I am starting a company in Chile
I am happy to announce that I will be participate in Start-Up Chile this June. I am thrilled to have such an opportunity. In this post I'll cover why I think this is an amazing opportunity and why you should participate in future programs if you are an entrepreneur.
What is my startup?
I have chosen to participate with Wedoist — which until now has mostly been a side-project that I have worked on in my spare time. Wedoist is out and you can try it out — this said, it's only a very small fraction of what's to come. But even this minimal release of Wedoist is growing, has thousands of users and is already profitable, so I have high hopes for the future.
My first startup Plurk.com is a top 1000 site in the world, has millions of users and over the years we got copied by Microsoft and recently Baidu (China's Google). Given this record I aim even higher with my new venture and I want to invest a lot of time into something that has a very positive impact on the world. Generally, I want to change how people collaborate and improve productivity and communication for the better.
Why Start-Up Chile?
Here are my main reasons why I have chosen to participate in Start-Up Chile and not in one of the many bootstrap programs in Europe and US:
What does Chile get out of this?
Now you may be wondering what does Chile get out of this? As I see it, having a strong startup community is vital for any country so investing in fostering a startup community by attracting world-class entrepreneurs seems like a great investment.
The program will fund about 300 startups in 2011 — which costs about $12 million USD. This kind of cost is peanuts on a country scale and is the only negative thing about the program.
For Chile the positive parts of this program are following (as I see it):
They have a video covering their main objectives:
The beautiful Chile
I will end this post with some stunning photos of Chile.
Remember that you can apply for Start-Up Chile at startupchile.org — the next round begins in July!
Ikkyu, number 291.