The Seed program attracts world class entrepreneurs to do business in Chile. Seed accommodates early stage entrepreneurs who will strengthen the enterprise environment and support the culture of innovation in Chile. The deadline is on 27 August 2019.
Apply for Start-Up Chile Seed Program
What is Start-Up Chile Seed Program? The startup will receive an equity free fund of CLP $25MM (40,000 USD), 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.
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.
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.
The program starts on 4 February 2020.
Main criteria
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.
You may apply as either a Natural Person or as a Chilean Legal Person. 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.
Read more here.
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