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The story of Chile's entrepreneurial revolution

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The story of Chile's entrepreneurial revolution

  1. 1. The Brand CATALINA BRÄUCHLE | HEAD OF COMMUNICATIONS MOLDOVA ICT SUMMIT | APRIL 27th ,2016 The story of Chile’s entrepreneurial revolution
  2. 2. DO YOU KNOW CHILE? CHILE? LIKE CHILI SAUCE, RIGHT?
  3. 3. START-UP CHILE ONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD
  4. 4. FROM 2010 TO 2015 +1,100 STARTUPS +70 COUNTRIES +3,000 ENTREPRENEURS
  5. 5. HOW DID IT ALL START?
  6. 6. THE BEGINNING ENTREPRENEURIAL CONTEXT IN 2009 LACK OF GLOBAL STARTUPS ISOLATED MENTALITY LOW INNOVATION NO INSTITUTION SUPPORT LOOKING FOR DEVELOPMENT
  7. 7. 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
  8. 8. GOVERNMENT ROLE MINISTRY OF ECONOMY Chilean Economic Development Agency GRANT VISA CHILEAN ID
  9. 9. VISION & MISSION GOAL 1 CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA GOAL 2 CHANGE THE CHILEAN MINDSET
  10. 10. ATTRACTING FOREIGN ENTREPRENEURS “ENTREPRENEURSHIP REQUIRES TALENT REGARDLESS OF THE NATIONALITY” NICOLÁS SHEA
  11. 11. WHAT DO WE OFFER? TALENTED PEOPLE FROM THE ENTIRE WORLD LIVING IN CHILE ONE YEAR WORKING VISA AND SOFT LANDING TRAINING, MENTORS, CONNECTIONS & PERKS CO-WORKING SPACE ($0) EQUITY FREE MONEY
  12. 12. START-UP CHILE METHODOLOGY OPERATIONS MARKETING & COM SOCIAL IMPACT & NETWORKS ACCELERATION EXPERIENCE Selection Process Word of Mouth (meetups) Platoons Soft Landing Entrepreneurial Events Upcoming Events Demo Day Sup Academy Meetups & WorkshopsInternational Mentor Network Sup Lunch Alliances with other entities Recognition Program Give 10% of time Newsletter Press Give Grant Financial Follow-Up
  13. 13. IN EXCHANGE OF WHAT? SOCIAL IMPACT: GIVE BACK TO OUR SOCIETY
  14. 14. IN EXCHANGE OF WHAT? 4,549 ACTIVITIES IMPLEMENTED 208,656 PEOPLE ATTENDED
  15. 15. AFTER 5 YEARS…
  16. 16. 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.
  17. 17. NATIONAL & INTERNATIONAL PRESS +4,000 PUBLICATIONS WORLD WIDE
  18. 18. NATIONAL & INTERNATIONAL PRESS
  19. 19. ECONOMICAL IMPACT
  20. 20. 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
  21. 21. 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
  22. 22. 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
  23. 23. SALES FROM CHILE x 3.5 CORFO INVESTMENT/YEAR TOTAL CORFO INVESTMENT 2015: USD $11.9 MILLION/YEAR USD $41.5 MM / YEAR
  24. 24. GLOBAL ENTREPRENEURSHIP INDEX 2016 SOUTH AFRICACHILE UNITED STATES UNITED KINGDOM UNITED ARAB EMIRATES #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
  25. 25. FROM CHILE TO THE WORLD PUERTO RICO PERU JAMAICA BRAZIL MALAYSIA SOUTH KOREA 6 COUNTRIES REPLICATING THE START-UP CHILE MODEL +50 COUNTRIES CREATED A STARTUP PROGRAM AFTER START-UP CHILE
  26. 26. SUCCESS CASES LAB 4U TRANSFORMING YOUR SMARTPHONE INTO A SCIENCE LAB
  27. 27. BUREO SKATEBOARDS BOARDS MADE OUT OF RECYCLED FISHING NETS SUCCESS CASES
  28. 28. BABY BE KEEPING PREMATURE BABIES CONNECTED TO THEIR MOTHERS SUCCESS CASES
  29. 29. START-UP CHILE NOW
  30. 30. 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
  31. 31. OUR VALUES DARE NOT TO BE SQUARE #DO IT YOURSELF THE TRIBE CREATE EXTRAORDINARY THINGS HEAD AND HEART BALANCEFACE VALUE NEVER STOP
  32. 32. WHO CAN APPLY? Think and go Global! Technological based products and services Concept stage or prototype ready - Depending on the program Depending on the program What’s going to be your impact in Chile? Founder MUST live in Chile GLOBAL TECHNOLOGY PRODUCT/ SERVICE TIME IMPACT CHILE
  33. 33. 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
  34. 34. GEN 16 INDUSTRIES 31% INFORMATIONANDCOMMUNICATIONTECHNOLOGIES 29% OTHER 9% EDUCATION 8% HEALTH 5% TOURISM 3% CULTURE 2% SUPPLYCHAINSERVICES 2% AGRICULTURE 1% ENERGY 1% ENVIRONMENT 1% ARTISANAL 1% WATER 1% INFRASTRUCTURE/FACILITIESDEVELOPMENT 1% HOUSINGDEVELOPMENT 1% TECHNICALASSISTANCESERVICES 4% FINANCIALSERVICES ATTRACTION PROCESS
  35. 35. PITCH FINALE: 80 - 100 PARTICIPANTS/EACH SUPPERS + ACCELERATORS
  36. 36. TECH EVENING: 150 PARTICIPANTS/ EACH SUPPERS + PROFESSIONALS + INVESTORS + ACCELERATORS
  37. 37. SOCIAL NETWORKS FOLLOW US! @STARTUPCHILE STARTUPCHILE @STARTUP_CHILE START-UP CHILE /STARTUPCHILE @STARTUP_CHILE
  38. 38. The Brand ATACAMA DESERT, CHILE
  39. 39. The Brand ATACAMA DESERT, CHILE
  40. 40. The Brand THANK YOU! CATALINA BRÄUCHLE | HEAD COMMUNICATIONS @catabrauchle | catalina@startupchile.org

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