the story of chile's entrepreneurial revolution
TRANSCRIPT
The Brand
CATALINA BRÄUCHLE | HEAD OF COMMUNICATIONS
MOLDOVA ICT SUMMIT | APRIL 27th, 2016
The story of Chile’s entrepreneurial revolution
DO YOU KNOW CHILE?
CHILE? LIKE CHILI SAUCE, RIGHT?
START-UP CHILEONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD
FROM 2010 TO 2015
+1,100 STARTUPS+70 COUNTRIES
+3,000 ENTREPRENEURS
HOW DID IT ALL START?
THE BEGINNING
ENTREPRENEURIAL CONTEXT IN 2009
LACK OF GLOBALSTARTUPS
ISOLATEDMENTALITY
LOWINNOVATION
NO INSTITUTIONSUPPORT
LOOKING FORDEVELOPMENT
NICOLÁS SHEA
• Earthquake 8.8 in Chile
• Rebuild country & economy
• US Visas denied to Foreigners
• Incorporating foreigners best way to connect a country to the world
THE BEGINNING
GOVERNMENT ROLE
MINISTRY OF ECONOMY
Chilean Economic Development Agency
GRANT VISA CHILEAN ID
VISION & MISSION
GOAL 1CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA
GOAL 2CHANGE THE CHILEAN MINDSET
ATTRACTING FOREIGN ENTREPRENEURS
“ENTREPRENEURSHIP REQUIRES TALENT REGARDLESS OF THE NATIONALITY”
NICOLÁS SHEA
WHAT DO WE OFFER?
TALENTED PEOPLE FROMTHE ENTIRE WORLD LIVING IN CHILE
ONE YEAR WORKINGVISA AND SOFT LANDING
TRAINING, MENTORS,CONNECTIONS & PERKS
CO-WORKING SPACE ($0)
EQUITY FREE MONEY
START-UP CHILE METHODOLOGY
OPERATIONS MARKETING & COM
SOCIAL IMPACT& NETWORKS
ACCELERATION EXPERIENCE
Selection Process Word of Mouth (meetups)
Platoons Soft Landing Entrepreneurial Events
Upcoming EventsDemo Day Sup Academy
Meetups & WorkshopsInternational
Mentor NetworkSup Lunch
Alliances with other entities
Recognition Program
Give 10% of time
Newsletter
Press
Give Grant
Financial Follow-Up
IN EXCHANGE OF WHAT?
SOCIAL IMPACT:GIVE BACK TO OUR SOCIETY
IN EXCHANGE OF WHAT?
4,549 ACTIVITIES IMPLEMENTED 208,656 PEOPLE ATTENDED
AFTER 5 YEARS…
RESULTS
“The best country for business in Latin America” December 2015.
“The best country for innovation in Latam” January 2016.
“The most innovative country for early stage entrepreneurs” January 2015.
NATIONAL & INTERNATIONAL PRESS
+4,000 PUBLICATIONS WORLD WIDE
NATIONAL & INTERNATIONAL PRESS
ECONOMICAL IMPACT
ROI IN CHILE
Just considering the impact that our startups are doing from Chile, we have 4 to 5 times the Chilean government investment
INVESTMENT RETURN
RESULTS
+250 Startups (out of the 1054 that have finished
the program)
+USD $180 Million
Total CORFO investment to date $21.149.861.737 CLP ~$30.607.615 USD
(USD691)
FUNDS RAISED GLOBALLY (INFORMED BY OUR STARTUPS)
x 5.8 CORFO
INVESTMENT
CHILE AS A PLATFORM FOR LATAM AND THE WORLD
10.3%
1,054 STARTUPS ALUMNI 334 IN CHILE
OF THE TOTAL FOREIGN FOUNDERS STAY IN CHILE
32% RETENTION
SALES FROM CHILE
x 3.5 CORFO INVESTMENT/YEARTOTAL CORFO INVESTMENT 2015:
USD $11.9 MILLION/YEAR
USD $41.5 MM / YEAR
GLOBAL ENTREPRENEURSHIP INDEX 2016
SOUTHAFRICACHILE
UNITEDSTATES
UNITEDKINGDOM
UNITED ARABEMIRATES
#16
#1
#9
#19
#52
Is the leading country within South and Central America and Caribbean
region with 63
Is at a historical high of 86.2
Is the leading european country with 67.7
Is the leading country within the Sub-Saharan Africa region with 38.5
Is the leading country within the Middle East/North Africa region with 61.4
FROM CHILE TO THE WORLD
PUERTORICO
PERU
JAMAICA
BRAZIL
MALAYSIA
SOUTHKOREA
6 COUNTRIES REPLICATING THE START-UP CHILE MODEL
+50 COUNTRIES CREATED A STARTUP PROGRAM AFTER START-UP CHILE
SUCCESS CASES
LAB 4U
TRANSFORMING YOUR SMARTPHONE INTO A SCIENCE LAB
BUREO SKATEBOARDS
BOARDS MADE OUT OF RECYCLED FISHING NETS
SUCCESS CASES
BABY BE
KEEPING PREMATURE BABIES CONNECTED TO THEIR MOTHERS
SUCCESS CASES
START-UP CHILE NOW
START-UP CHILE PROGRAMS
THE S FACTORY SEED SCALE
20-30 startups/batch≈ USD$14,000
80-100 startups/batch ≈ USD$30,000
15 startups/batch ≈ USD$85,000
PROTOTYPE VALIDATE SCALE
MARKET & INVESTORSTRAINING
250 STARTUPS/YEAR | 2 BATCHES/YEAR EACH
OUR VALUES
DARE NOT TO BE
SQUARE
#DO IT YOURSELF
THE TRIBE
CREATE EXTRAORDINARY
THINGSHEAD AND
HEART BALANCEFACE VALUE NEVER STOP
WHO CAN APPLY?
Think and go Global!
Technological based products
and services
Concept stage or prototype ready - Depending on
the program
Dependingon the program
What’s going to be your impact
in Chile?
Founder MUST live
in Chile
GLOBAL TECHNOLOGY PRODUCT/SERVICE
TIME IMPACT CHILE
ATTRACTION PROCESS
INDIA
VENEZUELA
UNITED KINGDOM
MEXICO
RUSSIA
OTHER14%
1%
3%
1%
2%
3%
CHILE45%
BRAZIL11%
UNITED STATES9%
ARGENTINA5%
PERU3%
COLOMBIA3%
GEN 16 MOST REPRESENTED COUNTRIES
GEN 16 INDUSTRIES
31%
INFO
RMA
TIO
N A
ND
CO
MM
UN
ICA
TIO
N T
ECH
NO
LOG
IES
29%
OTH
ER
9%
EDU
CATI
ON
8%
HEA
LTH
5%
TOU
RISM
3%
CU
LTU
RE
2%
SUPP
LY C
HA
IN S
ERVI
CES
2%
AG
RIC
ULT
UR
E
1%
ENER
GY
1%
ENVI
RO
NM
ENT
1%
AR
TISA
NA
L
1%
WA
TER
1%IN
FRA
STR
UCT
UR
E/ F
ACI
LITI
ES D
EVEL
OPM
ENT
1%
HO
USI
NG
DEV
ELO
PMEN
T
1%
TECH
NIC
AL
ASS
ISTA
NCE
SER
VICE
S
4%
FIN
AN
CIA
L SE
RVIC
ES
ATTRACTION PROCESS
PITCH FINALE: 80 - 100 PARTICIPANTS/EACH SUPPERS + ACCELERATORS
TECH EVENING: 150 PARTICIPANTS/ EACHSUPPERS + PROFESSIONALS + INVESTORS + ACCELERATORS
SOCIAL NETWORKS
FOLLOW US!
@STARTUPCHILE
STARTUPCHILE
@STARTUP_CHILE
START-UP CHILE
/STARTUPCHILE
@STARTUP_CHILE
The Brand
ATACAMA DESERT, CHILE
The Brand
ATACAMA DESERT, CHILE
