Start-Up Chile Seed Program Generation 23 for Startups Worldwide (Funded to Launch Your Startup in Chile – USD $40,000)

Application Deadline:August 27th, 5 pm (GMT-4/Chilean Time)

The Start-Up Chile Seed program attracts world class entrepreneurs to do business in Chile. Seed accommodates early stage entrepreneurs who will strengthen the enterprise environment, support the culture of innovation in Chile and connect with Latam to grow from our region to the world.

Criteria to qualify

Applicants

You may apply as either a Natural Person or as a Chilean Legal Person. A Chilean Legal person is suitable for Chilean companies. In this case, the company will be the beneficiary of Start-Up Chile funding. Foreigners with an incorporated company outside of Chile must apply as a Natural Person. The person named on the application as a Natural Person will be the beneficiary of funds. This information does not affect the outcome of the evaluation process!

Less than 3 years

Your startup cannot be older than 3 years. We are looking for early start ventures.

Dedicated 100%

Your team leader must be 100% dedicated to the project. Optionally, the participation of up two natural persons who form part of the founding team and who are duly specified during the application process may be considered. These terms apply to Chilean participants also.

Benefits:

Equity free money

The startup will receive an equity free fund of CLP $25MM, which is towards 90% of total program costs and through either reimbursement or an advance payment plan. The founder/startup must provide 10% of the remaining funding. Applicants can apply for an additional CLP $25MM to stay in Chile, which will also give them an extension of the program to 14 months total.

Accelerations & 6 month experience

During your 6 month experience in Chile, Start-Up Chile will accelerate and support your business, through a full acceleration program + access to both national and international corporate network, investors, mentors, and global partners to scale to new markets. You will also be a part of an inclusive and energetic environment with other like-minded entrepreneurs to have the experience of a lifetime. The project duration could be up to 9 months, which may be extended only once and for up to 1 additional month.

Foreign teams will be provided with a one-year working visa, free coworking space, and a full soft-landing process.

All teams will have access to the Start-Up Chile community which includes up to $100,000 USD in perks such as Microsoft BizSpark, Facebook Start, Amazon Web Services and many more.

Timeline:

Application Process closes: August 27th, 5 pm (GMT-4/Chilean Time)

Results: November 29th, 2019

Program Starts: February, 4th, 2020

Next application process for Generation Seed24: January 7th, 2020

For More Information:

Visit the Official Webpage of the Start-Up Chile Seed Program Generation 23

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