Deadline: 3-May-22
Early-stage startups are now invited to apply for the Build Acceleration Program, where they accelerate projects ranging from a validated idea to an MVP.
Objectives
Attract, promote and create new high-impact technological ventures with a global vision, promoting, in addition, the environment of female entrepreneurship and supporting the strengthening of skills for the development of new businesses that enhance skills / knowledge to undertake and lead, and in this way , the creation of high-impact technology businesses in early stages is encouraged and the gaps between technology ventures led by men versus women are reduced.
- Create and pre-accelerate technological ventures with global growth potential.
- Develop and enhance leadership skills and business development.
- Contribute to the creation of a sustainable, democratic and diverse entrepreneurial ecosystem, facilitating instances of connection between entrepreneurs, investors, companies and organizations.
Benefits
- Early Stage Startups: They look for the best high-impact ventures from a validated idea to an early-stage prototype.
- 4 Months of Pre-Acceleration: The program is tailored to make your startup grow exponentially.
- Equity-Free Financing: In addition to the complete acceleration program, they will give you a fund of 10 million Chilean pesos (approx. 12.5K USD) free of shareholding so that you can grow your business without having to give up a part of it.
- Keep Developing your Business: Possibility of accessing an extension of 5 million Chilean pesos (approx. 6K USD) or moving to the Ignite program to continue developing your business.
- Female Founder Factor: This is a joint initiative! At least 50% of the generation’s startups will be led by women.
- LOS Suppers: They call everyone who goes through the program SUPpers. Annually they receive 2 generations of Build of up to 50 startups each.
Activities
The projects that are presented must contemplate the following activities and/or financeable expenses (with subsidy and/or contributions), which must be destined exclusively to the fulfillment of its objectives:
- Commercial packaging of products or services.
- Prospecting, validation and commercial dissemination.
- Preparation and/or updating of business plans (marketing, commercial strategy, etc.).
- Product certifications in regulatory entities.
- Activities to obtain or increase sales.
- Acquisition of assets considered critical, in the opinion of Corfo, for the development of the enterprise.
- Those activities that allow the initiation of projects with high global growth potential that use Chile as a platform may be considered in the execution of the project.
- Technical, financial and infrastructure management services performed by the Sponsoring Entity in accordance with the provisions which will be paid directly by Corfo to said entity. This activity is mandatory.
- Business salary or remuneration, as appropriate, of the Team Leader and/or executors. In the event that the Team Leader does not budget remuneration for his dedication to the project, his expenses incurred in Chile for accommodation, common expenses and basic services may be budgeted, in accordance with the limitations indicated in the aforementioned number of the Administrative Bases.
Criteria
- Beneficiary (only one, mandatory): It is the participant who benefits from the granting of the subsidy for the execution of a project. In the event that your project is awarded, you will be the recipient of the subsidy, responsible for its execution before Corfo, and will be the active and passive subject of all the rights and obligations established in the subsidy agreement or contract, including the delivery of detailed reports of expenses and activities, carried out by this, other participants and third parties.
- Executor(s) (maximum two) (optional): Optionally, the participation of up to 2 (two) Chilean or foreign natural persons may be considered, who at the time of the application are at least eighteen years of age, and who are duly individualized in said capacity in the respective application form.
- Sponsoring Entity: The Sponsoring Entity is an institution that acts as a specialist intermediary between Start-Up Chile and the beneficiary, which must provide support services for technical monitoring, support for financial monitoring and make available adequate infrastructure so that entrepreneurs carry out a correct execution of the respective project, accompanied by the acceleration methodology of Start-Up Chile, in order to increase the chances of success of their undertakings.
For more information, visit https://startupchile.org/postula/build/