Startup Chile

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Editor's Rating Awesome.png 
Excellent program for early-stage entrepreneurs seeking equity-free funding and mentoring.

Introduction

About Seed

Seed is a 6-month acceleration program for companies with a functional product and early validation.

Application deadline

September 5th, 2017. Application link under References.

About Startup Chile

Start-Up Chile (SUP) is a public startup accelerator created by the Chilean Government for high-potential entrepreneurs to bootstrap their startups and use Chile as a foundation.

Reward

If selected to Startup Chile, the participant is expected to live in Chile for 7 months. The participant will also receive:

  1. Equity-free grant of 30,000USD
  2. Mentorship for 6 months

Eligibility

Following is the eligibility criteria:

  1. An early-stage startup (<24 months)
  2. Founder aged 18+, able to dedicate time to living and growing his/her startup in Chile for 7 months

Expected Candidate Profile

  1. Globally-minded, early stage entrepreneurs who want to start their business in Chile.
  2. Globally-oriented startup with the capacity to scale.

Application Process

  1. Questions about the startup
  2. Questions about the founders/team
  3. Video Pitch - 90 seconds long video answering the following
    1. What problem is your startup solving?
    2. What solution are you proposing to this particular problem?
    3. Why are you applying to Start-Up Chile?
    4. Introducing the team, founders' background and collective experience.

The first round of evaluation is conducted by YouNoodle a Silicon Valley based startup that comprises a panel of judges consisting of, entrepreneurs, academia and investors who evaluate and judge applications.

YouNoodle evaluates based on, Beneficiary 25%, Team members 25%, Product or Service 25% and Market and Competitive Advantage 25%.

In the second round, Corfo evaluates based on Team 25%, Product or Service 15%, Market and Competitive Advantage 20%, Impact in Chile 40%

Application Walktrough

  1. Application Walkthrough
  2. Application Process Q&A

Previous Winners

2013 - 17
Founder Startup Hometown State Year
Arjun R Pillai Profoundis Thiruvalla, Pathanamthitta Kerala 2013
Ram Papineni AppVirality Telengana Telengana 2014
Aswin Shibu Abraham Sous Chef Pampady, Kottayam Kerala 2015

Resources

References

  1. Application Link
  2. Tips to For Your Startup Chile Application
  3. How to get into Startup Chile, here’s an unedited application and Video

Discussion

Follow the discussion on this reddit thread