find our Terms & Conditions, some guidelines and frequently asked questions on the SUPBoat page. Once you are done with those, its time to hit our APPLY button and to Wow! our judges with your ideas and team.
You better move fast: our application process is open until only October 8th. Its quite a competitive process: as you probably heard, our last application process ended with 1509 applications for only 101 spots. Since Start-Up Chile´s opening on 2010, more than 400 startups coming from 36 countries have been given the chance to come to Chile and fund their startups with USD 40k equity free.
Applications must be submitted in English via the Start-Up Chile website www.startupchile.org/apply, where further information regarding the program can also be found. Submitted items must be completed in English only by one applicant per startup (who will then act as the legal beneﬁciary of the $40,000 subsidy, which will be given through a reimbursement process). The program is open to entrepreneurs from all nationalities, whether living in or outside of Chile.
The information process for this round began on September 10th and it consisted in more than 12 meetups hosted in San Francisco, New York, Boulder (CO), Montenegro, Porto Alegre, Belgium and the Netherlands, among many countries and cities in the world. The SUP Boat, Start-Up Chile´s boat, visited the most dynamic cities for global entrepreneurship looking for the best entrepreneurs and inviting them to apply to the program.
Criteria the applicants will be judged on include:
- Quality of talent and commitment of the founding team members,
- International market potential of the project, and
- Value of the applicant’s affiliated networks that will be injected into the Chilean entrepreneurship ecosystem.
Judges determining the scoring of said criteria will be industry experts, venture capitalists, and entrepreneurs with strong backgrounds in executing and advising startups. All startups will be judged equally under the same criteria. Applicants will receive a letter of acceptance/rejection by late November.
Applications can be submitted starting from today and only until October 8th at 23:59:59.