Start-up Chile is a global accelerator program which offers $40k in “equity free” seed capital to participants who set up business in Chile.
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Created by the Chilean Government and executed by Corfo, Start-Up Chile seeks to attract early-stage high potential entrepreneurs to bootstrap their startups using Chile as a platform to go global. During the program, participants, who must be in Chile, receive US$40k of equity-free seed capital, a 1-year work visa, and access to local financial and social networks.
The six month program plans to bring 1,000 startups to Chile by 2014.