Application Deadline: September 7th 2016
Start-Up Chile is a program created by the Chilean Government that seeks to attract early-stage, high-potential entrepreneurs to bootstrap their startups using Chile as a platform to go global. The end goal of this program is to position Chile as the innovation and entrepreneurship hub of Latin America.
Start-Up Chile Seed is a program for those who want to accelerate and develop a world-class startup in Chile, while helping us shape the local culture to embrace entrepreneurship. Talented entrepreneurs from all over the world are invited to apply to be part of the program. If you have an amazing and scalable business idea or an established startup with high growth potential we would be happy to receive your application.
Start-Up Chile’s admission process is organized with the support of Younoodle, a California-based company that provides a technology platform used by leading entrepreneurship clubs and university competitions worldwide. After their review, an internal selection panel will make the final approval decision.
Those who are selected to participate in the Start-Up Chile Seed program must be able to move to Chile and stay here full time and take active part in the program for 6 at least months (consider one extra month, devoted to program procedures to get you started).
Benefits:
- The selected startups will receive 20 million Chilean pesos (USD $30,000), as well as an intense weekly schedule to accelerate their ideas.
- This includes courses, mentoring and pitch training, among other activities.
- In addition, foreigners will receive a Working Visa valid for a year to come to Chile.
Requirements:
- Video
Startup Chile will ask all startups to provide a 2 minute video, explaining what pain is solved, introduce the team members and why are you applying to Start-Up Chile. Videos with animations will be rejected. - Recommendation letters
Only provide the email of the person that will write your recommendation letter. Once it has been submitted (during the application process), the person will receive a notification asking to write one. - Applicants
There are two ways in which you can decide to apply. You can apply
1) as a Natural Person, no matter your nationality; Or
2) as a Chilean Legal Person, yes only Chilean Companies.
If you apply as a Natural Person, then you will be the beneficiary of the grant. If you apply as a Chilean Legal Person, then this Chilean company will be the beneficiary.
It’s not possible for foreign companies to apply. If you are foreigner and you have a company abroad, then you need to apply as a Natural Person.
This information makes no difference at all, during the evaluation process!
Companies
Consulting companies, export/import companies and franchises are not accepted as they are not easily scalable on a global level.
Less than 2 years
Your Company cannot be older than two years of age, because we are looking for early stage startups
Dedicated 100%
The team leader must be 100% dedicated to the project (you cannot be employed in any other company while you are participating in the program). *All these terms apply to Chilean participants equally.
Timeline:
- The results for Generation 17 will be published in December 2016.
- The program will start on February 6th 2017 (TBC)
For More Information:
Visit the Official Webpage of the Start-Up Chile Seed Program 2016 for Entrepreneurs
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