Silicon Valley is no longer the only hotspot for startup activity. Many more startup hotspots are popping up across Latin America, and new programs are not only bringing life to local economies but also helping Latin American entrepreneurs tap into international networks.
I was part of Start-Up Chile’s pilot round in 2010, which was the pioneering equity free accelerator in the world. Chile’s government-backed and equity-free accelerator program is well known for producing a vast network and many startup success stories.
By 2015, Start-Up Chile led to over 1,500 new jobs, its successful graduates raised over $100 million, and the program changed the culture around startups in Chile.
Now, under the direction of executive director Rocío Fonseca, Start-Up Chile offers multiple programs, including The S Factory, designed uniquely for female founders. Through its successes, Start-Up Chile has demonstrated Latin America’s incredible potential and sparked a movement across the region. (more…)