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Startup Ecosystem in Chile

Startup Ecosystem in Chile
Startup Ecosystem in Chile
Chile has transformed itself into Latin America's most internationally-connected startup ecosystem through a combination of visionary government programs and growing private investment activity. The country gained global recognition through its pioneering Start-Up Chile accelerator program, which has incubated over 2,000 startups from 85+ countries since its 2010 launch, and has produced notable successes like Cornershop (acquired by Uber), NotCo (food-tech unicorn), and Betterfly (insurtech). The funding environment continues to mature with local funds such as Fen Ventures, Magma Partners, and ALLVP actively investing alongside international firms increasingly targeting Chilean startups with regional or global ambitions. Angel investors operate through organized networks like Chile Global Angels and Dadneo, often focusing on sectors aligned with the country's economic strengths in mining, agriculture, and renewable energy. Beyond Start-Up Chile, accelerators like Platanus Ventures and Imagine Lab offer specialized programs, while corporate innovation initiatives from companies like BCI (banking) and Falabella (retail) provide industry connections and potential customers. Government support extends beyond Start-Up Chile to include CORFO funding instruments, R&D tax incentives, and specialized programs like the recently launched National AI Policy initiative. While Santiago dominates as the primary startup hub, housing approximately 80% of the country's innovation activity, smaller ecosystems have developed in Valparaíso and Concepción, often focusing on regional industries. Chile's startup ecosystem benefits from the country's political stability, strong infrastructure, and free trade agreements facilitating international expansion, though entrepreneurs still face challenges including a relatively small domestic market and the need to think regionally from inception.
Chile has transformed itself into Latin America's most internationally-connected startup ecosystem through a combination of visionary government programs and growing private investment activity. The country gained global recognition through its pioneering Start-Up Chile accelerator program, which has incubated over 2,000 startups from 85+ countries since its 2010 launch, and has produced notable successes like Cornershop (acquired by Uber), NotCo (food-tech unicorn), and Betterfly (insurtech). The funding environment continues to mature with local funds such as Fen Ventures, Magma Partners, and ALLVP actively investing alongside international firms increasingly targeting Chilean startups with regional or global ambitions. Angel investors operate through organized networks like Chile Global Angels and Dadneo, often focusing on sectors aligned with the country's economic strengths in mining, agriculture, and renewable energy. Beyond Start-Up Chile, accelerators like Platanus Ventures and Imagine Lab offer specialized programs, while corporate innovation initiatives from companies like BCI (banking) and Falabella (retail) provide industry connections and potential customers. Government support extends beyond Start-Up Chile to include CORFO funding instruments, R&D tax incentives, and specialized programs like the recently launched National AI Policy initiative. While Santiago dominates as the primary startup hub, housing approximately 80% of the country's innovation activity, smaller ecosystems have developed in Valparaíso and Concepción, often focusing on regional industries. Chile's startup ecosystem benefits from the country's political stability, strong infrastructure, and free trade agreements facilitating international expansion, though entrepreneurs still face challenges including a relatively small domestic market and the need to think regionally from inception.
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Chile startups in numbers
Startups in Chile on Foundersbase show a range of characteristics across different early development stages. Among the projects in this region, 43% are currently in the concept phase, exploring early validation, while 57% have developed a minimum viable product (MVP) and are open to forming strategic partnerships. Currently, 38.9% of startups have reached the Prototype phase, one of several indicators of how innovative founding projects in Chile are evolving. A significant share (62%) report open positions, making this a valuable space for entrepreneurial talent looking to join a team early. In terms of funding, 49% of startups are currently seeking investment, while others pursue different approaches to growth. Startups in Chile are active across a wide range of industries, with many focusing on areas such as Artificial Intelligence, Games, and Aerospace. Alongside sector diversity, projects also address major global challenges. Notable impact innovation topics include Sustainable Agriculture, Biodiversity, Food Security, and Global Health, adding purpose-driven perspectives to the local startup scene. Whether you’re interested in supporting founders, investing in early-stage ventures, or finding opportunities to get involved, the startup activity in Chile offers a great starting point.
Job Offerings
More than (43%) of startups in Chile are actively recruiting talent, while (57%) are focused on building with their current team.
Startup Stage
The Chile startup ecosystem spans various development stages from early ideas to profitable businesses, with most ventures (38.9%) currently at the Prototype stage.
Funding Need
About (62%) of early-stage startups in Chile are seeking external investment to scale their innovations, while (38%) are pursuing a bootstrapped growth approach.
Top innovation sectors
Discover the industries where early-stage startups in Chile are developing innovative solutions and seeking collaboration partners.
Impact Focus
Startups from Chile on Foundersbase most often focus on Sustainable Agriculture, driving innovation in this area.
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