Startup City Magazine

Startup Chile Declares 105 Startups to Participate in Sixth Class

Startup Chile is a program which is conducted by the Chilean Government, which is an initiative to draw the early bird entrepreneurs to establish their startups in Chile. The startups that ground their roots firmly through this platform will be recognized globally. , this government sponsored startup accelerator, is on a roll for the third demo day. This time, the program will be partnered with Common Pitch to host the event and it emphasizes on social enterprise and Green Tech, reported Frederic Lardinois of Tech Crunch

Supplementing this, the program has just revealed the 105 startups that have been finalized to be a part of the program’s sixth class. The program will begin early next year with 105 startups from around 30 countries, who will head to Santiago to take part in the program. Of the total number of companies, most of them are from the U.S. (24 percent), followed by the host country Chile, recording 19 percent and the remaining countries are Argentine and India with total percentages of 9 and 7 percent respectively. There are enthusiasts from other countries as well such Morocco, Ukraine, Pakistan and the Netherlands. The total number of applications was 1,400 for this year’s class.

Startup Chile has given an insight as to what these companies will be working on stating ““E-commerce is the most strongly identified industry (24 percent of the selected), which is then followed by Mobile & Wireless (10 percent), Media (10 percent), IT & Enterprise Software (10 percent) and Social Media & Social Networks (10 percent). Remaining categories include Education, Energy & Clean Tech, Finance, Natural Resources, Social Enterprise and Tourism, among others.” as reported by  Tech Crunch.

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