Amount: $ 40,000
Target: International startups
From January 9th to the 30th, startups from all over the globe will be able to apply to Start-Up Chile Seed. All entrepreneurs that want to participate in the No. 1 accelerator in Latin America must apply according to the requirements and instructions.
The selected entrepreneurs will obtain a equity free fund of 40K USD, a workspace and an acceleration process to grow their business, among other benefits.
Seed accommodates early stage entrepreneurs who will strengthen the enterprise environment, support the culture of innovation in Chile and connect with Latam to grow from the region to the world.
•You may apply as either a Natural Person or as a Chilean Legal Person. A Chilean Legal person is suitable for Chilean companies. In this case, the company will be the beneficiary of Start-Up Chile funding. 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!
•Less than 3 years
Your startup cannot be older than 3 years. We are looking for early start ventures.
Your team leader and team must be 100% dedicated to the project. We ask that team members are not employed by other companies during their participation in the Start-Up Chile program. These terms apply to Chilean participants also.
•You will need to explain why you are coming to Chile to do business and how you will use Chile as as a platform to go global.
•Consulting companies, export/import companies and franchises are not eligible as they are not easily scalable globally.
•The startup will receive funding 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. 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. Startups are also eligible to apply for an additional $10MM Chilean pesos to develop their enterprise in other cities out of the Santiago, for an additional period of 6 months after their initial stage.
•Accelerations and 6 month experience
During your 6 month experience in Chile, Start-Up Chile will accelerate and support your business. You will also be a part of an inclusive and energetic environment with other like-minded entrepreneurs to have the experience of a lifetime. We have built this program to help you to accelerate your business. Also, Start-Up Chile is here to be sure that you will have a life time experience in Chile, the best country in Latam for startups.
•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 central co-working space for up to 9 months after their arrival to the program, free of charge.
How to apply
To apply you will need to submit an application using online platform. 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.
Startups are asked to create a 90 seconds video including: What problem/pain are you solving?, What solution are you proposing to this particular problem, why does it have a global reach?, Why is this unique? and where is the technology that makes it highly scalable? The founder must be in front of the camera. They do not accept animated videos.
You only need to provide the e-mail address of your reference.
What are you waiting for? APPLY NOW!
Find more details on the following link http://www.startupchile.org/programs/seed/