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Get $40k grant for your startup. Live in Chile for 6 months.

startupchile.org

21–30 of 78 posts

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#21

i live in chile, although i work for us companies. when this was announced i was pretty sceptical, but it does seem to be making a significant difference to the local culture. there is a lot more "buzz" - many more meetings, job offers, companies appearing. there's even a conference being organised - http://www.startechconf.com

Do you know if they are targeting a specific geographic area? I'm guessing most everything will be coming out of Santiago.

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#22
post #19

Earlier quoted context omitted.

there's a lot of info at http://www.quora.com/Hows-life-in-Santiago-Chile but basically: if it's imported, it's more expensive than the usa, but if it's local then it's less so. so the cost of living depends a lot on your standard of living. if you want all the luxuries you might expect in the usa or europe, you'll need to spend a similar amount. but if you're happy living in a cheap part of town, eating local fresh…

What about non-Santiago parts of Chile? If I were going to spend six months in Chile I might be tempted to forego the metropolis and find a nice town by the seaside or the mountains (both of which seem to be pretty easy to find in Chile). But are there "nice" areas outside the big city, or is all the wealth concentrated in Santiago?

I studied in Valparaiso and Vina del Mar - both very nice places on the beach about 1.5 hours from Santiago. It's a pretty modern place with all the shopping of a city of 200K in the US.

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#23
post #13

What's the cost of living like down there? What's the equivalent of ($40k in Chile) in a typical US city? i.e. ($40k in Chile = $x in Atlanta). Seems like a cool program, just trying to understand how far that $40k would go (or even the $5k that you can pay yourself).

there's a lot of info at http://www.quora.com/Hows-life-in-Santiago-Chile but basically: if it's imported, it's more expensive than the usa, but if it's local then it's less so. so the cost of living depends a lot on your standard of living. if you want all the luxuries you might expect in the usa or europe, you'll need to spend a similar amount. but if you're happy living in a cheap part of town, eating local fresh…

How about health care, in terms of cost and quality?

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#24

I got a survey from these guys a few weeks ago and it had cc'd over 400 applicant emails, including mine, for all to see.

looking at the web site some time ago also gave me the impression it's not thatwell planed prices. lots of missing info.

no wonder every thread about it raises the same basic questions.

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#26
post #7

I met one of the associate directors of Startup Chile last night at a Hackers & Founders event. These people are amazing. They are trying to revamp their economy by changing the culture, and to do that, they want to import startup culture. So, their government has set aside $100M over the next four years to get 1,000 startups to come to Chile for six months and work. But even more than that, their vision is much larg…

Free lunch ? Or do they want equity ? Can't leave Chile for X years ? Must have headquarters there ?

they get you 40k and u have to put in 4k from your own pocket (the 40k are in the form of reimbursements - u spend something, they give u back in the following month). U have to spend the 40k during the 6 months (can't spend it all in one month for instance) and of course, you have to spend it in business-related stuff, like salaries, software, marketing, etc (they won't reimburse coffee or if you buy a car!) The contract you sign is very clear: there are no strings attached apart from having to keep someone here for 6 months and presenting reports to get the reimbursements. So it's no "free lunch" - it's just a great example of what governments could (and should) be doing with their money. It fosters innovation, that alone is a huge return of investment for the country..

disclaimer: I'm in StartupChile's first class of 2011 (Novelo team from Brazil) and LOVE, LOVE, LOVE it. I'd be here even if they offered ZERO dollars!

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#27
post #25

how much is 40k in chile? can i and 2 other cofounders move there and have a good place to stay each? ...maybe one or two with the wifes?

you can only spend 350k pesos per founder, from those 40k. The rest should be used for other expenses, such as hiring, software (housing/rent is also refundable outside the 350k cap), etc.

350k pesos = 760 usd/month, which allows for some pretty ok living (a decent meal runs for 3-4k pesos, subway tickets are 500 pesos and so on).

I'm here with my wife, there's a guy here with SEVEN kids. :)

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#28
this is a very silly question, but what are the odds they will accept founders from Asia? i'm Indonesian currently working in Malaysia. if the odds are good, i'm willing to try. i don't want to waste my and their time submitting application if i know they favor certain countries of origin (i just pessimistically think they're luring people from Valley and the like, not just some random countries).

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#29
post #19

Earlier quoted context omitted.

there's a lot of info at http://www.quora.com/Hows-life-in-Santiago-Chile but basically: if it's imported, it's more expensive than the usa, but if it's local then it's less so. so the cost of living depends a lot on your standard of living. if you want all the luxuries you might expect in the usa or europe, you'll need to spend a similar amount. but if you're happy living in a cheap part of town, eating local fresh…

What about non-Santiago parts of Chile? If I were going to spend six months in Chile I might be tempted to forego the metropolis and find a nice town by the seaside or the mountains (both of which seem to be pretty easy to find in Chile). But are there "nice" areas outside the big city, or is all the wealth concentrated in Santiago?

I have the impression, from having had a look at the program, that they want you to be involved and available, which I suppose isn't that much to ask, given that the only other real string attached is to stay in Chile for 6 months. This would likely mean staying in Santiago.

BTW, for andrewcooke or anyone else there: how's transportation there? Can you get by with public transportation? Are cars cheap? Do they drive well or like maniacs?

Re: Get $40k grant for your startup. Live in Chile for 6 months.

#30
post #7

Earlier quoted context omitted.

Free lunch ? Or do they want equity ? Can't leave Chile for X years ? Must have headquarters there ?

there's more discussion at http://www.quora.com/Startups-in-Chile/Would-you-develop-you... but in short there aren't that many catches - certainly no equity (i would guess that people here in chile realise 40k really isn't that much in american terms; the payoff is in the numbers and the culture, not taking a stake in your particular business) [edit: also, getting a visa here is not hard. you don't need to win that g…

Could you share some of your experiences working in Chile? Where did you move there from? Did you already know Spanish? Have you enjoyed living & working there?
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