26 Start-Up Chile startups that have launched
shippedfromchile.com
shippedfromchile.com
Personally I'll say that being here is very nice, it is great to avoid having to take on client consulting work to pay the mortgage. Things could be better (reimbursements, mentoring, access to more money) but things are a lot better for me than if I'd stayed back in the UK. I'm going to meet 1,000 pro-active folk out here in the following 5 months, I'd not find that many in the UK via my old networks.
Food costs are similar to Europe / US. If you do eat cheaply you'll have more personal cash to spend on other things / save to stretch out your stay.
Basically we get to live in a city for the cost of a small UK city which, for us, is quite a nice deal. Nobody else has complained about the amount of money (which comes for 0% equity), the problems are more around the govt. bureaucracy and the refund process which saps time. We jut got almost 100% of our requests first month reimbursements back at a time-cost of 1.5 days.
At the end of the day we've got $20k USD to invest in people and $20k to live off here. Fine for MVP->launch (we're 3 weeks from alpha launch with http://strongsteam.com/ ).
I had a skim through the FAQs on the startup chile site but couldn't find a direct answer.
If you're a sole founder I recommend putting them on your application form as you'll be able to reimburse more for accommodation, salary, flights and visas which are probably your main costs.