Start-Up Chile evaluation and impact
Updated: Dec 17, 2022
Start-Up Chile Demo Day
Start-Up Chile (SUP) is a public startup accelerator created by the Chilean Government for high-potential entrepreneurs to bootstrap their startups and use Chile as a foundation
Strengthening the domestic ecosystem by attracting foreign entrepreneurs and supporting the local ones: The case of Start-Up Chile
Since 2016, Start-Up Chile’s new goals are to ensure that Chile remains a world hub for technological innovation and to be known as the driver of technological enterprises that impact the domestic economy positively.
SANTIAGO, Chile. On March 26th the ninth version of Start-Up Chile Demo Day will take place in Santiago, where the 18 most prominent startups of the 11th generation will present their ideas to influential national and international investors to raise funds to grow their businesses.
The top 18 were chosen during Pitch Day where they pitched against other companies that also sought to reach the final. • Each team has only five minutes to convince investors that their opportunity is one that should not be missed. After all, the teams have presented, the judges of Demo Day, consisting of special international guests, will decide on the “The Best Startup” of the 11th generation of Start-Up Chile.
During the week of Demo Day, other activities (open to the public) will take place, led by the Start-Up Chile team and special international guests. The activities include workshops with Santiago Zavala (one of the founding partners of Mexican. VC, the startup fund and incubator in Mexico City, now a Partner at 500 Startups) and Marcelo Sales (Time and Mobile) which will be held at the CETOF building (Av Providencia 229) from March 24th to the 26th.
Entrepreneurs from the 12th generation of the famed Start-Up Chile early-stage business incubator will attempt to capture investors' attention on a Demo Day to be held on Thursday (Aug 6) in Santiago.
Some 20 start-ups from the previous 12th generation of Start-Up Chile and 70 other companies will have a mere five minutes to pitch their proposals and convince international and national investors of their ideas, vision, and business model.
The company deemed the best from Start-Up Chile's 12th generation will win a trip to meet more investors in Silicon Valley.
In April, Start-Up Chile selected 90 companies for its 13th generation. The program, run by the country's business development agency Corfo, awards foreign and local start-ups 20mn pesos (US$29,000) in funding.
Chilean consultancy Best Innovation will take a group of Chilean executives on a tour of Silicon Valley from August 16-21 on a "Global Vision Tour", where participants will have the opportunity to connect with companies such as Google to explore new ideas and business models.
In previous versions of the tour, more than 60 executives took part, from companies including airline LAN, Telefónica Chile, DirecTV, Scotiabank, and winery Viña Maipo.
Bárbara Silva, director of Best Innovation and also the Chilean ambassador for Singularity University, said executives are currently looking for a new way of learning from experience and from the protagonists of many of the success cases.
Companies participating from Silicon Valley include Google, Indiegogo, IDEO, and the Silicon Valley Bank.
Source: Patrick Nixon (bnamericas.com)