Tag: generacion ocho startup chile

Startup Chile Generation 8 Application Help

Startup Chile is opening the eighth round of applications today, June 10th. This application period will run from June 10th until June 27th with the winners being announced August 29th. In the round seven application process 1577  startups from more than 57 countries applied for the right to come to Chile for $20m Chilean pesos (US$42,000). Chile invited 100 of the 1577 companies who applied and they will begin to arrive July 3rd.

Startup Chile has become more competitive as the number of applications has grown. Round seven had applications grow from 1421 in round six to 1577. More than 1700 companies will likely apply to Round 8. More than 600 companies have already gone through the program since the pilot round in 2010.

It’s a great program, especially for entrepreneurs who are bootstrapping or already have developed a product but need more time to figure out the correct business model for their business. It’s a perfect fit if you’re looking to target the South American market.

My company, Entrustet, was part of the pilot phase of Start-Up Chile and I’ve been in Chile since November 2010. I blogged extensively about my experiences in the program and in Chile, along with advice on how to get selected for Start-Up Chile. I tracked down the stats from the pilot round companies a year later, which was published on The Next Web. I also wrote Startup Chile 101, the book that will tell you everything you need to know about living, working and doing business in Chile.

Since the third round, I’ve helped startups review their applications and prepare them to get accepted into Startup Chile. Overall I’ve now reviewed, 35 applications for prospective Startup Chile teams and 20 have been accepted.

Round 3 – 6/9 66%
Round 4 – 3/4 75%
Round 5 – 3/6 50%
Round 6 – 3/6 50%
Round 7 – 5/10 50%

Overall: 20/35 57%

In rounds five through seven, 6.4% of applicants were accepted into the program and 50% of the applications I’ve reviewed have made it. Three companies had applied two times previously and were accepted after we worked together. Another team needed to completely redo their video and we worked together to make it happen. I thought two more of the teams that I worked with completely deserved to make it in this round.

I can help you craft an application that emphasizes the criteria that the judges are looking for, correct your grammar into perfect English and give you the tips you need to have the best chance at getting selected.

If you need help with your application, please contact me. Editing, writing, review, advice. I charge a small flat fee to review and edit your application, plus a larger success fee if you are selected for the program after I’ve helped you.

Want help? Got questions? Want a quote? Email me: nate at nathanlustig dot com or fill out my contact form.

Note: I WILL NOT write paid letters of recommendation.