Juan Andrés Fontaine, Chile's Minister of Economy, stated that Chile must become the innovation hub of South America. Chile has over 6 million monthly internet visitors, ranks highly in internet and mobile phone penetration rates, and has an estimated 100,000 smartphone users. Ruby on Rails is familiar to many Chilean developers and some startups use the framework. Chile has a growing startup scene with around $300 million in angel and venture capital funding available.

1. “Chile mustbecometheinnovationhubofSouth America”Juan Andrés Fontaine, MinisterofEconomy

2. 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)

3. RubyonRailsChileanfamiliaritywithPreferedframework: CakePhp (1st) and Ruby onRails (2nd)

4. 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

5. OurCommunityChilean-basedStartupScene

6. c. $300m outstandingin Angel / VC money

7. Connect:leveragetalent & network