The story of Chile's entrepreneurial revolution
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Transcript of The story of Chile's entrepreneurial revolution
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The Brand
CATALINA BRÄUCHLE | HEAD OF COMMUNICATIONS
MOLDOVA ICT SUMMIT | APRIL 27th, 2016
The story of Chile’s entrepreneurial revolution
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DO YOU KNOW CHILE?
CHILE? LIKE CHILI SAUCE, RIGHT?
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START-UP CHILEONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD
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FROM 2010 TO 2015
+1,100 STARTUPS+70 COUNTRIES
+3,000 ENTREPRENEURS
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HOW DID IT ALL START?
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THE BEGINNING
ENTREPRENEURIAL CONTEXT IN 2009
LACK OF GLOBALSTARTUPS
ISOLATEDMENTALITY
LOWINNOVATION
NO INSTITUTIONSUPPORT
LOOKING FORDEVELOPMENT
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NICOLÁS SHEA
• Earthquake 8.8 in Chile
• Rebuild country & economy
• US Visas denied to Foreigners
• Incorporating foreigners best way to connect a country to the world
THE BEGINNING
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GOVERNMENT ROLE
MINISTRY OF ECONOMY
Chilean Economic Development Agency
GRANT VISA CHILEAN ID
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VISION & MISSION
GOAL 1CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA
GOAL 2CHANGE THE CHILEAN MINDSET
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ATTRACTING FOREIGN ENTREPRENEURS
“ENTREPRENEURSHIP REQUIRES TALENT REGARDLESS OF THE NATIONALITY”
NICOLÁS SHEA
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WHAT DO WE OFFER?
TALENTED PEOPLE FROMTHE ENTIRE WORLD LIVING IN CHILE
ONE YEAR WORKINGVISA AND SOFT LANDING
TRAINING, MENTORS,CONNECTIONS & PERKS
CO-WORKING SPACE ($0)
EQUITY FREE MONEY
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START-UP CHILE METHODOLOGY
OPERATIONS MARKETING & COM
SOCIAL IMPACT& NETWORKS
ACCELERATION EXPERIENCE
Selection Process Word of Mouth (meetups)
Platoons Soft Landing Entrepreneurial Events
Upcoming EventsDemo Day Sup Academy
Meetups & WorkshopsInternational
Mentor NetworkSup Lunch
Alliances with other entities
Recognition Program
Give 10% of time
Newsletter
Press
Give Grant
Financial Follow-Up
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IN EXCHANGE OF WHAT?
SOCIAL IMPACT:GIVE BACK TO OUR SOCIETY
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IN EXCHANGE OF WHAT?
4,549 ACTIVITIES IMPLEMENTED 208,656 PEOPLE ATTENDED
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AFTER 5 YEARS…
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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.
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NATIONAL & INTERNATIONAL PRESS
+4,000 PUBLICATIONS WORLD WIDE
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NATIONAL & INTERNATIONAL PRESS
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ECONOMICAL IMPACT
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ROI IN CHILE
Just considering the impact that our startups are doing from Chile, we have 4 to 5 times the Chilean government investment
INVESTMENT RETURN
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RESULTS
+250 Startups (out of the 1054 that have finished
the program)
+USD $180 Million
Total CORFO investment to date $21.149.861.737 CLP ~$30.607.615 USD
(USD691)
FUNDS RAISED GLOBALLY (INFORMED BY OUR STARTUPS)
x 5.8 CORFO
INVESTMENT
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CHILE AS A PLATFORM FOR LATAM AND THE WORLD
10.3%
1,054 STARTUPS ALUMNI 334 IN CHILE
OF THE TOTAL FOREIGN FOUNDERS STAY IN CHILE
32% RETENTION
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SALES FROM CHILE
x 3.5 CORFO INVESTMENT/YEARTOTAL CORFO INVESTMENT 2015:
USD $11.9 MILLION/YEAR
USD $41.5 MM / YEAR
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GLOBAL ENTREPRENEURSHIP INDEX 2016
SOUTHAFRICACHILE
UNITEDSTATES
UNITEDKINGDOM
UNITED ARABEMIRATES
#16
#1
#9
#19
#52
Is the leading country within South and Central America and Caribbean
region with 63
Is at a historical high of 86.2
Is the leading european country with 67.7
Is the leading country within the Sub-Saharan Africa region with 38.5
Is the leading country within the Middle East/North Africa region with 61.4
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FROM CHILE TO THE WORLD
PUERTORICO
PERU
JAMAICA
BRAZIL
MALAYSIA
SOUTHKOREA
6 COUNTRIES REPLICATING THE START-UP CHILE MODEL
+50 COUNTRIES CREATED A STARTUP PROGRAM AFTER START-UP CHILE
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SUCCESS CASES
LAB 4U
TRANSFORMING YOUR SMARTPHONE INTO A SCIENCE LAB
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BUREO SKATEBOARDS
BOARDS MADE OUT OF RECYCLED FISHING NETS
SUCCESS CASES
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BABY BE
KEEPING PREMATURE BABIES CONNECTED TO THEIR MOTHERS
SUCCESS CASES
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START-UP CHILE NOW
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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 & INVESTORSTRAINING
250 STARTUPS/YEAR | 2 BATCHES/YEAR EACH
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OUR VALUES
DARE NOT TO BE
SQUARE
#DO IT YOURSELF
THE TRIBE
CREATE EXTRAORDINARY
THINGSHEAD AND
HEART BALANCEFACE VALUE NEVER STOP
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WHO CAN APPLY?
Think and go Global!
Technological based products
and services
Concept stage or prototype ready - Depending on
the program
Dependingon the program
What’s going to be your impact
in Chile?
Founder MUST live
in Chile
GLOBAL TECHNOLOGY PRODUCT/SERVICE
TIME IMPACT CHILE
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ATTRACTION PROCESS
INDIA
VENEZUELA
UNITED KINGDOM
MEXICO
RUSSIA
OTHER14%
1%
3%
1%
2%
3%
CHILE45%
BRAZIL11%
UNITED STATES9%
ARGENTINA5%
PERU3%
COLOMBIA3%
GEN 16 MOST REPRESENTED COUNTRIES
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GEN 16 INDUSTRIES
31%
INFO
RMA
TIO
N A
ND
CO
MM
UN
ICA
TIO
N T
ECH
NO
LOG
IES
29%
OTH
ER
9%
EDU
CATI
ON
8%
HEA
LTH
5%
TOU
RISM
3%
CU
LTU
RE
2%
SUPP
LY C
HA
IN S
ERVI
CES
2%
AG
RIC
ULT
UR
E
1%
ENER
GY
1%
ENVI
RO
NM
ENT
1%
AR
TISA
NA
L
1%
WA
TER
1%IN
FRA
STR
UCT
UR
E/ F
ACI
LITI
ES D
EVEL
OPM
ENT
1%
HO
USI
NG
DEV
ELO
PMEN
T
1%
TECH
NIC
AL
ASS
ISTA
NCE
SER
VICE
S
4%
FIN
AN
CIA
L SE
RVIC
ES
ATTRACTION PROCESS
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PITCH FINALE: 80 - 100 PARTICIPANTS/EACH SUPPERS + ACCELERATORS
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TECH EVENING: 150 PARTICIPANTS/ EACHSUPPERS + PROFESSIONALS + INVESTORS + ACCELERATORS
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SOCIAL NETWORKS
FOLLOW US!
@STARTUPCHILE
STARTUPCHILE
@STARTUP_CHILE
START-UP CHILE
/STARTUPCHILE
@STARTUP_CHILE
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The Brand
ATACAMA DESERT, CHILE
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The Brand
ATACAMA DESERT, CHILE