Start-Up Chile, a seed accelerator created by the Chilean Government to provide equity free investment for qualified startups from across the globe.
These year’s program starts from January 9th to the 30th and startups from all over the globe have been invited to apply to Start-Up Chile Seed to stand a chance to obtain a equity free fund of 40K USD, a workspace and an acceleration process to grow their business, among other benefits.
The accelerator is open to startups with less than 3 years of development and from any country around the globe. Successful applicants will access 7 months of mentorship where participants share with other founders from more than 80 countries.
The selected startups will receive $40,000, up by about $10K. In addition, at the end of the program, the best startups will have the option to apply for another $40K USD to stay longer in the country. Selected companies will get a complete acceleration process, which includes mentoring, pitch training and workshops among other activities.
The foreigners on the program will receive a work visa for one year, so they can grow their business from Chile. The main team must be 100% dedicated to the business and they should have a functional product with early validation.
The applications will be reviewed by experts in innovation, investors and entrepreneurs and published on Friday, May 4th, 2018.