Chile Attracts Entrepreneurs

Chile offers $ 40 thousand to entrepreneurs to live six months in Chile, raising capital, hiring people, creating and doing business.

Monday, January 17, 2011

The Chilean government announced the 2011 version of the Start-Up Chile program, which in 2010 created 25 groups of entrepreneurs, generating specific results already constituting companies with international impact.

Start-Up Chile is a program by the Government of Chile in order to attract world class entrepreneurs to start their business in Chile.

According to an article in, the Minister of Economy, Development and Tourism, Juan Andrés Fontaine, stated: "We want to transform Chile into the center of innovation in South America, attracting foreign talent in order to generate and exchange culture and knowledge with entrepreneurs in our country. We want global entrepreneurs, who see globalization as something essential if we are to compete with developed countries."

Applications will open in February and instead of starting with 100 entrepreneurs as planned, it will start with 300, totaling 1,000 over four years. The Start-Up Chile Program has attracted worldwide media attention with articles in The Economist, BusinessWeek, Forbes, TechCrunch, etc.

See: website of Start-Up Chile

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

5 Keys to Success for Modern Enterprises

February 2012

Five principles on which to build a business based on the experience of Richard Branson, whose successes were cemented by the best lesson, failure.

Find a strong niche that differentiates your business from similar companies, have the courage to go forward with your ideas, gain the ability to beat bigger rivals, and finding funds to help the business grow and interconnect, are the keys suggested for those who want to start up their own company, from the man they call the "entrepreneur of entrepreneurs."

Entrepreneurs with no Reasoning

January 2011

Nonconformists are those who believe, against all reason, that things can be done differently and better. These are the brightest entrepreneurs.

They are of crazy ideas. Often misunderstood by their social environment and even businesses, which are usually conservative and risk averse.

First Tuesday Opens in Panama

May 2010

It fosters entrepreneurship by creating business networks; they connect innovators and entrepreneurs with angel investors.

In Latin America, First Tuesday already operates in El Salvador and Chile, and is expected to open soon in Argentina, Colombia and Peru.

José Chen Barría is the executive director of Panama’s Foundation for Economic and Social Development (Fudespa), and responsible for bringing the program to Panama.

Better be Employee than Businessman

October 2009

This is how we are raised in Latin America, disapproving or disliking those who earn a lot of money as businessmen.

Latin America does not foster entrepreneurship. Education, specially high school, rises us with the goal of getting a good job, as opposed to owning a business.