START-UP CHILE AND THE CHILEAN ENTREPRENEURSHIP ECOSYSTEM

Transcription

1 START-UP CHILE AND THE CHILEAN ENTREPRENEURSHIP ECOSYSTEM June, 2016 ASTRID BORGNA CORPORATE BUSINESS DEVELOPMENT

2 CHILE? LIKE CHILI SAUCE,RIGHT? DO YOU KNOW CHILE?

3 HOW DID IT ALL START?

4 THE BEGINNING ENTREPRENEURIAL CONTEXT IN 2009 LACK OF GLOBAL STARTUPS ISOLATED MENTALITY LOW INNOVATION NO INSTITUTION SUPPORT LOOKING FOR DEVELOPMENT

5 THE BEGINNING

6 VISION & MISSION GOAL 1 CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA GOAL 2 CHANGING THE CHILEAN MINDSET

7 WHAT DO WE OFFER? TALENTED PEOPLE FROM THE ENTIRE WORLD LIVING IN CHILE ONE YEAR WORKING VISA AND SOFT LANDING EQUITY FREE MONEY CO-WORKING SPACE ($0) TRAINING, MENTORS, CONNECTIONS & PERKS

8 SOCIAL IMPACT: GIVE BACK TO OUR SOCIETY IN EXCHANGE OF WHAT?

9 4,549 ACTIVITIES IMPLEMENTED 208,656 PEOPLE ATTENDED IN EXCHANGE OF WHAT?

10 AFTER 5 YEARS

11 START-UP CHILE ONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD

12 FROM 2010 TO COUNTRIES +1,100 STARTUPS +3,000 ENTREPRENEURS

13 NATIONAL & INTERNATIONAL PRESS +4,000 PUBLICATIONS WORLDWIDE

14 FROM CHILE TO THE WORLD 6 COUNTRIES REPLICATING THE START-UP CHILE MODEL JAMAICA PUERTO RICO SOUTH KOREA MALAYSIA PERU BRAZIL +50 COUNTRIES CREATED ASTARTUP PROGRAM AFTER START-UP CHILE

15 ECONOMICAL IMPACT

16 RESULTS +USD $380 Million +700 Startups (out of the ~ 1200 that have finished the program) FUNDS RAISED GLOBALLY (INFORMED BY OUR STARTUPS) X 8.4 CORFO INVESTMENT *By April 29th 2016

17 CHILE AS A PLATFORM FOR LATAM AND THE WORLD 42% OPP. IN CHILE 42% +1,200 STARTUPS ALUMNI 504 SELLING IN CHILE

18 SALES FROM CHILE USD $155.5 MM / LAST 12 MONTHS 13x CORFO INVESTMENT/YEAR TOTAL CORFO INVESTMENT 2015: USD $11.9 MILLION/YEAR

19 START-UP CHILE NOW

20 START-UP CHILE PROGRAMS THE S FACTORY SEED SCALE PROTOTYPE VALIDATE SCALE startups/batch USD$14, startups/batch USD$30, startups/batch USD$85,000 TRAINING MARKET & INVESTORS 250 STARTUPS/YEAR 2 BATCHES/YEAR EACH

21 WHO CAN APPLY? GLOBAL TECHNOLOGY PRODUCT/ SERVICE TIME IMPACT CHILE Think and go Global! Technologybased products and services Concept stage or prototype ready - Depending on the program Depending on the program What will be your impact in Chile? Founder MUST live in Chile

22 GEN 16 MOST REPRESENTED COUNTRIES SELECTION PROCESS 38 % 9 % 7 % 5 % 4 % 4 % 3 % 3 % 3 % 2 % 1 % 14 % CHILE UNITED STATES BRASIL PERU INDIA ARGENTINA VENEZUELA UNITED KINGDOM COLOMBIA URUGUAY ITALY OTHER

23 WATER ENERGY TECHNICAL ASSISTANCE SERVICES CULTURE SUPPLY CHAIN SERVICES AGRICULTURE E NVIRONMENT TOURISM HEALTH EDUCATION OTHER INFORMATION AND COMMUNICATION TECHNOLOGIES SELECTION PROCESS GEN 16 INDUSTRIES 1 % 2 % 1 % 1 % 3 % 2 % 3 % 5 % 10 % 11 % 23 % 29 %

24 2016 CALLS TSF Seed Scale July 4 th - July 18 th August 16 th - September 6 th June 7 th - June 28 th March 2017 January 2017 November 22 nd

25 START-UP CHILE & GCC

26 COLLABORATION PL Joint Business CP Collaboration on Technical Product TT Technology Transfer Streaming Meetings: Consulting services and mentorship (Between entrepreneurs & Korean companies) leading to: - Creation of partnerships - Investments - Joint business in leading markets - Internationalization of Chilean and Korean companies with good projections? Bilateral Integration of dynamic and leading markets ( white cards, technical support, etc.). Diffusion & Promotion of the respective programs Technology demand survey: Share new and matching technologies within our large community of entrepreneurs.

27 CHILEAN ENTREPRENEURSHIP ECOSYSTEM

28 CHILEAN ENTREPRENEURIAL ECOSYSTEM

29 GLOBAL ENTREPRENEURSHIP INDEX 2016 #1 UNITED STATES At a historical high of 86.2 #9 UNITED KINGDOM #16 CHILE Leading country within the South and Central America and Caribbean region with 63 Leading european country with 67.7 #52 SOUTH AFRICA #19 UNITED ARAB EMIRATES Leading country within the Middle East/North Africa region with 61.4 Leading country within the Sub-Saharan Africa region with 38.5

30 RESULTS The best country for business in Latin America December The best country for innovation in Latam January The most innovative country for early stage entrepreneurs January 2015.

31 WHY CHILE? TALENT TESTING TAXES STABILITY LIVING WOMEN Highly qualified and globally competitive labor force Less difficulties and more opportunities to test products (regulation and geography) Tax Friendly in LATAM and a lot of other countries (US Pending) Political & economical stability Cost of living in Santiago: USD $1,000 - $1,500 / month Women Friendly (6 th country in the global index for women entrepreneurs)

32 ARGENTINA BRAZIL CHILE COLOMBIA COSTA RICA DOMINICAN REPUBLIC JAMAICA 0 MEXICO PANAMA 0 PERU URUGUAY 0 ARGENTINA 40 BRAZIL 72 CHILE 74 COLOMBIA 60 COSTA RICA 56 DOMINICAN REPUBLIC 42 JAMAICA 46 MEXICO 65 PANAMA 50 PERU 49 URUGUAY 54 LEADERSHIP IN VC IN LAC Private equity/venture capital investments (% of GDP) Overall score (max=100) 0,35 0,30 0,25 0, , , , ,00 0 Source: Scorecard Lavca Update 2016

33 PARTNERS IN CRIME 14 in 9 cities, fostering 772 Capital raised by startups from Top 2 performing incubators startups, US$ 30M sales. Angel Investors US$ 9M. raised a total of US$ 2M in Total sales US$ 31M.

34 OUR ECOSYSTEM PUBLIC INSTITUTIONS COWORKS, FABLABS & MAKER SPACES ACCELERATORS & INCUBATORS MENTORS NETWORKS ANGEL INVESTORS NETWORKS VENTURE CAPITAL & PRIVATE EQUITY FUNDS

35 The Brand THANK YOU!