Blog

12

¿Cómo impacta la escuela de emprendimiento de Start-Up Chile en el desempeño de startups?

  • “Start-Up Chile ¿Una Escuela de Emprendimiento Efectiva?” es el titulo del primer White Paper de Epic Lab, un laboratorio de la Escuela de Ingeniería de la Pontificia Universidad Católica, que tiene por objetivo identificar causas y efectos de los programas que fomentan el emprendimiento y la innovación para ayudar al desarrollo socio-económico.

     

    Los autores son Juanita Gonzalez-Uribe  Ph.D. en Finanzas y Economía de la Universidad de Columbia y Michael Leatherbee Ph.D. en Organizaciones, Estrategia y Emprendimiento de la Universidad de Stanford

     

  • Read english version

 

Resumen

“The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile” muestra que las aceleradoras efectivamente mejoran el desempeño de los nuevos emprendimientos a través de la participación escuela de emprendimiento.

Dado que la capacitación de emprendedores tiene un impacto importante sobre el levantamiento de capital, tracción de mercado y creación de empleos, pero aparentemente no en la sobrevivencia, parece ser que las aceleradoras de negocios sí tienen un efecto en la aceleración de nuevos emprendimientos. Así, mientras que la sobrevivencia de los emprendimientos depende de la persistencia emprendedora, el desempeño de estos emprendimientos depende del capital emprendedor.

De la misma manera que el capital gerencial puede ser obtenido en las escuelas de negocios, el capital emprendedor puede ser obtenido de las escuelas de emprendimiento. Al entregar capacitación, estableciendo hitos, impulsando el aprendizaje a través de colegas emprendedores, fomentando la experiencia práctica, como también permitiendo el acceso a redes de contactos, las aceleradoras de negocios efectivamente están ayudando a los emprendedores a formar empresas más productivas.

Descargar White Paper

0
0
epiclab

How Does Entrepreneurship Schooling Impact Start-Up Performance? Evidence From Start-Up Chile

How do business accelerators accelerate? Do entrepreneurship policies actually add economic value? 

Results show that participation in the entrepreneur school (bundled with the basic services of cash and co-working space) causes a 21 to 45% increase in the likelihood of raising capital, increases capital raised by three to six times, and increases company valuation fivefold. It also causes a 24% increase in market traction (Facebook “likes”) and almost a 200% increase in jobs created.

This white paper was adapted from its original format for EPIC Lab from the paperThe Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile”, González-Uribe & Leatherbee, 2016, which provides the first quasi-experimental evidence of the effect of accelerator programs on start-up performance, and on the importance of “entrepreneurial capital” in new ventures.

Download English version

 

About EPIC Lab

epiclab2

We are a research laboratory based in the School of Engineering of Pontificia Universidad Católica de Chile.

Our main goal is to identify the cause and effect of entrepreneurship and innovation programs, and generate evidence-based knowledge to foster socio-economic development.

More information, please visit: www.epiclab.uc.cl

0
0
demo day gen 15

Watch our last Demo Day here!

The most prominent startups of Start-Up Chile Seed program presented their companies in front of judges and investors. WeWaant.com, the best way for buyers to determine the prices they want to pay, won first place and a ticket to San Francisco.

 

 

 

The 14 best startups from the 15th generation of Start-Up Chile Seed presented their companies on a Demo Day this past August 11. These were selected from a group of more than 80 startups, who competed to pitch in front of a select group of guests, investors, press and influencers.

The Demo Day is the final event of the 6-month acceleration program. Each of the startups has only five minutes to amaze the audience with their ideas, business models and market views.

In this opportunity, companies that presented their businesses were from: Chile (3), USA (1), Italy (1), Brazil (2), Uganda (1), Argentina (1) and Ireland (1). The industries that these startups represented were health, food, e-commerce, finance and film, among others.

After the presentations, the judges decided that the best startup was WeWaant.com, platform that allows consumers to determine what they want to buy, how much they want to pay for it and for how long they want the deal. The first seller to accept the conditions, makes the sale before its competitors.

The prize for the first place was a round-trip ticket to Silicon Valley, San Francisco courtesy of Transbank.

In second place came Pluga, a tool that helps with the integration between the most used web apps without having to write a single line of code.

The third place went to Winsenga, an alternative pocket echocardiographic machine that allows nurses and doctors to monitor the health of babies during pregnancy and childbirth more easily and more accurately. It consists of a portable Doppler device that can be connected to a Smartphone.

The winners received prizes from Microsoft, Transbank and Veramonte and later enjoyed a cocktail with the other attendees.

 

0
0
instagram_G17

Start-Up Chile Seed opens application process

– The acceleration program from the Chilean Government opened its application, running from August 17 until September 7.

 

– Startups from all over the world with less than 2 years of existence are eligible to be part of the program and receive USD30,000 for their business. 

 

SANTIAGO, August 2016 –. Startups from all around the world can apply for Start-Up Chile between August 17 and September 7. Those who want to receive this State subsidy should enter www.startupchile.org/apply-seed and apply according to the Terms & Conditions.

The program, which brings together entrepreneurs from Chile and the rest of world, lasts 6 months and the participants will have the opportunity to share with other companies from over 75 countries.

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.

Start-Up Chile was recently selected among the top 4 accelerators in the world, and is constantly looking to attract talented entrepreneurs who can positively impact the local entrepreneurship ecosystem.

Through the selection process, the program seeks companies that have a global perspective and an expansion strategy. The criteria also evaluates the experience of the beneficiary, the startup’s market and its competition, and the advantage to develop it in Chile.

To apply, the entrepreneurs should access the Start-Up Chile website http://startupchile.org. A video will be uploaded this August 18th at 1.30 (GMT-3), explaining all the steps needed to fill the form. The applications will be reviewed by experts in innovation, investors and entrepreneurs.

0
0
cover eslovaquia

Slovak President Andrej Kiska: “Start-Up Chile has become the most successful startup project in Latam”

The President of Slovak Republic visited Start-Up Chile Cowork space to learn more about our programs.

Last Monday August 1st, our cowork space was full of cops (Carabineros) checking every corner of the building. Everything had to be safe for the official visit of the Slovak Republic government, led by their President Andrej Kiska.

eslovaquia-7The mission, with about 30 people, heard carefully to our executive Director Rocio Fonseca during her 40 minutes presentation. She talked about Start-Up Chile and how this program is helping to change the entrepreneurial mindset in Chile and also creating an economical impact thanks to the startups growing in our country. “Start-Up Chile is an open source. We are willing to share our knowledge with all the countries looking to boost entrepreneurs and startups. We have done this with many countries, because we believe that the world need more programs like this, to support all the people in their ventures”, she said.

The President of Slovak Republic was impressed with the results of the program. Also he took time eslovaquia-5to talk with a couple of the entrepreneurs that were working during the visit. “In our country we speak a lot about support for innovations, start-ups, the business environment. With no big budget of 10 million US dollars (€8.96 million), Start-Up Chile in the five years of its existence has become absolutely the most successful start-up project in South America, and it’s in the world’s top ten. It’s a project that deserves attention,” said the President in an interview for News Now.

 

 

eslovaquia-8

eslovaquia-6

eslovaquia-5

eslovaquia-4

eslovaquia3

eslovaquia2

eslovaquia1

5
0
DCIM102GOPROG0301433.

Dispositivo que previene mastitis en vacas es elegido como mejor startup de agro

La startup “VaCuch” ganó el Tech Evening de Agro & Alimentación de Start-Up Chile. Los chilenos Nicolás Morelliy Juan Ignacio Ojeda desarrollaron un sistema de goma antibacteriana que se aplica en productos que contagian a las vacas de mastitis.

startup1 (1)Santiago, julio 2016-.  Este jueves 21 de julio se realizó el Tech Evening de Start-Up Chile, donde los 10 mejores emprendimientos de la industria del agro y alimentación tuvieron la oportunidad de exponer sus ideas frente a reconocidos jueces, incluido el Ministro de Economía Luis Felipe Céspedes.

Luego de las presentaciones, la compañía que finalmente se quedó con el primer lugar fue VaCuch en manos del ingeniero Nicolás Morelli y el biotecnólogo Juan Ignacio Ojeda, quienes idearon un caucho antibacteriano para confeccionar pezoneras de ordeño, alfombras de caucho y camas para vacas con el fin de cortar el vector de transmisión de la mastitis bovina. Fueron escogidos como ganadores por la calidad del producto y también por atacar un problema recurrente en la industria. Gracias a esto, se hicieron acreedores de una gift card de Transbank por 250.000 y regalos de la viña Veramonte.

El segundo lugar lo obtuvo el chileno Gonzalo Llach con Teart, un filtro desechable que permite disfrutar té en hojas en un formato único y para llevar. El filtro se adapta a cualquier vaso de polipapel  y es 100% biodegradable. El tercer lugar lo obtuvo The Not Company de los también chilenos Matías Muchnik, Karim Pichara y Pablo Zamora. The Not Company es un emprendimiento de tecnología que combina inteligencia artificial con ciencia aplicada para desarrollar alimentos saludables y accesibles, todo en base a ingredientes vegetales.

En el séptimo Tech Evening de Start-Up Chile participaron 10 startups, donde cada una contó con 3 minutos para presentar sus negocios ante inversionistas, mentores y emprendedores.

Esta actividad se enmarca dentro de los “Tech Evenings” mensuales que organiza Start-Up Chile, que convoca profesionales, emprendedores e inversionistas de diferentes industrias, para conectarlos y darles visibilidad frente a otros actores de su rubro.  “Sabemos que la industria agropecuaria en Chile es de las más grandes, por lo que es fundamental poder generar más innovación y  emprendimiento en esta área, para que le permita a los agricultores y procesadores de alimentos poder reducir costos y agilizar procesos de cosecha y producción. Esta es la razón por la que creamos una instancia en la que puedan ver cómo agilizar la producción en manos de la tecnología”, señala Rocío Fonseca, Directora Ejecutiva de Start-Up Chile.

El próximo Tech Evening será el 18 de agosto y las industrias representadas serán minería y energías limpias.

Las 3 startups ganadoras del Tech Evening:

VaCuch

La Mastitis es una enfermedad que ataca las lecherías, produce pérdidas por 35 billones de dólares en el mundo y mermas de 45 millones de toneladas de leche. La solución es una goma antibacteriana para productos que contagian a las vacas como pezoneras y camas, matando las bacterias que producen esta enfermedad, de esta forma se corta el vector de transmisión de la mastitis bovina.

Teart

Es un exclusivo filtro desechable que permite disfrutar té en hojas en un formato para llevar único. 100% biodegradable y patentado en Chile, U.E., EE.UU. y otros países. El filtro se adapta a cualquier vaso de polipapel, ofreciendo en un mismo producto la eficiencia y portabilidad de la bolsita sumado a la calidad y flexibilidad del té en hojas.

The NOT Company:

Compañía de tecnología que combina inteligencia artificial con ciencia aplicada para desarrollar alimentos extraordinarios, saludables y accesibles, todo en base a ingredientes vegetales.

DCIM102GOPROG0321501.

startup2

startup5

1
0
stgo

Why American Startups Are Preferring Chile

Chile’s capital Santiago is a well-established center of country’s cultural, political and financial hub. But the winds of startup blew pretty fast to reach Chile from northern America as the Chilean government is aiming to bring forward Santiago in global market as the heart of startup in southern America.

The idea is to put forth Chilean companies ahead in the global startup marathon. There are a number of startup initiatives that government is undertaking with a set of predetermined standards that allows Chile to pioneer the startup revolution in South America.

Tracing the history of Chilean startup, it is inevitable to ignore contribution of Chile’s accelerator program, Start-Up Chile. With an aim to provide equity-free funding, Start-Up Chile is driving the breed of young entrepreneurs in Chile.

Being a pioneer in aiding startups to set a benchmark for the generations to come, Start-Up Chile practices rigorous marketing to globalize Chile’s efforts for the expansion of its economy. One of the most prominent thing to observe is that Chile is concentrating more on technology startups.

It includes effectively utilizing mobile technology by embracing the utility of mobile app development along with the internet technology. This fact holds true in case of startups sprouting from the developing nations.

There are several reasons why Chile is looked upon as the best American hub for the startups.

Chile’s Economy is favorable for Startups

Chile is best known for its macroeconomic environment with a perfect blend of open and stable economy. One the major advantage enjoyed by Chile is its debt ratio. A controlled debt of 10% of GDP (Ref: 3 CIA World Factbook) is a clear indicator of a healthy economy. Chile has certainly put itself on the list of elite, developed countries with a striking rise in its GDP that shot up to $15000 in 2013.

Government’s perspective towards startups is fairly welcoming as the same is reflected in their policies. Because when it comes to startup policies, the Chilean government always had an optimistic perception about startup since its inception. It certainly believes that startups have a pivotal role to play in shaping up a country’s economy.

Government has taken plenty of initiatives to boost up the startup economy. It includes policy measures like giving grants to startups, including capital startup capital, providing an ideal business environment, and becoming a tax haven for the startup enthusiasts.

Consider this for example; the corporate taxes in Chile are far lower than that of its northern American competitor, United States. As of now, the Chilean government tax rate stands at 22.5%.

Chile along with Uruguay have its government-run startup programs that offer up to US$30,000. This is with regards to encouraging the spirit of entrepreneurship from across the border. Giving such a huge incentive to the budding entrepreneurs is indeed a promising gesture. Let’s be honest, nothing can be more lucrative for young and passionate entrepreneurs than this offer to persuade their dreams.

Having said that, it is not easy to get accepted under this provision. Looking at the recent figures, it reflects that out of 1715 application from more 60 countries, only 100 made it to the list.  Consider this, the cost of living for two people in a city like Santiago comes to $1500 per month, approximately. Going by this calculations, it provides a sustainable budget for two people to work full time for an idea and scale the startup gradually for almost a year.

Support from Start-Up Chile

Start-Up Chile is the most amazing that has ever happened in Chile during recent times. The beauty of this accelerating program lies in its offering of a co-working space such as CETOF. The program also offers a co-working space called CETOF that offers a free service to all its members in the form of unlimited coffee and superfast Wi-Fi access.

The idea of Start-Up Chile was itself fully funded by the Chilean government that came in the form of state-sponsored seeding. It has made its presence felt across South America prominently in the last few years.

Chile’s educated workforce is proving out to be a major asset for providing backbone to these startups. It has repertoire of educated youth which contributes heavily to the success of startup programs. Also, the cost of hiring employees is way lower in Santiago than its counterpart, Silicon Valley in San Francisco. Chile’s entrepreneurs pay $1,500 to $2,500 a month on an average to its engineers.

Now compare this to Silicon Valley’s hiring rates that shoots up to $6,000 a month. Such lower development cost is helping Start-Up Chile to intrigue startup ideas from countries like U.S, New Zealand, Singapore, and the even United Kingdom. This initiative is certainly driving young blood in Chile’s economy as one of the research indicates a growth of 1.5% in Latin America over the last decade. The best part is that it has 57% of the population under 30 years old.

Chile has certainly seized the global attention with Start-Up-Chile’s way of providing a platform for promising entrepreneurs. There are plenty of companies like Suede Lane (Toronto) that have shifted their based and moved to Chile to make the most of this thriving entrepreneurial community. Chile relies heavily on its open, stable, yet a dynamic economy to surface itself above others in Latin America to become a tech startup hub.

Chile offers a perfect business environment

More than its resonating economy, Chile offers a perfect modern-day infrastructure for a startup to nurture itself. Consider the advantage of increased broadband accessibility and the advent of cloud services. Moreover, venture capitalists are also focusing their investments in the Chile compared to other South American nations.

grafico

It has certainly cut down the costs for setting up and running an online business. In fact, such technology infrastructure gives a perfect place for startups to evolve in a better way. Also, there is a constant shrink of an information gap as more and more people are gaining internet access. These are important parameters for any tech startup to flourish and Chile has it.

More than just $40,000, tax saving schemes, and a platform, Chile offers open arms with a warm heart for the right people who has the power to transform a nation with a single idea. All that one is required to do is dedicate everything for a year or so in developing the idea to its full capacity. Chile is expected to keep attracting foreign startups to get their base in its country by providing such favorable environment.

 

Author Bio:

bioShahid Mansuri co-founded Peerbits, one of the leading mobile app development companies, in 2011. His visionary leadership and flamboyant management style has yield fruitful results for the company. He believes in sharing his strong knowledge base with leaned concentration on entrepreneurship and business. Being an avid nature lover, he likes to flaunt his pajamas on beach during the vacations.

 

Gravtar Associated ID : mansuri@peerbits.com

LinkedIN Profile: https://www.linkedin.com/in/mansurishahid

0
0
a6

Start-Up Chile Alumni | FreshWater: agua del aire, súmate a esta realidad

Lanzan preventa exclusiva de 100 unidades en Chile

 

Tras cerca de dos años del lanzamiento oficial de su proyecto, FreshWater, agua del aire, inicia una campaña para vender 100 sistemas en Chile. Lo anterior, con el objetivo de seguir implementando proyectos comunitarios en zonas de escasez de agua potable como el que tienen actualmente en Cachiyuyo, donde le proveen agua purificada a 40 familias.

FreshWater es un sistema inteligente de uso doméstico que produce agua purificada a partir del aire, sin necesidad de conectarse a una red convencional de agua potable y que funciona tan sólo con ser conectada a una fuente eléctrica. Esto la convierte en una solución complementaria simple, efectiva y sustentable para los problemas de escasez de agua en el planeta, donde 1 de cada 10 personas no puede acceder a algo cotidiano para la mayoría como lo es un vaso de agua.

Esta solución nace del ingenio de tres ingenieros chilenos, quienes se reunieron para superar la barrera de la escasez y la mala calidad del agua, que es además la principal causa del 80% de las enfermedades en los países en desarrollo. Ellos transformaron una tecnología de origen militar y la llevaron a la cotidianidad pensando en las familias que viven en zonas remotas y también, en personas con acceso a agua potable, pero que buscan consumir una agua más pura y de mejor calidad.

¿Cómo Funciona?

 

FreshWater acelera el proceso natural del ciclo del agua, al capturar las micro partículas de agua que se encuentran suspendidas en la humedad relativa, para luego formar una nube y hacer llover, obteniendo agua prístina que pasa posteriormente por un proceso de filtrado, purificación y esterilización, pudiendo obtener hasta 28 litros de agua purificada por día, sujeto a las condiciones del entorno y localización geográfica.

Para quienes desean tener este sistema este es el momento perfecto, ya que en esta, su primera preventa, han decidido ofrecer su producto con un descuento especial para que, no sólo organizaciones sino también particulares, puedan acceder a esta solución. También puede pagar a través del sistema Paga Tu Profesional, donde se puede realizar la reserva del sistema con tarjetas de débito y crédito hasta en 48 cuotas. La preventa se encuentra activa en la web preventa.freshwatersolutions.org. En el mismo sitio, así como en sus redes sociales, se puede encontrar más información sobre esta solución.

0
0
tsf1

Latinos are leading the fourth call for The S Factory

With more than 426 applications, the Start-Up Chile pre-accelerator program closed its latest application process. The most represented country was Chile, followed by United States, Brazil, Venezuela and Russia.

SANTIAGO, Chile. July, 2016-. During the two weeks of the application process, the pre-accelerator for female leaders continues to gain popularity among the best entrepreneurial ecosystems in the world. This time 426 entrepreneurs decided to be part of the process, hoping to be selected as one of the top 25 to companies to enter the program.

In this fourth process, the most represented country (among the 48 that participated) was Chile with 41% of the applications. The second country with more applicants was USA (6%), followed by Brazil (5%) and Venezuela (4%). Russia, Argentina, Ghana and India came after with 3% each. The surprise this time was the increase in the participants from Eastern Europe. Countries like Ukraine, Slovakia, Belarus, Poland and Lithuania represented more than 9% of the applications. Other continents participated as well, Asia with 6,57% of the applications, Africa with 6,86%, Western Europe with 5,14% and Oceania with 1,43%. This time and following the tendency, America was the most represented continent: North America with 7,43% of the applications and South/Central America with 53%.

Regarding industries, and continuing with the trend of the previous generations, e-commerce stands in first place with 19%, followed by education companies (10%) and Healthcare/Biotech startups (13 %).

The results of the selected projects will be published on August 12th and generation 4 will start the program on October 3rd, 2016.

All founders must be in the country during that week to begin the experience as an entrepreneur of The S Factory.

The program will last 12 weeks and the participants will have the opportunity to share with the Start-Up Chile entrepreneurs from all around the world. The selected projects will receive 10 million pesos (USD $ 15,000) with an intense weekly schedule to accelerate their ideas. This schedule includes courses, mentoring, and pitch training, among others. In addition, foreign companies will receive a working visa for a year to come to Chile.

Once The S Factory program is completed, companies will be able to apply to the Start-Up Chile Seed fund, to grow and accelerate their previously validated businesses.

1
1
SUp is awesome

VIDEO | The Start-Up Chile Is Awesome Show

Matt Baer from Start-Up Chile Seed Gen 11 and SCALE 2 has created a video series called “The Start-Up Chile Is Awesome Show” – to answer a lot of the questions he receives from potential Start-Up Chile entrepreneurs.

“I wanted to give back to the program, help answer a lot of the questions I receive from entrepreneurs, and give a positive entrepreneur voice in the discussion about coming to Start-Up Chile. Start-Up Chile has given our team so much in terms of high-level executive relationships, government connections in Chile, worldwide publicity for our startup, and just overall – the staff has really recognized what we have done in Chile and put us in a position to win in Chile and on a global scale. So, our entire team felt it was important to help the Start-Up Chile ecosystem, and this is a token of our appreciation”, Baer said.

 

0
0