Start-Up Chile opens applications for Generation 21 seed programme

Chilean seed accelerator Start-Up Chile has opened applications for its Generation 21 seed programme. Startup founders from around the world looking to scale into Latin America have up until 4 September to apply.

Start-up Chile, which is an initiative of the Chilean government, announced that it had opened applications to its seed programme in a blog post on Tuesday (20 July).

Tomorrow (24 July) at 2pm Chilean time (8pm Central African Time) the Start-Up Chile team will stream an event on their Facebook page which will explain the application process.

In the blog post last week Start-Up Chile executive director Sebastian Diaz said the accelerator is on the hunt for global entrepreneurs who want to grow and scale their businesses from Chile to Latin America and the rest of the world.

Start-Up Chile Generation 21 seed programme participants will each receive a $40 000 equity-free investment as well as a year-long working visa

“Through the work we do in our acceleration programme with our partners, our networks, and alumni, we help startups to scale to other markets,” said Diaz.

Entrepreneurs selected to join the seven-month long accelerator programme will receive a $40 000 zero-equity investment, access to workspace, and a one-year working visa. In addition, programme participants can also opt for additional funding of $40 000.

To be considered for the programme — which entails mentoring, pitch training, and workshops — startups must be under three years old, have a functional product and early validation, as well as a global perspective with a clear expansion strategy.

Featured image: Start-Up Chile via Twitter