I'm curious how effective that was? Anyone here part of that program? Was there ever a follow up by Startup chile on whether it was successful?
The entrepreneurs that travel to Chile get equity free funding and have to help build the ecosystem (either through teaching, sharing their network, running events, etc). There are 3 classes of startups a year, 100 startups in each batch, so the network of smart people grows and more of that knowledge is shared with local Chilean entrepreneurs (and entrepreneurs from other parts of Latin America who will likely stay because of the economy/opportunities here).
If anyone has questions about the program, happy to talk more about it. I have had a great experience.
The program in itself is not as involved in the success of the startup as other accelerators because it doesn't take any equity in your startup.
It certainly has managed to attract entrepreneurs but the success will be short-lived unless it can also attract investors which it hasn't been able to do so far.