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StartupChile is significantly different. With SUP you have to prove the funds were used appropriately as part of the fund. It is an equity free government pro
by sontek 9y ago
StartupChile is significantly different. With SUP you have to prove the funds were used appropriately as part of the fund. It is an equity free government program. The terms of the agreement are that you are reimbursed for approved expenses.
This is much different and worse. This is a traditional investor / incubator that took equity in these companies and promised them the money and isn't paying them.
- newaccount99 9y agoSort of but not quite. The guy you're responding to has been through Sup Chile, and so I have I. They're nice people but there have been many unexplained delays of money across the generations that have nothing to do with anything you've mentioned. Also, only some generations follow or have followed a reimbursement model. Mine didn't.
- WillPostForFood 9y agoHow active is StartupChile now? Their website says it is down, and is full of dead links: http://www.startupchile.org/programs/ http://www.startupchile.org/programs/
- sontek 9y agoI also went through SUP, which is why I responded. I can only speak for while I was there. Delays were minimal and usually caused by documentation and not them withholding secretly. That may have changed in later rounds.