Applications are open for the Start-UpChile Seed Acceleration Program 2017. The Start-UpChile 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 final goal of the program is to position Chile as a hub for innovation in Latin America. The deadline is on 5th of September.
Talented entrepreneurs from all over the world are invited to apply to be part of the program. The startup will receive funding towards 90% of total program costs 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.
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 their central co-working space for up to 9 months after their arrival to the program, free of charge.
Main criteria
- Startups cannot be older than 3 years;
- Team leaders and teams must be dedicated to the project;
- As part of application, candidates will need to explain why they are coming to Chile to do business and how they will use Chile as a platform to go global.
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