About

Instead of changing the world through revolution, we can change the world through #innovation

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 has a large portfolio, receiving in between 200 – 250 companies a year. This deal flow is represented by 3 distinct programs based on the stage of the startup.

 

    • The S Factory: Pre-acceleration program for startups in early concept stage focusing in female founders. Selected companies receive $10 million CLP (around USD$14K) equity free and 3 months acceleration. Two rounds a year of 20-30 companies each.

 

    • Seed: Acceleration program for startups with a functional product and early validation. Selected companies receive $20 million CLP (around USD$30K) equity free and 6 months acceleration. Two rounds a year of 80-100 companies each.

 

    • Scale: Follow-on fund for top performing startups that are incorporated in Chile, have traction and are looking to scale in LATAM and globally. Selected companies receive $60 million CLP (around USD$86K) equity free with the condition that they incorporate and open operations in Chile. Two rounds a year of 20-30 companies each.

In each of them, at least one of the founders of the startup has to settle in Chile and give back to the Chilean society through a social impact program that aims to promote innovation and entrepreneurship.

 

Acceleration Program

 

Besides the grants and the co-working space, Start-Up Chile offers an acceleration program that includes:

 

  • SUP Academy: Training program (workshops, talks and other learning experiences), Platoons (peer to peer monitoring and support) and Pitch Training.
  • Connections: Global and local mentors, investors, and market networks.
  • Events: External and internal events (Demo Day and Tech Evenings).
  • Experience: Soft-landing and internal activities to promote the networking and the creation of a community.

 

2016 Calls (2 calls each Program) 

 

  • The S Factory: From March 1st to March 15th & from July 4th to July 18th
  • Seed:  From January 19th to February 16th & from August 17th to September 7th
  • Scale: From  March 15th to April 4th (only for Start-Up Chile alumni) &  September 22nd to October 20th (open application)
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Talented people from the entire world

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Living in Chile

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One year Working Visa and Soft Landing

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Equity free money

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Working in the same place ($0)

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Training, mentors, connections & perks

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The S Factory

Female pre-acceleration program for startups in early concept stage.

 

Two batches a year of 20-30 companies in each batch.

10 million CLP

US$14,500

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Seed

Acceleration program for companies with a functional product and early validation.

 

Two batches a year with 80-100 companies in each batch.

20 million CLP

US$30,000

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Scale

Follow-on fund for top performing companies that are incorporated in Chile and that have traction and are looking to scale in Latam and globally.

 

Two batches a year with 15 companies in each batch.

60 million CLP

US$85,500

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