Start-Up Chile: A Gateway to Latin America’s Thriving Startup Ecosystem

The world of entrepreneurship is brimming with opportunities, but for early-stage startups, finding the right support system is crucial. If you’re looking to launch or scale your startup in Latin America, one name that consistently stands out is Start-Up Chile. Created by the Chilean government, this public accelerator has been pivotal in reshaping the entrepreneurial landscape of not only Chile but the entire region.

In this blog post, we’ll explore what Start-Up Chile is, the programs it offers, its benefits, eligibility criteria, and how you can apply to be part of this groundbreaking ecosystem.

🌍 What is Start-Up Chile?

Start-Up Chile (SUP) is a government-funded accelerator program launched in 2010 by CORFO, Chile’s economic development agency. Its primary aim is to attract global entrepreneurs to Chile and transform the country into an innovation hub of Latin America.

SUP provides equity-free funding, mentorship, co-working space, visa support, and access to one of the most vibrant entrepreneurial ecosystems in South America. Over the past decade, it has supported more than 2,000 startups from over 80 countries.

🧠 Why Start-Up Chile Matters

Start-Up Chile has become a benchmark for government-backed innovation programs. Here’s why it’s a game-changer:

• Non-dilutive funding: Entrepreneurs receive capital without giving away equity.
• Global community: It’s a melting pot of global innovation with teams from across the globe.
• Gateway to Latin America: Chile is a great entry point to test, scale, and expand throughout the region.
• Robust support: Access to experienced mentors, investors, and local networks.

📦 Start-Up Chile Programs Overview

Start-Up Chile offers three core programs, each tailored for a different stage in a startup’s lifecycle:

1. Build (formerly The S Factory)

Designed for early-stage female-led startups with a prototype or MVP.

• Funding: $10,000 USD (equity-free)
• Duration: 4 months
• Focus: Encouraging women entrepreneurs to bring ideas to life.

2. Ignite

This program supports startups with a validated product looking to enter the market.

• Funding: $30,000 USD (equity-free)
• Duration: 4–6 months
• Focus: Market entry, initial traction, and customer acquisition.

3. Growth

For mature startups with traction and the potential to scale in Latin America.

• Funding: $80,000 USD (equity-free)
• Duration: 6 months
• Focus: Regional expansion and scaling operations.

💼 Additional Benefits for Entrepreneurs

• Visa support: One-year work visa for international founders.
• Mentorship: Access to seasoned entrepreneurs and business experts.
• Workspaces: Free co-working space in Santiago and other partner cities.
• Investor connections: Pitch days and networking events with angel investors and VCs.
• Corporate partnerships: Collaboration opportunities with local enterprises.

🌎 Who Can Apply?

Start-Up Chile is open to international and Chilean founders. Here are the typical eligibility criteria:

• Must have an innovative, scalable business model.
• English-speaking team members are preferred (program is conducted in English).
• No need to be incorporated in Chile at the time of application.
• Founders must relocate to Chile for the program duration.

📝 How to Apply for Start-Up Chile

1. Choose the right program based on your startup stage.
2. Prepare the required documents: pitch deck, business plan, and team bios.
3. Submit your application via the official SUP website during the open call.
4. If shortlisted, participate in an online interview.
5. Await the selection results and begin visa and relocation arrangements.

Application periods are announced several times a year, so it’s crucial to follow their social media or subscribe to their newsletter.

📊 Success Stories from Start-Up Chile

Start-Up Chile alumni include startups like:

• The Not Company (NotCo): Now a unicorn in the plant-based food space.
• Fintual: A fintech platform revolutionizing investment in Latin America.
• Jooycar: An IoT-based insurtech firm expanding across the continent.

These companies began their journey with the support of Start-Up Chile and now operate on a global scale.

🌱 The Impact of Start-Up Chile

• Over $2 billion USD raised by alumni collectively.
• Created tens of thousands of jobs across Latin America.
• Built a network of global entrepreneurs based in Chile.

According to World Bank and OECD reports, Start-Up Chile has been instrumental in increasing the quality and quantity of entrepreneurial activity in the region.

🤔 Is Start-Up Chile Right for You?

If you’re an early-stage founder, want equity-free funding, and are open to relocating to Latin America, then Start-Up Chile could be a golden opportunity.

It’s not just about funding — it’s about becoming part of a dynamic, innovative, and supportive ecosystem that is pushing the boundaries of what’s possible in emerging markets.

📌 Final Thoughts

Start-Up Chile represents more than just a startup accelerator — it’s a movement aimed at empowering innovation, connecting cultures, and redefining the startup narrative in Latin America.

Whether you’re building the next fintech unicorn, a social impact platform, or an AI solution — SUP could be the launchpad you need.

Ready to take your startup global? 🌍 Start-Up Chile might just be your next big step.