Start-Up Chile: In Search of the Next 100 Global Startups

Since its inception, Start-Up Chile has received a considerable amount of attention for its search for bootstrappers who receive equity-free seed capital of $40,000 and a 1-year work visa in the South American country. Recently it announced the opening of its seventh round of applications—looking to select, fund, and host up to 100 startups while giving them access to a global network for those determined to make their projects global.

Start-Up Chile’s stated goal is to position the country as the innovation and entrepreneurship hub of Latin America. Since the program´s opening on 2010, more than 580 startups coming from 50 different countries have participated.

Applicants will be able to submit their applications until April 9th. The program is open to people of all nationalities, whether they live in Chile or not. Participants must commit to live in Chile for at least 6 months and will receive a 1 year work visa, $40,000, and work space so they can work on their startups. Applicants will receive a letter of acceptance/rejection on May 23, 2013.

Potential applicants should check the Terms & Conditions and FAQs in order to learn more about the selection process.

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