Start-Up Chile in FORBES

Start-Up Chile in FORBES

“…The minute you step onto Chilean soil there will be a mentor waiting. We’ll help you open bank accounts, connect you to all the engineers and the engineering schools…”

Under the title, “Chile Wants to Borrow US Entrepreneurs for $40,000,” Start-Up Chile was recently the subject of an article written by Maureen Farrell, a Forbes journalist and blogger who has been covering the most interesting and emerging topics in entrepreneurialism since 2006. She details the program as “too good to be true,” but, alas, it is not. Considering the never-ending amount of innovative ideas springing up at any given moment around the globe, there is no doubt the Start-Up Chile is a prime initiative for entrepreneurs in search of a push of seed capital, mentors providing support, and a fountain of resources within arms reach. And $40,000 never hurts…

One important point she hits is that this program is not solely in search of the next .com gem but rather transforming Chile into the entrepreneurial hub of South America by congregating the best and most innovative minds in one place. By creating an environment that encourages growth, new ideas, and, of course, success the participants are bound to emerge with major gains.

And, like Farrell, we are all looking forward to the arrival of our first sets of entrepreneurs. Soon to be unveiled…

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  • Alexey S.

    August 21, 2010 at 1:11 am Reply

    Oopss, US entrepreneurs only?

    • startupchile

      August 21, 2010 at 1:48 am Reply

      Hi Alexey!
      Start-Up Chile is looking for entrepreneurs of ALL nationalities with the only stipulation is that the particiants may not be residents of Chile. Otherwise everyone is welcome.
      If you are interested in applying, please visit: or click on the APPLY tab here on the blog. And if you have any other questions please feel free to let us know.
      Best of luck!

      • Alexey S.

        August 21, 2010 at 2:06 am Reply

        Thank you.

        I have already applied. However I was surprized to read that Chile wants exactly US enterpreneurs.

        O’key You solved my doubts.

  • Robert N

    August 21, 2010 at 6:44 pm Reply


    There are a couple of questions, I hope you could answer for me.

    1. Does the educational qualification of the founder matter to be selected?
    Say, I am a college drop-out with a great idea with great revenue potential
    and basic coding abilities, would I have chance to be selected?

    2. It is easy to code, document and explain things to people, but to write a business plan in the right way seems complicated to me. Do you have a sample business plan or resources that may be used as reference so that I can write the perfect business plan to apply for your programme?

    3. I believe in my idea and logic, unfortunately I have only sweat equity that I can invest
    in my startup, I do not have much savings. If I am selected, do I have to invest any money of my own? Do you provide an office with Internet connectivity free of cost or deducted from capital? Will you pay for travel expenses in advance? Can the capital be used to pay for my accomodation and food expenses?

    Hope to hear from you soon.


    Robert N

    • startupchile

      August 23, 2010 at 4:06 pm Reply

      Hi Robert,
      Thanks for your interest in Start-Up Chile. In regards to your questions: the academic qualifications of the founder must be submitted along with your application (along with a detailed academic record). It is a part of your application and thus is important but not the defining factor. There is no perfect business plan, for references feel free to search the web. And finally, the $40,000 that is given provides for one 2-way airplane ticket, expenses of your business, and personal expenses. It would be wise to have some savings before coming so that you can maximize the $40,000 in terms of creating your business/developing your idea.
      Hope that helps and to apply please visit:

  • Diego May

    August 21, 2010 at 8:18 pm Reply

    I have applied to Start up Chile 3 weeks ago. Got a response in a matter of days. After that a quick presentation / demo to a couple of smart and aggressive folks. Not more than a week after that I had a 5´ pitch to a committee from which interesting questions sprung up. We at Junar have been approved and are now proud members of the StartUp Chile community. Landing in Chile soon…

    Kudos to Chile that for the last decade has been doing EVERYTHING right in a lot of macro-economic matters. It seems it is now the turn for entrepreneurship and innovation and again, Chile is moving fast.


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