Start-up Chile

Start-up Chile

Start-up Chile launched as a Chilean Economic Development Agency (CORFO) initiative, conceived by founder Nicolás Shea during his advisory role to the Ministry of Economy. The program positions itself as the first public startup accelerator globally, backing early-stage technology companies from Chile and abroad. Confirmed portfolio companies include NotCo, the AI-driven foodtech company replacing animal-based products; Lab4U, which turns smartphones into portable science labs; and SimpliRoute, a logistics optimization software provider. The accelerator covers seed and startup stages across generalist industries, deploying non-dilutive grants and equity-free co-financing. Portfolio companies have amassed over US$2 billion in reported sales and US$2.05 billion in raised capital, with total portfolio valuation reaching US$5.88 billion. The program operates from its administrative headquarters in Santiago and maintains a dedicated coworking space for startups. Start-up Chile's mandate spans global markets, with founders targeting competitive economic zones worldwide. Operational direction falls to Acceleration Director Sebastian Arias. The platform collaborates with entrepreneurship networks ASECH and Endeavor for mentorship and advocacy. Start-up Chile also runs SSAF-Social, a flexible seed subsidy program for social-impact ventures. As a government-run accelerator, Start-up Chile's structural differentiator is its public-policy mandate: it deploys state capital via non-dilutive instruments rather than pursuing equity returns, a funding architecture distinct from private venture firms or family offices.