Source: Stanford University
Economic Minister Fontaine outlines details of Chile's grant-making and business magnet program, Start-Up Chile. The program offers a $40,000 grant to entrepreneurs bringing early-stage businesses to the country for a minimum of six months. Grant winners must interact with the Chilean people and maintain ties with the country, even if the company relocates to foreign soil. Fontaine explains this is a pilot program which the government hopes will help to spark a culture of innovation.