Apply - Start-Up Chile – Applications live now
startupchile.org
Apply - Start-Up Chile – Applications live now
1–10 of 28 posts
Re: Apply - Start-Up Chile – Applications live now
#2The applications would be open until Oct. 27th. I would recommend all of you to apply. $40k without any equity and a chance to live in a beautiful country like Chile should not be missed. Plus, you get to meet entrepreneurs from all over the world.
Re: Apply - Start-Up Chile – Applications live now
#3It's hard to underestimate how great this deal is.
You get a work visa, office space, support network and enough money for rent reimbursement, basic salary (more than ramen btw) AND with what's left you can hire the skills you lack. All this is FREE, you keep 100% of your equity.
Silicon Valley is of course the startup capital, but until there's an incubator that gives you the equivalent in cash ($100K in SV dollars?) and an instant visa (impossible) without taking equity (hah), Chile is the place to be.
Re: Apply - Start-Up Chile – Applications live now
#4The applications would be open until Oct. 27th. I would recommend all of you to apply. $40k without any equity and a chance to live in a beautiful country like Chile should not be missed. Plus, you get to meet entrepreneurs from all over the world.
It still has some strange points: the $40k is a reimbursement -- not a grant or funding. They reimburse you up to 90% of your expenses and expect you to show up with over $5k in cash to support your group until you start getting reimbursed.
It sounds like a great program if you have $10k+ sitting idle and want to extend your runway as far as possible, but it may be a stretch for a zero-customers/zero-products web startup.
Re: Apply - Start-Up Chile – Applications live now
#5I've been reading through the offer and the FAQs. The question I have is: am I forming a Chilean company by participating in this program?
It'd be nice for someone who has participated in this program to jump-in and give their thoughts on the experience.
I remember reading one participant's review of the program that boiled down to: bring more money than you think you'll need and, overall, it was a good experience.
I guess I'll send them an email for clarification on what they're wanting startups to commit to.
Re: Apply - Start-Up Chile – Applications live now
#6The applications would be open until Oct. 27th. I would recommend all of you to apply. $40k without any equity and a chance to live in a beautiful country like Chile should not be missed. Plus, you get to meet entrepreneurs from all over the world.
It still has some strange points: the $40k is a reimbursement -- not a grant or funding. They reimburse you up to 90% of your expenses and expect you to show up with over $5k in cash to support your group until you start getting reimbursed. It sounds like a great program if you have $10k+ sitting idle and want to extend your runway as far as possible, but it may be a stretch for a zero-customers/zero-products web sta…
Yes it is true, reimbursement fills up 90% of all expenses, but allowed salary compensates for the remaining 10% even if the team has only one member. But since the grant money is dispensed via reimbursement you will need ~5-7K of cash per team to start.
Re: Apply - Start-Up Chile – Applications live now
#7I've been reading through the offer and the FAQs. The question I have is: am I forming a Chilean company by participating in this program? It'd be nice for someone who has participated in this program to jump-in and give their thoughts on the experience. I remember reading one participant's review of the program that boiled down to: bring more money than you think you'll need and, overall, it was a good experience. I…
You don't have to incorporate in Chile, but if you want, the grant will pay the legal fees.
Re: Apply - Start-Up Chile – Applications live now
#8It's hard to underestimate how great this deal is. You get a work visa, office space, support network and enough money for rent reimbursement, basic salary (more than ramen btw) AND with what's left you can hire the skills you lack. All this is FREE, you keep 100% of your equity. Silicon Valley is of course the startup capital, but until there's an incubator that gives you the equivalent in cash ($100K in SV dollars?…
you probably meant "hard to overestimate" :)
Re: Apply - Start-Up Chile – Applications live now
#9The applications would be open until Oct. 27th. I would recommend all of you to apply. $40k without any equity and a chance to live in a beautiful country like Chile should not be missed. Plus, you get to meet entrepreneurs from all over the world.
It still has some strange points: the $40k is a reimbursement -- not a grant or funding. They reimburse you up to 90% of your expenses and expect you to show up with over $5k in cash to support your group until you start getting reimbursed. It sounds like a great program if you have $10k+ sitting idle and want to extend your runway as far as possible, but it may be a stretch for a zero-customers/zero-products web sta…
We came to Chile with around US$1500 each (we're a team of two). We could survive (pretty comfortably) till the first reimbursements came in (once you get a bank account which is within a week or two you have around $2000 more at your disposal thanks to the line of credit you get at the banks here).
Yeah, you get reimbursed for 90%. But I think it's fair. As founders we need to have put some money into our start-up and have something to lose when things don't work out for us.
Re: Apply - Start-Up Chile – Applications live now
#10I cant seem to figure out but there is some problem with the forms.. i have all the 'required' fields filled and it still says.. 'One or more required team registration fields were incomplete.' very broad message, could be anything. also in some cases '100 words left' works and in others it doesn't. maybe that's the reason.. but now i can't save my form.