Startup Chile - $40k grants available | Hacker News Reader

Startup Chile - $40k grants available

corfo.cl

15 pointsimajes7 comments

Absolutely amazing how fast the turnaround times for acceptance/refusal are, 2 weeks!

Also, this page is in English and it says you don't need to know Spanish in the FAQ but the linked form for a visum is in Spanish only.

From the FAQ: "During your 6 to 12 month stay entrepreneurs should seek to achieve the goals stated on their proposed action plan. We will be monitoring and helping you to accomplish those goals."

So this is a temporary situation, not a permanent one!

PDF with average salaries:

http://www.corfo.cl/startupchile/download/Avg_Salaries_USD.p...

This thread has come up a couple of times:

Just wanted to point out that even if you get the grant, 1) they are reimbursing you 90% of your startup budget rather than giving $40k cash money, so 2) you have to put in the other 10% which is 4k.

I don't know if you can just budget $44k as salary but I highly doubt it, so you'll need to be able to spend the money to get it.

And there are quite a few reporting requirements. As well as a term that states that until the final reports are in you are responsible for all the costs (that's month 6) so I take that to mean that you have to finance all the costs up to that point out of pocket, or they might claim it back if you don't report in time and in the way required.

Chile its a wonderful country. I've been there several times. Its capital, Santiago has beautiful neighborhoods and they have this place they like to call something like their own Wall street center since all the big fancy pants companies are pretty much in the same block. Many of them speak english and they have a strong economy. I just cant find any cons of setting up in Chile a startup. Interesting.

Bummer, it's only for people that live abroad.

From the FAQ:

Do I need to be in Chile to apply? No. Applications can be sent worldwide. Do I need to be of Chilean nationality? No. The program is open to entrepreneurs of all nationalities, including Chileans.

Please read the terms & conditions http://www.corfo.cl/startupchile/download/Technical_and_admi...

Specific Objectives:

i) To attract 25 entrepreneurs with residence abroad, to Chile during 2010 with the purpose to implement a Business Plan in Chile, through the application of a project.

Beneficiaries:

Natural person, national or foreign, with residence abroad, that have innovative business plans for global markets and wish to develop them in Chile, may apply.

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