Startups find free money in South America – CNN Money

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start up chile

Start-Up Chile offers $40,000 of equity-free funding to entrepreneurs who move to Chile for six months to work on their projects.


A year ago, Hugo Bernardo thought he was right where the co-founder of a tech startup belonged: Silicon Valley. Now, he’s running his company Easy Vino from South America and most of his customers are restaurant owners in São Paulo.

What changed? Bernardo took advantage of Start-Up Chile, one of several South American initiatives luring entrepreneurs from abroad. In 2010, he moved to Chile where the government gave him $40,000 to help grow his business.He’s not alone. Since 2010, the Chilean government has offered $40,000 of equity-free funding to startups accepted into its program Start-Up Chile. Read more here

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