Global Entrepreneurship Monitor - Reporte Nacional Chile 2009
START%UP(CHILE(AND(THE(CHILEAN(...
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STARTUP CHILE AND THE CHILEAN ENTREPRENEURSHIP ECOSYSTEM May 16, 2016 SOFÍA DEL SANTE | IMPACT & NETWORKS DIRECTOR
Transcript of START%UP(CHILE(AND(THE(CHILEAN(...
START-‐UP CHILE AND THE CHILEAN ENTREPRENEURSHIP ECOSYSTEM
May 16, 2016
SOFÍA DEL SANTE | IMPACT & NETWORKS DIRECTOR
DO YOU KNOW CHILE?
CHILE? LIKE CHILI SAUCE, RIGHT?
HOW DID IT ALL START?
THE BEGINNING
ENTREPRENEURIAL CONTEXT IN 2009
LACK OF GLOBAL STARTUPS
ISOLATED MENTALITY
LOW INNOVATION
NO INSTITUTION SUPPORT
LOOKING FOR DEVELOPMENT
THE BEGINNING
VISION & MISSION
GOAL 1 CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA GOAL 2 CHANGING THE CHILEAN MINDSET
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
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…
START-UP CHILE ONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD
FROM 2010 TO 2015
+70 COUNTRIES +1,100 STARTUPS
+3,000 ENTREPRENEURS
NATIONAL & INTERNATIONAL PRESS
+4,000 PUBLICATIONS WORLDWIDE
FROM CHILE TO THE WORLD
RICO
PERU
JAMAICA
BRAZIL
MALAYSIA
SOUTH KOREA
6 COUNTRIES REPLICATING THE START-UP CHILE MODEL
PUERTO
+50 COUNTRIES CREATED A STARTUP PROGRAM AFTER START-UP CHILE
ECONOMICAL IMPACT
RESULTS
+USD $380 Million
+700 Startups (out of the ~ 1200 that have finished
the program)
*By April 29th 2016
FUNDS RAISED GLOBALLY (INFORMED BY OUR STARTUPS)
X 8.4 CORFO
INVESTMENT
CHILE AS A PLATFORM FOR LATAM AND THE WORLD
+1,200 STARTUPS ALUMNI 504 SELLING IN CHILE
42% OPP. IN CHILE
42%
SALES FROM CHILE
13x CORFO INVESTMENT/YEAR TOTAL CORFO INVESTMENT 2015:
USD $11.9 MILLION/YEAR
USD $155.5 MM / LAST 12 MONTHS
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 & INVESTORS TRAINING
250 STARTUPS/YEAR | 2 BATCHES/YEAR EACH
WHO CAN APPLY?
Think and go Global!
Technology-based products
and services
Concept stage or prototype ready - Depending on
the program
Depending on the program
What will be your impact
in Chile?
Founder MUST live
in Chile
GLOBAL TECHNOLOGY PRODUCT/ SERVICE
TIME IMPACT CHILE
SELECTION PROCESS
UNITED KINGDOM
URUGUAY
COLOMBIA
VENEZUELA
ITALY
OTHER
2%
1%
14%
3%
3%
CHILE
UNITED STATES
BRASIL
38%
9%
7%
PERU
INDIA
ARGENTINA
5%
4%
4%
3%
GEN 16 MOST REPRESENTED COUNTRIES
GEN 16 INDUSTRIES
29% 23% 11% 10% 5% 3% 2% 2% 1% 1% 1% 3%
INF
OR
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RIS
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IN S
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VIC
ES
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CH
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AS
SIS
TAN
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RV
ICE
S
E N
VIR
ON
ME
NT
SELECTION PROCESS
PITCH FINALE: 80 - 100 PARTICIPANTS/EACH SUPPERS + ACCELERATORS
TECH EVENING: 150 PARTICIPANTS/ EACH SUPPERS + PROFESSIONALS + INVESTORS + ACCELERATORS
2016 CALLS
TSF Seed Scale July 4th - July 18th August 16th - September 6th June 7th - June 28th
March 2017 January 2017 November 22nd
SOCIAL NETWORKS
FOLLOW US!
@STARTUPCHILE
STARTUPCHILE
@STARTUP_CHILE
START-UP CHILE
/STARTUPCHILE
@STARTUP_CHILE
CHILEAN ENTREPRENEURSHIP ECOSYSTEM
CHILEAN ENTREPRENEURIAL ECOSYSTEM
GLOBAL ENTREPRENEURSHIP INDEX 2016
#16 CHILE
L e a d i n g c o u n t r y within the South and Central America and Caribbean
region with 63
#1 UNITED STATES
At a historical high of 86.2 #9
UNITED KINGDOM
Leading european country with 67.7
#19 UNITED ARAB EMIRATES
Leading country within the Middle East/North Africa region with 61.4
#52 SOUTH AFRICA
Leading country within the Sub-Saharan Africa region with 38.5
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.
Political & economical
stability
Highly qualified and globally competitive labor force
Less difficulties and more
opportunities to test products
(regulation and geography)
Tax Friendly in LATAM and a lot of other countries (US
Pending)
TALENT TESTING TAXES STABILITY
WHY CHILE?
LIVING
Cost of living in Santiago:
USD $1,000 - $1,500 / month
WOMEN
Women Friendly (6th country in the
global index for women
entrepreneurs)
LEADERSHIP IN VC IN LAC
10
0
30
20
40
50
70
60
80
Overall score (max=100)
AR
GE
NT
INA
| 40
BR
AZ
IL |7
2
CH
ILE
|74
CO
LO
MB
IA |6
0
CO
STA
RIC
A |5
6
JAM
AIC
A |4
6
ME
XIC
O |6
5
PAN
AM
A |5
0
PE
RU
|49
UR
UG
UA
Y |5
4
DO
MIN
ICA
N R
EP
UB
LIC
|42
0,00
0,05
0,10
0,15
0,20
0,25
0,35
Private equity/venture capital investments (% of GDP)
0,30
AR
GE
NT
INA
| 0.
028
BR
AZ
IL |
0.19
5
CH
ILE
| 0.
336
CO
LO
MB
IA |
0.17
6
CO
STA
RIC
A |
0.09
8
PE
RU
| 0.
066
ME
XIC
O |
0.10
2
PAN
AM
A |
0
UR
UG
UA
Y |
0
DO
MIN
ICA
N R
EP
UB
LIC
| 0.
027
JAM
AIC
A |
0
Source: Scorecard Lavca Update 2016
14 in 9 cities, fostering 772 Capital raised by startups from Top 2 performing incubators startups, US$ 30M sales. Angel Investors US$ 9M. raised a total of US$ 2M in 2014.
Total sales US$ 31M.
PARTNERS IN CRIME
OUR ECOSYSTEM
PUBLIC INSTITUTIONS
COWORKS, FABLABS &
MAKER SPACES
ACCELERATORS & INCUBATORS
MENTORS NETWORKS
ANGEL INVESTORS NETWORKS
VENTURE CAPITAL & PRIVATE EQUITY FUNDS
+40 +70 +40 +10 +10 +52
The Brand
ATACAMA DESERT, CHILE
The Brand
ATACAMA DESERT, CHILE
The Brand
THANK YOU! www.startupchile.org
