START-UP CHILE AND THE CHILEAN ENTREPRENEURSHIP ECOSYSTEM June, 2016 ASTRID BORGNA CORPORATE BUSINESS DEVELOPMENT
CHILE? LIKE CHILI SAUCE,RIGHT? DO YOU KNOW CHILE?
HOW DID IT ALL START?
THE BEGINNING ENTREPRENEURIAL CONTEXT IN 2009 LACK OF GLOBAL STARTUPS ISOLATED MENTALITY LOW INNOVATION NO INSTITUTION SUPPORT LOOKING FOR DEVELOPMENT
THE BEGINNING
VISION & MISSION GOAL 1 CHILE AS THE LEADING INNOVATION AND ENTREPRENEURIAL HUB OF LATIN AMERICA GOAL 2 CHANGING THE CHILEAN MINDSET
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
SOCIAL IMPACT: GIVE BACK TO OUR SOCIETY IN EXCHANGE OF WHAT?
4,549 ACTIVITIES IMPLEMENTED 208,656 PEOPLE ATTENDED IN EXCHANGE OF WHAT?
AFTER 5 YEARS
START-UP CHILE ONE OF THE LARGEST & MOST DIVERSE STARTUP COMMUNITIES IN THE WORLD
FROM 2010 TO 2015 +70 COUNTRIES +1,100 STARTUPS +3,000 ENTREPRENEURS
NATIONAL & INTERNATIONAL PRESS +4,000 PUBLICATIONS WORLDWIDE
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
ECONOMICAL IMPACT
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
CHILE AS A PLATFORM FOR LATAM AND THE WORLD 42% OPP. IN CHILE 42% +1,200 STARTUPS ALUMNI 504 SELLING IN CHILE
SALES FROM CHILE USD $155.5 MM / LAST 12 MONTHS 13x CORFO INVESTMENT/YEAR TOTAL CORFO INVESTMENT 2015: USD $11.9 MILLION/YEAR
START-UP CHILE NOW
START-UP CHILE PROGRAMS THE S FACTORY SEED SCALE PROTOTYPE VALIDATE SCALE 20-30 startups/batch USD$14,000 80-100 startups/batch USD$30,000 15 startups/batch USD$85,000 TRAINING MARKET & INVESTORS 250 STARTUPS/YEAR 2 BATCHES/YEAR EACH
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
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
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 %
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
START-UP CHILE & GCC
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.
CHILEAN ENTREPRENEURSHIP ECOSYSTEM
CHILEAN ENTREPRENEURIAL ECOSYSTEM
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
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.
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 - $1,500 / month Women Friendly (6 th country in the global index for women entrepreneurs)
ARGENTINA 0.028 BRAZIL 0.195 CHILE 0.336 COLOMBIA 0.176 COSTA RICA 0.098 DOMINICAN REPUBLIC 0.027 JAMAICA 0 MEXICO 0.102 PANAMA 0 PERU 0.066 URUGUAY 0 ARGENTINA 40 BRAZIL 72 CHILE 74 COLOMBIA 60 COSTA RICA 56 DOMINICAN REPUBLIC 42 JAMAICA 46 MEXICO 65 PANAMA 50 PERU 49 URUGUAY 54 LEADERSHIP IN VC IN LAC Private equity/venture capital investments (% of GDP) Overall score (max=100) 0,35 0,30 0,25 0,20 80 70 60 50 40 0,15 30 0,10 20 0,05 10 0,00 0 Source: Scorecard Lavca Update 2016
PARTNERS IN CRIME 14 in 9 cities, fostering 772 Capital raised by startups from Top 2 performing incubators startups, US$ 30M sales. Angel Investors US$ 9M. raised a total of US$ 2M in 2014. Total sales US$ 31M.
OUR ECOSYSTEM +40 +70 +40 +10 +10 +52 PUBLIC INSTITUTIONS COWORKS, FABLABS & MAKER SPACES ACCELERATORS & INCUBATORS MENTORS NETWORKS ANGEL INVESTORS NETWORKS VENTURE CAPITAL & PRIVATE EQUITY FUNDS
The Brand THANK YOU! www.startupchile.org