Start-Up Chile is a program of the Chilean Government to attract world-class early stage entrepreneurs to start their businesses in Chile, using it as a platform to go global.
In 2010, the program, at that point just a pilot, brought 22 startups from 14 countries to Chile, providing them with US$40,000 of equity-free seed capital, and a temporary 1-year visa to develop their projects for six months, along with access to the most potent social and capital networks in the country. These selected entrepreneurs were approved by an admission process conducted by Silicon Valley experts and a Chilean Innovation board that focuses ardently on global mindsets and worldwide potential.
The first application process of 2011 brought 87 startups to Chile from over 30 countries, after having received 330 applications– and, during the second process conducted in July of 2011, 650+ startups applied, vying for 100 slots. Start-Up Chile has gained impressive international recognition, having been published in Forbes, The Economist, BusinessWeek, and TechCrunch (among many others) and has inspired spinoffs around the world such as Startup America, Britain, Greece, and Italy.
Blueseed is happy to partner with Start-Up Chile and benefit from the influx of curated startups that have graduated from the program. Seen as a natural extension of their Chilean stay, Blueseed will allow the most promising entrepreneurs to continue their journey to success.