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Chilean business accelerator Start-Up Chile has called on early-stage tech startups from around the world that are led by female founders to apply for its four month long pre-acceleration programme, The S Factory.
The programme aims to help female entrepreneurs turn their ideas into viable businesses.
In a post on its blog last Thursday (16 May), Start-Up Chile, an initiative of the Chilean government, said participants of the programme will each receive up to $25 000 in equity free funding, a year-long work visa, as well as free co-working space.
The S Factory programme is aimed at female-led early-stage projects or startups that are under a year old
Applications for the programme will close next Tuesday (28 May). The names of those that have been accepted into the accelerator will be announced on 21 June. The S Factory programme will itself commence on 19 August.
To be considered for the programme, entrepreneurs must have a startups that is under a year old and be led by at least one person — who is over 18 years old — who identifies as female.
Prospective applicants must also have a clear expansion strategy and a real interest in working in Chile.
S Factory participants are set to benefit from mentoring workshops and connections with global and corporate networks.
In addition, those selected for the programme will get to interact with entrepreneurs from more than 85 countries.
The accelerator aims to attract foreign, high-potential entrepreneurs to come to Chile to bootstrap their businesses with the end goal of converting Chile into the innovation and entrepreneurial hub of Latin America.
Apart from The S Factory, some of Start-Up Chile’s other programmes are:
- Seed: This six-month long acceleration programme is aimed at companies with a functional product and early validation
- Huella: The six-month long Huella acceleration programme is aimed at projects with an economic, social and environmental impact
Featured image: Santiago, Chile (12254307 via Pixabay)