Start-Up Chile
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| Industry | Seed acceleration |
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| Website | startupchile |
Start-Up Chile is a seed accelerator created by the Chilean Government based in Santiago, Chile. It provides equity free investment for qualified startups.
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 is a highly selective program which selects startups from over thousands of applications. The 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.
The S Factory is a pre-accelerator where female leaders turn innovative ideas into functional prototypes. We are looking for projects that are technology related with high impact potential to join us for a 12-week experience to learn all the basics to get started in the startup world. Plus, participants will get the opportunity to live the amazing experience of learning side by side with Start-Up Chile, the largest and most diverse startup community in the world.
The S Factory program is powered by Start-Up Chile, with its largest and most diverse startup community in the world. If you are a female and you want to start your startup but you are not quite sure how to do so, then this is the right place. For female founders that already have their startup going we recommend them to apply to Start-Up Chile instead since they might be overqualified for The S Factory. This is a program built for startups in really early stages, in concept stage or with a prototype that has less than 6 months of development.
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