Latinos are leading the fourth call for The S Factory

News, The S Factory

With more than 426 applications, the Start-Up Chile pre-accelerator program closed its latest application process. The most represented country was Chile, followed by United States, Brazil, Venezuela and Russia.

SANTIAGO, Chile. July, 2016-. During the two weeks of the application process, the pre-accelerator for female leaders continues to gain popularity among the best entrepreneurial ecosystems in the world. This time 426 entrepreneurs decided to be part of the process, hoping to be selected as one of the top 25 to companies to enter the program.

In this fourth process, the most represented country (among the 48 that participated) was Chile with 41% of the applications. The second country with more applicants was USA (6%), followed by Brazil (5%) and Venezuela (4%). Russia, Argentina, Ghana and India came after with 3% each. The surprise this time was the increase in the participants from Eastern Europe. Countries like Ukraine, Slovakia, Belarus, Poland and Lithuania represented more than 9% of the applications. Other continents participated as well, Asia with 6,57% of the applications, Africa with 6,86%, Western Europe with 5,14% and Oceania with 1,43%. This time and following the tendency, America was the most represented continent: North America with 7,43% of the applications and South/Central America with 53%.

Regarding industries, and continuing with the trend of the previous generations, e-commerce stands in first place with 19%, followed by education companies (10%) and Healthcare/Biotech startups (13 %).

The results of the selected projects will be published on August 12th and generation 4 will start the program on October 3rd, 2016.

All founders must be in the country during that week to begin the experience as an entrepreneur of The S Factory.

The program will last 12 weeks and the participants will have the opportunity to share with the Start-Up Chile entrepreneurs from all around the world. The selected projects will receive 10 million pesos (USD $ 15,000) with an intense weekly schedule to accelerate their ideas. This schedule includes courses, mentoring, and pitch training, among others. In addition, foreign companies will receive a working visa for a year to come to Chile.

Once The S Factory program is completed, companies will be able to apply to the Start-Up Chile Seed fund, to grow and accelerate their previously validated businesses.