Deadline: 18-May-21
Applications are now open for Startup Chile Build Program, a 4-month pre-acceleration program where leaders turn innovative ideas into scalable businesses. Is focused on early-stage startups, with less than 1 year of commercial development.
Two batches of 40-50 startups each are selected per year.
Objectives
- General
- Attract, empower and create new high-impact technological ventures with a global vision, also promoting the environment of female entrepreneurship and supporting the strengthening of skills for the development of new businesses that enhance skills / knowledge to start companies and lead, and in this way, promote the creation of highimpact technology businesses in the early stages and reduce the gaps between technology ventures led by men versus women.
- Specific
- Create and pre-accelerate technological ventures, with potential of global growth.
- Develop and enhance leadership and business development skills.
- Contribute to the creation of a sustainable, democratic, and diverse entrepreneurship ecosystem, facilitating instances of connection between entrepreneurships, investors, companies, and organizations.
Benefits
- As a Start-Up Chile’s Build participant, you will be a part of a groundbreaking entrepreneurial experience. You will have the chance to broaden your thinking and approach opportunities and business in a new way. You will meet other like-minded vibrant entrepreneurs from all over the world and will be able to collaborate with them throughout the program.
- Participants will receive a grant of $10,000,000 CLP (USD 14,000 approx), a 1-year Resident Visa for the founding team specified in the application, connection with the Start-Up Chile Networks (Mentors, Corporates, Investors, and Global), access to their Santiago co-working space, and being part of the biggest startups’ community in Latin America.
Funding Information
- Four-month program.
- Two cohorts per year. Up to 30 startups each.
- Equity-free funding of $25M CLP (Around $35K USD).
- Possibility of an extension of $25M CLP (Around $35K USD).
Expected Results
- Advance the development of the enterprise to a new phase, that is, from idea or concept to prototype; from prototype to minimum viable product; from minimum viable product to validated product; from validated product to product with sales or fundraising; and product with sales and/or fundraising to international scalability.
- Leadership skills and techniques related to business development that allow for the growth of the entrepreneur.
- Connection of the venture to the national ecosystem, attending meetings with potential investors and organizations, with the intention of raising capital and/or generating new customers and partners.
Eligibility Criteria
- The team leader must be +18 years old.
- The team leader must have an exclusive dedication to her startup (full-time job).
- The company must be tech-based with a scalable solution.
- The company must have been created at most 12 months ago before the application opens. If you apply as a legal person, the 12 months will be counted from the date of the legal incorporation of the company. If you apply as a natural person, the 12 months will be counted from the moment when you started commercial validation of your product/service (market approach, interviews, potential clients, launch of websites/social media, etc).
- The team leader has to settle in Chile at least throughout the whole duration of the program or until you’ve spent the entire grant (typically around 5 months).
- If you win the OM CLP extension, then you must stay in Chile until you’ve also spent the extension money (typically 3 more months).
- The team leader cannot be changed after the application is completed, so please make sure to choose the right person.
- Each cohort slightly varies in its Terms and Conditions; make sure to read the ones created for the call you’re applying to Ina.
For more information, visit https://www.startupchile.org/programs/build/