13 Sep '12, 9pm

How Start-Up Chile Is Attracting Startups From Singapore, London, and San Francisco

Socialance is a startup out of London that has moved to Santiago, Chile, for six months. The reason for the move is pretty straightforward: Start-Up Chile is giving the company $40,000 without taking any equity stake. And the rent is relatively cheap. Start-Up Chile, which was here at Disrupt San Francisco, has attracted about 500 companies to its startup program since 2010. The program ends its first phase in 2014. By then, it will have provided grants to 1,000 companies for a total of $40 million. During the three days of Disrupt, I talked to companies from Start-Up Chile that hail from Singapore, Canada, and New Zealand. The effort is helping Chile create what Executive Director Horacio Melo calls a “mini” Silicon Valley. The differentiator is the ease with which international companies are able to go to Chile for the six-month experience. The Chilean government manages...

Full article: http://techcrunch.com/2012/09/13/how-start-up-chile-is-at...

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