First 9 investments from Start-Up Chile SCALE

May 4, 2015 • STARTUPS

In a move to boost local startup growth, Start-Up Chile SCALE, the follow-on fund backed by the Chilean government made its first nine investments. The nine companies will receive 100.000 dollars each in equity-free funding. In exchange, the founders agree to keep tstart-up-chile-e1363826516109heir companies in Chile for at least a year and serve as mentors to three Chilean startups while they’re there! Sebastian Vidal, Director of Start-Up Chile stated: “In Latin America there’s a lack of experts. You can count on your fingers the success stories that we have. Therefore, the solution for now is recruiting external talent to jump-start the local tech ecosystem through the accelerator, and provide incentives for entrepreneurs to stay in Chile after the program ends”.

 

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500 Startups, ACCELERATORS, Accel Partners, Alibaba, Andreessen Horowitz, ATHENS, Battery Ventures, BERLIN, CAPITALS BUSINESS CIRCLE, CROWDFUNDING, DUBLIN, FinTech, First Round Capital, FUNDING, Goldman Sachs, Google Ventures, GREECE, GREEK STARTUP, GREEK STARTUPS, Greylock Partners, INDEX VENTURES, Insight Venture Partners, INTEL, INTEL CAPITAL, INTERVIEWS, INVESTMENTS, IoT, ISRAEL, JEREMIE OPENFUND II, Khosla Ventures, LAUNCHUB, LONDON, LONDON STARTUPS, MICROSOFT, MOBILE APPS, PARIS, ROCKET INTERNET, SAN FRANCISCO, SEEDCAMP, Sequoia Capital, STARTUP, STARTUPBOOTCAMP, STARTUPS, UBER, UK
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