On April 19, the non-profit institute Fundación Chile, angel investors’ network ChileGlobal Angels and law firm Albagli Zaliasnik, launched the Partner Up contest for start-ups in the food, biotechnology and ICT areas.
The contest is for start-ups that have an important component of innovation, a strong possibility of generating an economic impact and the potential for scaling up their business models. The objective is to help them to be successful when they enter the market and to promote entrepreneurship and innovation in Chile.
First place will receive a year of free legal assistance from Albagli Zaliasnik, worth around US$40,000, and second place will receive assistance worth US$20,000. In addition, Fundación Chile’s Exploration Fund and ChileGlobal Angels will give participants the possibility to present their ideas before their investment committees to obtain venture capital. The winning projects will be announced on June 20.