Startup Chile Seed program attracts world-class entrepreneurs to do business in Chile. 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 our region to the world.

Eligibility criteria

Applicants

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!

Not ELIGIBLE

Unfortunately we do not accept consulting companies, export/import companies and franchises as they are not easily scalable globally.

Less than 3 years

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Your startup cannot be older than 3 years. We are looking for early start ventures.

Dedicated 100%

Your team leader must be 100% dedicated to the project. Optionally, the participation of up two natural persons who form part of the founding team and who are duly specified during the application process may be considered. These terms apply to Chilean participants also.

Why Chile?

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.

Funding

Equity free money

The startup will receive an equity free fund of CLP $25MM, 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.

Accelerations & 6 month experience

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. You will also be a part of an inclusive and energetic environment with other like-minded entrepreneurs to have the experience of a lifetime. The project duration could be up to 9 months, which may be extended only once and for up to 1 additional month.

Benefits

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.

How to apply

Startup Chile Seed program is now open!

Application Process closes: August 27th, 5 pm (GMT-4/Chilean Time)
Results: November 29th, 2019
Program Starts: February, 4th, 2020
Next application process for Generation Seed24: January 7th, 2020
To apply you will need to submit an application using our 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.

For more information,please visit https://www.startupchile.org/programs/seed/

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