Creating the Next Silicon Valley – The Chilean Experiment

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Creating the Next Silicon Valley – The Chilean Experiment

By Steve Blank, Professor of Entrepreneurship, U.C. Berkeley / Stanford University

Chile has decided that it wants to be an innovation hub in South America.

I spent two weeks of December 2010 in Chile as a guest of Professor Cristóbal García, Director of EmprendeUC at the Catholic University of Chile, which just signed up a 3-year collaboration partnership with Stanford’s Technology Ventures Program. Read more

Open English Closes $4.25M Series B Financing

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(Open English) May 11, 2011 —Open English, the leading online language school in Latin America, announced the close of a $4.25 million Series B round of financing led by Flybridge Capital Partners, bringing the company’s total venture funding to date to more than $10 million.  Read more

Brazil’s PeixeUrbano Secures Capital from General Atlantic and Tiger Global

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(PeixeUrbano) May 6, 2011 – PeixeUrbano, the first and leading collective buying website in Brazil, announced a partnership with the leading global growth equity investment firm General Atlantic (GA) in an investment round that also included participation from Tiger Global Management. Read more

110 Startups Selected to Participate in Start-up Chile Program

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(Start-Up Chile) April 26, 2011 – After receiving 329 applications during the one month application period, Start-Up Chile announces that 110 startup companies have been selected to participate Read more

Atomico Leads Investment Round for Restorando.com

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(Atomico) April 19, 2011 – Restorando.com, the online restaurant booking service, announced that it has closed a new round of investment. The fundraising was led by Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström. Read more

Entrepreneur Profile: An Interview with Raul Polakof, Scanntech

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Entrepreneur Profile: An Interview with Raul Polakof, Scanntech

Uruguay-based entrepreneur, Raul Polakof, CEO of Scanntech, discusses the challenges and opportunities of building a business in a small market and how his company survived a financial crisis and the brink of bankruptcy. Read more

Growth Capitalism: Venture Capital in Latin America: Perception Vs. Reality

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Growth Capitalism: Venture Capital in Latin America:  Perception Vs. Reality

By Patrick McGinnis

Not long ago, I caught up with a friend who is a private equity investor focused on Latin America. We chatted about the changes in the Latin investment climate over the last ten years and I commented that I still view early stage investing as one of the most compelling and untapped opportunities in the region. Read more

Prosperitas Capital Invests in Uruguay-based Start-up

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(Prosperitas Capital Partners) March 4, 2011 –Prosperitas Capital Partners, through its venture capital fund, Fondo Emprender, announced an investment of approximately US$500,000 in PedidosYa!, Read more

Start-Up Chile Application Process Opens with 100 Vacancies Available

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(Start-Up Chile) February 8, 2011After opening its doors to 23 teams of foreign entrepreneurs in 2010, Start-Up Chile announces the aperture of the 2011 application process, planning to select up to 100 applicants during the year’s first trimester. Read more

Will Chile Successfully ‘Import’ Tech Entrepreneurs?

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Latin America Advisor

January 27, 2011 – On Jan. 11, the Chilean government officially launched a program called Start-Up Chile, which seeks to strengthen the country’s technology sector by offering entrepreneurs $40,000, a visa and office space to develop their businesses in Santiago for a six-month period. The government says the initiative differs markedly from other top-down efforts to build tech-clusters, whereby states sponsor research universities and tech parks in an effort to attract companies and venture capital.

Will the program’s efforts to ‘import’ tech entrepreneurs be successful? What is the state of tech entrepreneurship in Chile and the rest of Latin America? What initiatives should governments in the region undertake to kick start the tech industry’s development? Is there a danger that too much public money put into developing a technology industry is wasted?

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