“Chile mustbecometheinnovationhubofSouth America”Juan Andrés Fontaine, MinisterofEconomy
Pilot 2010Bootstrapabroadprogram$40k Grant +1yr ResidentVisa +6 monthsprogram + SoftlandingwithProgramOffice + EventswithAngels/VCs + Business Mentor: Local network + Insertin toEntrepreneurialCommunity +  Access totalent: recruiting =>Blog www.startupchile.org>Applywww.corfo.cl/startupchile>Email	palto@startupchile.org>Twitter@startupchile
Connect:leveragetalent & network
OurCommunityChilean-basedStartupScene
c. $300m outstandingin Angel / VC money
Bootstrapexpense comparison
RecruitingTalent (1)Average salaries perselectedmajors
RecruitingTalent (2)Average salaries perselectedmajors
Talent PoolStrongtechandengineerbasedWorld Economic ForumThe Global CompetitivenessReport 2009–2010
RubyonRailsChileanfamiliaritywithPreferedframework: CakePhp (1st) and Ruby onRails (2nd)
Most of the Web developers in Chile use a PHP Framework (CakePhp, Codeigniter, Symfony, etc), after that it will come Ruby on Rails, and then Django or Java framework as Struts, Grails, etcStartupsusingRoR
InternetScenev Silicon Valley======6.2m monthlyvisitors (Ranked #19 by Google DoubleClick Ad Planner)6.9m users ~40% population (Ranked #17 by Facebook Data)13.2% ofreach (Ranked #10 by marketpenetration by Comscore)Internet penetration: 8.3m users ~50% population(Ranked #35 by InternetWorldStats.com)16.7m mobilephones  +100% population (by Subtel.cl) ~100,000 Smartphones (Start-Up Chile estimation)
Gov’tprograms (1)InnovaChile
Gov’tprograms (2)InvestChile
SELASummit @ Stanford
A PlatformMarketChile: more FTA in theworld
MNCs in ChileBuilding global service centers Increasing value added and complexity

Miami ppt