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

startupchile.org

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

#71

Post by ebaysucks »

bazookaBen wrote: post #64
wiradikusuma wrote: post #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).

if you watched This Week in Startup, there's an episode where Jason and Jose were pitched on the ideas worked at StartupChile. the first was from brazil. second from Italy. Third was boston. No silicon valley in sight!

Which Twist episode was this?

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

#73

Post by ebaysucks »

limedaring wrote: post #40

Last I looked at this, I thought one of the requirements was that your startup had to directly affect Chile, like providing jobs or something of that sort. Am I completely incorrect or is there something on there with that provision?

There is a checklist of things they like to see. Hiring locally is one of the points in the list, but you only need to do a few items on the list so you can get by with scoring an article in your hometown paper, going to a Chile event, etc. Also, even if you don't need developers you can hire a Spanish speaking assistant to do all the admin work and contacts with the government. The list of things you can do is in the FAQ & Terms, see startupchile.org

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

#74

Post by ebaysucks »

lawfulfalafel wrote: post #57

I looked at the application sheet, is it preferable to already have incorporated before applying? Or is that a no-no like YC?

You need to incorporate in Chile upon arrival (they help you with that), so I don't see how being incorporated in your own country would help because that company would just become a subsidiary to the Chile parent.

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

#75

Post by ebaysucks »

gcb wrote: post #65
herval wrote: post #51

Earlier quoted context omitted.

rent is not on that 350k limit (u can spend up to 600k a month in rent, which is enough for a pretty nice place - I currently pay 300k and live in the trendiest city in town) if you're bringing family here, don't expect to be able to feed everyone on restaurants two times a day, every day of the week. That's impractical on basically ANY city, if you have a family. Alas, if you're planning that, you should not even be…

ah nice to know all that. thanks so, updating my back of the envelope math for the monthly costs: ~US$700 rent ~US$700 for 'living' (food, transport, etc) ~US$4000 for paying two extra junior programers that will take you around 7 months to burn the 40k. maybe 6 if account for the trip and initial set-up. interesting.

I'm doing my business plan right now and what you say is about right. Don't forget to have some budget for operating expenses - services like github, mailchimp, accounting program really add up...

Of course you can assume your revenue will cover those.

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

#77

Post by jameskennedy »

ebaysucks wrote: post #71
bazookaBen wrote: post #64

Earlier quoted context omitted.

if you watched This Week in Startup, there's an episode where Jason and Jose were pitched on the ideas worked at StartupChile. the first was from brazil. second from Italy. Third was boston. No silicon valley in sight!

Which Twist episode was this?

You can see the TWIST episode at ...

http://twistsantiago.com/2011/07/28/thisweekinstartups-comes...

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