Talented entrepreneurs from all over the world are invited to apply to be part of the program. The startup will receive funding towards 90% of total program costs 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.
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 their central co-working space for up to 9 months after their arrival to the program, free of charge.
- Startups cannot be older than 3 years;
- Team leaders and teams must be dedicated to the project;
- As part of application, candidates will need to explain why they are coming to Chile to do business and how they will use Chile as a platform to go global.