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The Start-Up Chile Seed program

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

by OFA July 31, 2019

written by OFA

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

July 31, 2019 0 comments

Call for Applications

Start-Up Chile Seed Program Generation 21 for Startups Worldwide (Funded to Launch Your Startup in Chile – USD $40,000)

by OFA July 18, 2018

written by OFA

Application Deadline: September 4th, 2018

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.

Requirements:

As requirements to apply, the startup cannot be more than 3 years old, the founder must have 100% dedication to the business and have a functional product and early validation.
In addition, the startup must have a global perspective, with a clear expansion strategy.

Benefits:

Equity free money

The startup will receive funding towards 90% of total program costs and through either reimbursement, or an advance payment plan.

Accelerations & 7 month experience

During your 7 month experience in Chile, Start-Up Chile will accelerate and support your business. You will also be a part of an inclusive and energetic environment with other like-minded entrepreneurs to have the experience of a lifetime.

Foreign teams will be provided with a one year working visa.

All teams will have access to the Start-Up Chile community which includes up to $300,000 USD in perks such as Microsoft BizSpark, Facebook Start, Amazon Web Services and many others. All startups are able to use our central co-working space for up to 9 months after their arrival to the program, free of charge.

Timeline:

Application process: From July 17th to September 4th, 2018
Results: November 30th, 2018
Program Starts: February 19th, 2019

For More Information:

Visit the Official Webpage of the Start-Up Chile Seed Program Generation 21

July 18, 2018 0 comments

Call for Applications

Start-Up Chile Seed Program Generation 20 for Startups Worldwide (Funded to Launch Your Startup in Chile – USD $40,000)

by OFA January 15, 2018

written by OFA

Application Deadline: January 30th 2018

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.

The acceleration program they can access has a duration of 7 months, a period during which participants can share with other founders from more than 80 countries. The selected startups will receive $25 million chilean pesos (USD $40,000 app). This means an increase of $5 million chilean pesos (about USD$10K) in the fund given to entrepreneurs. In addition, at the end of the program, the best startups will have the option to apply for another $40K USD to stay longer in the country.

Requirements:

The applicants can be natural or legal persons, according to the following:

Natural person, Chilean or foreign, over eighteen years of age and who are the founders

or owners of a global project to be implemented using Chile as a platform.

Natural persons, will be able to participate in one of the following categories:

Team Leader (only one):

Is the natural person, duly specified during the application process as the beneficiary, who must

act in name and representation of him or herself and of the executors, as the person responsible before Corfo.

Team members (optional):

Optionally, the participation of up to two natural persons who form part of the founding team

and who are duly specified during the application process may be considered. Elimination or substitution of an executor will have to be approved by the allocator authority.

Benefits:

Foreign teams will be provided with a one year working visa. All teams will have access to the Start-Up Chile community which includes up to $300,000 USD in perks such as Microsoft BizSpark, Facebook Start, Amazon Web Services and many others.
All startups are able to use our central co-working space for up to 9 months after their arrival to the program, free of charge.

Equity free money

The startup will receive funding 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.
Chilean applicants can apply for an additional $10MM Chilean pesos, if they reside outside of Chile and hold a postgraduate degree from a top foreign university.
Startups are also eligible to apply for an additional $10MM Chilean pesos to develop their enterprise in other cities out of the Santiago, for an additional period of 6 months after their initial stage.

Accelerations & 6 month experience

During your 6 month experience in Chile, Start-Up Chile will accelerate and support your business.
You will also be a part of an inclusive and energetic environment with other like-minded entrepreneurs to have the experience of a lifetime.
We have built this program to help you to accelerate your business.
Also, Start-Up Chile is here to be sure that you will have a life time experience in Chile, the best country in Latam for startups.

Application Procedure:

To apply you will need to submit an application using our online platform. The application includes questions about leadership, the team and your motivations. In addition, you will need to submit a 90 seconds video and have a referee outline why you and your team are best suited to tackle your problem.

Video

Startup Chile ask that startups create a 90 seconds video including: What problem/pain are you solving?, What solution are you proposing to this particular problem, why does it have a global reach?, Why is this unique? and where is the technology that makes it highly scalable? The founder must be in front of the camera. We do not accept animated videos.

Recommendation letters

You only need to provide the e-mail address of your reference. Once you submit their email we will prompt them via a notification to write your recommendation! Its that simple. The recommendation must be posted before the deadline! if not, the application will not be accepted.

Timeline

Application Deadline: January 30th 2018
Results: May 4th 2018
Start: June 25th 2018

For More Information:

Visit the Official Webpage of the Start-Up Chile Seed Program Generation 20

January 15, 2018 1 comment