How to Apply for Startup Chile

HOW TO APPLY FOR STARTUPCHILE

by someone who has been accepted twice

Friday 14 December 12

WHERE IS CHILE?

You know you want me to tell you


WHERE IS CHILE?

GMT - 5Dry, warm climate

(Santiago)Spanish is the official

language25% more expensive than

Cape Town



Barnardo O’Higgins



Salvador Allende



Salvador Allende

Augusto Pinochet



Salvador Allende

Sebastián Piñera

Augusto Pinochet


THE BIG IDEA


WHAT DO YOU GET?

• US$40,000 to spend on your company

• A 1 year work visa

• ‘Soft landing’

• Bilingual program office

•Office space


• Spend 6 months in Chile

• Contribute to local entrepreneurship

• Run meet-ups / attend events / mentor or hire local staff

• Keep accurate spending records

• Takes about 1.5 days per month

WHAT IS EXPECTED IN RETURN?



STARTUPCHILE SO FAR

• 550+ teams accepted since late 2010

• 1,000+ entrepreneurs

• ~US$22.5 awarded

• Closes in 2014 (maybe)

• +could end at any time!


10%22%

18%42%

8%

Scaling Sales Beta Scaling OpsPrototyping Idea

WHO HAS BEEN ACCEPTED?


WHO HAS BEEN ACCEPTED?

• Social Media

• E-Commerce

• Education

• IT + Enterprise

• Travel


JUDGING CRITERIA

• Applicant (33%)

•Network (33%)

• Project (17%)

•Market (17%)


THE APPLICANT

• Have they done something impressive in their career?

• Have they experience leading a company?

•Do they have global ambition?

• Strong recommendation letters?


NETWORK• How well connected are

they?

• How could their team impact the Chilean eco-system?

• How well articulated is their plan?

• JUST AFTER THE $$?


THE PROJECT

• Have they a creative + interesting pitch?

•Does it threaten to disrupt a market?

• Is it attractive and feasible?

•Does the team have access to intellectual property / technology?


MARKET

•Market size? Can they achieve leadership?

•Do they know who they are targeting?

•Do they understand their present / future competition?

• Competitive Advantage?


0

375

750

1,125

1,500

ApplicantsJudging

ShortlistSelected

THE PROCESS


VIDEO MISTAKES

•Not showing the founder team in person

•Not doing your own voice over / commentary

• Low production values

• Spending < than a day on the video


NATE LUSTIG

• nathanlustig.com


• Round 7: March 4th, 2013, closed: April 2rd, 2013.

• Round 8: June 10th, 2013, closed: July 9th, 2013

• Round 9: September 9th, 2013, closed: October 8th, 2013

•

STARTUPCHILE.ORG/APPLY


LET’S TALK

• [email protected]

•@jameskennedy

• In Cape Town till the 17th


mailto:[email protected]

mailto:[email protected]

Documents

How to Apply for Startup Chile