Overview
Start-Up Chile, founded in 2010 by the Chilean Government, is a trailblazing seed accelerator situated in Santiago. As part of CORFO, Chile's economic development agency, it aims to propel high-potential tech entrepreneurs on a global scale, providing an essential platform for startups at various stages of development. Recognized as the first public startup accelerator, Start-Up Chile is dedicated to creating economic impact from Chile to the world, having supported over 3,000 startups.
Key Achievements
- Global Sales Impact: Entrepreneurs associated with Start-Up Chile have generated over $1 billion in sales worldwide, reaching competitive markets like the United States.
- Capital Raised: Startups within its portfolio have secured funding exceeding $1.2 billion.
- Portfolio Valuation: The portfolio is valued at over USD 5.8 billion, highlighting Start-Up Chile's substantial influence on the global startup ecosystem.
Programs and Opportunities
Start-Up Chile offers a variety of programs, including Build, Ignite, and Growth, which address different development stages of startups. These programs are designed to empower entrepreneurs through equity-free grants, mentorship, and access to a broad support network of investors and corporate partners.
Leadership
- Ángeles Romo: As the CEO, Romo oversees strategic development and operations, spearheading initiatives that aid tech-based startups.
- Amparo Paredes: As the Chief Marketing Officer since December 2022, Paredes is integral in promoting Start-Up Chile's programs and fostering crucial partnerships.
Strategic Focus
The accelerator emphasizes promoting female entrepreneurship and international talent. Start-Up Chile's Female Founder Factor aims to empower women within the ecosystem, successfully enhancing participation from women and foreign talents.
Notable Alumni
Prominent alumni of Start-Up Chile include startups such as NotCo and Lab4U, which have made significant contributions through their innovative solutions in respective industries.
Contact Information
- Headquarters: Agustinas 640, Piso 16, Santiago, Chile
- Office Phone: 600 586 8000
- Co-working Space: Monjitas 565, Piso 5, Santiago, Chile
Financials
- Estimated Annual Revenue: $71.8 million
- Revenue Per Employee: Approximately $200,000
- Number of Employees: 359
- Employee Growth: Increased by 6% over the past year.
Competitors
Start-Up Chile faces competition from firms like iSpot.tv, Mediaspectrum, and Segmento. Below are some financial and operational metrics of these competitors:
- iSpot.tv: Estimated revenue of $78.2 million with 385 employees; employee growth is down by 2%.
- Mediaspectrum: Annual revenue approximately $3.8 million, employing 30 individuals, and experiencing employee growth reduction of 3%.
- Segmento: Also earns $3.8 million annually, has 53 employees, but shows a 13% decrease in employee growth.
Strategic Insights
Start-Up Chile is distinguished by its equity-free support mechanism, which attracts a diverse array of innovative start-ups to the nation. By promoting local entrepreneurial talent and capacity building, it sets a benchmark for other regional accelerators. The agency's concerted efforts to enhance Chile's competitive position as a tech and innovation hub in Latin America are evidenced by its continuous commitment to attracting globally diverse entrepreneurs.
Competitive Edge
The key advantage of Start-Up Chile is its inclusive platform allowing startups to grow without financial constraints related to equity dilution, making it attractive to foreign entrepreneurs seeking Latin American expansion. This initiative supports the Chilean government's broader goal of transforming and elevating the nation's economic landscape through innovation and international collaboration.
