Startup Chile Selects 101 Companies for 5th Batch; 4 Indian Startups

Monday September 03, 2012 , 2 min Read

Start-Up Chile is a program created by the Chilean Government in 2010 that seeks to attract early stage, high-potential entrepreneurs to bootstrap their startups in Chile, using it as a platform to go global. The program is executed by Corfo via InnovaChile. The end goal of the accelerator program is to convert Chile into the definitive innovation and entrepreneurial hub of Latin America; this is a mission shared by the Government of Chile and is a primary focus of the Ministry of Economy.

The program gives US$40,000 of equity-free seed capital, and a temporary 1-year visa to develop their projects for six months, along with access to the most potent social and capital networks in the country.

In it's 5th batch now, Start-Up Chile received a pool of 1509 applicants out of which 101 have been selected and only four are from India: Diabeto, Picovico, Ecoswarm and Treadalong. Geographic Distribution:

Chile: 26%
USA: 24%
Argentina, Brazil and the United Kingdom are other countries having prominent numbers

Major sectors in which these companies fall:

Social Media: 16%
Education: 14%
eCommerce: 13%
IT and Enterprise: 8%

Diabe.to: It is a non-intrusive bluetooth powered hardware device which enables the transfer of glucose readings from a users glucometer into an android device.The readings can then be analyzed easily with the help of an android application; one can select the time frames, analyze the sugar shifts and can even email the graph to the diabetologist for his opinion.

Picovico: It is a video creation tool that makes it easy and fun for everyone to create and share videos using their own pictures, words and music.

Ecoswarm: It is an online platform that is dedicated to sustainable development. EcoSwarm makes it easy for the user to keep up with his/her green interests. It helps one discover the latest in green technologies, business practices, lifestyle choices, products, services, and jobs - filtered and sorted based on what matters to the concerned person.

Treadalong: A stealth mode travel startup that goes by the tagline- share.discover.treadalong.

More about Startup Chile.

[The post was updated after a discrepancy was found]

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