The startup ecosystem in Chile is lively and rapidly expanding, offering a range of opportunities for aspiring entrepreneurs. Ranked second in South America, the country has established itself as a prominent hub for innovation and technological advancements in the region. Chile also boasts a strong network of incubators and accelerators that provide startups with the necessary resources and support to thrive. In this article, we have compiled a list of Chile's startup incubators and accelerators. They have been subdivided into applicability for startups in their 'ideation' or 'launch' stages, so you can take a pick at one that suits you best!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN CHILE
Ideation Stage Startup Incubators in Chile
The complete list of ideation phase incubators in Chile:
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Acción Emprendedora is a non-profit organization in Chile that promotes entrepreneurship and economic growth. Since its inception in 2002, Acción Emprendedora has worked relentlessly to provide opportunities, skills, and assistance for budding entrepreneurs to establish and build their own enterprises, particularly those from low-income families.
Acción Emprendedora organizes a variety of programs and initiatives to help entrepreneurs at different phases of their journey. One of their hallmark initiatives is the "Emprende" program, which provides entrepreneurs with training, coaching, and access to resources to help them develop their company ideas.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Founder Institute is a renowned startup accelerator and entrepreneur training program that operates in various locations around the world, including Chile. With a purpose to assist early-stage entrepreneurs, Founder Institute offers a comprehensive and organized curriculum designed to empower aspiring founders with the information, skills, and support they need to establish and expand their enterprises.
The Founder Institute Chile program is available to people from all walks of life, including aspiring entrepreneurs, IT professionals, and even those who work full-time. The program includes a series of rigorous training sessions, mentorship opportunities, and networking events. Throughout the program, participants are guided by seasoned mentors and industry professionals who give vital insights and advice.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Incubatec UFRO is a Chilean innovation and entrepreneurship center associated with the Universidad de La Frontera (UFRO). Its primary goal is to foster the formation and growth of startups and innovative enterprises, by providing entrepreneurs with a wide range of services and tools, including mentorship, training programs, networking opportunities, and access to finance and investment assistance.
They provide a nurturing atmosphere in which entrepreneurs may fine-tune their company ideas, evaluate their market potential, and create long-term business strategies. Incubatec UFRO also works with local, national, and international partners to develop innovation ecosystems and encourage information sharing.
Launch Stage Startup Incubators and Accelerators in Chile
The complete list of launch phase incubators and accelerators in Chile:
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
Founded in 1998, Endeavor Chile is a well-known organization committed to encouraging high-impact entrepreneurship in Chile. Endeavor Chile has a significant presence throughout the region, with four local offices extending from north to south.
Endeavor Chile seeks to assist entrepreneurs in scaling up and amplifying their impact. They provide a complete entrepreneurship curriculum that includes coaching, networking, and access to a worldwide network of professionals and resources. Through their programs, Endeavor Chile helps entrepreneurs develop their business concepts, acquire capital, and build their companies.
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The 3IE Institute, also known as the Instituto Internacional de Innovación Empresarial, is a Chilean institution that offers training and assistance to entrepreneurs, enterprises, and organizations looking to innovate and thrive. The institution provides a number of programs and services aimed at fostering entrepreneurial skills, encouraging innovation, and offering access to funds and resources.
The Incubation Program, one of 3IE Institute's core initiatives, provides entrepreneurs with mentorship, training, and networking opportunities, as well as office space and access to funding and investment options. The Entrepreneurship Development Program is another program provided by 3IE Institute. It is meant to assist individuals and organizations in gaining the skills and knowledge required to thrive in today's competitive business climate.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: B2B / B2B2C
Magical Startups is a key actor in Chile's startup ecosystem, which provides entrepreneurs with the resources, mentoring, and networking opportunities they need to convert their unique ideas into profitable enterprises.
Their accelerator program is split into two stages:
Stage 1 is when they conduct a diagnostic of your startup's strategic dimensions, identify the primary strengths and difficulties to work on, and propose a work plan. Stage 2 involves working with you to prepare the investment round you require, which includes how to develop a cash flow, define unit economics, construct an investment deck, train your pitch for investors, and form an expansion and growth strategy.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Start-Up Chile is a government-run incubator and accelerator program designed to encourage innovation and entrepreneurship by providing non-dilutive financial assistance in the form of grants, as well as infrastructure, services, and networking opportunities. Start-Up Chile welcomes entrepreneurs from a variety of industries.
The grant funding selection procedure is carried out through two requests each year, in which candidates are evaluated based on certain subject areas or phases of growth. Grant recipients receive varying degrees of financial assistance based on their stage of development. The awards range from 10 million to 75 million CLP. Furthermore, Start-Up Chile provides office space and acceleration services, such as advisory help and workshops, to entrepreneurs.
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Technology
Wayra Hispam is an open innovation cluster and corporate fund which links corporates with innovative technology companies from across the world in order to create commercial possibilities. Wayra Hispam's primary aim is to invest in seed-stage firms with the potential to generate revenue with Telefónica, the leading telecommunications company behind Wayra.
Wayra Hispam offers coaching and assistance from industry professionals in addition to funding. Accepted startups receive strategic assistance, networking opportunities, and access to a worldwide network of entrepreneurs. Wayra Hispam's vast network of partners and investors may assist companies in expanding their reach and accelerating their growth.
Closing Thoughts on Joining a Startup Accelerator or Incubator in Chile
The startup ecosystem in Chile offers a supportive environment for entrepreneurs, with a wide range of resources, funding opportunities, and a collaborative community. This vibrant ecosystem presents unique opportunities and challenges, making it an exciting and promising landscape for entrepreneurs.