The S Factory, powered by Start-Up Chile, will open a new application process. Selected companies will receive $10 million CLP (around USD$14K) equity free and 3 months acceleration.
The program will allow selected startups to move to Chile and develop their ideas and prototypes alongside current program participants. Also, this represents a great opportunitie for international startups looking to grow in the Latin American market.
Santiago, February 24th.- Since women’s leadership in high-impact startups is still low compared with traditional small and medium business (SMB), last year (2015) Start-Up Chile created a new entrepreneurial program called The S Factory, a pre-accelerator specifically for teams with a female founders. Although female entrepreneurship is better in Chile than in other countries, there are still strong personal and cultural barriers that make it difficult to start a business led by female entrepreneurs.
The 12-week program will be powered by Start-Up Chile, so founders that are accepted will become part 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.
Applications for the third generation of the program will be open from March 1st to March 15th and will accept a total of 20-30 startups. The application is open to startups from all countries.
For more information about The S Factory visit http://startupchile.org/about/about-the-s-factory/ or http://www.thesfactory.org