Find Startups 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.