In fact I am not sure there is a direct benefit to Chile at all. I assume it is a bet that some companies will stay, locals will develop support infrastructure / services and ultimately create an ecosystem that is Silicon Valley like.
They are trying to hack the economic culture of Chile. What better way to try to create a culture of startups, innovation and entrepreneurship than by creating a cultural exchange program, where they incent startups to come to Chile for 6 months. The startups bring with them ideas, initiative, an innovation oriented culture, and an understanding of things like customer service.
Not only that, but Latin America is a _huge untapped market for startups. Spanish is the 3rd most widely spoken language in the world (after Mandarin and English), and Latin American economies have been doing quite well in this global downturn. Chile has a stable government and a strong economy, and has a functional stock market.
Boot strapping a startup and technology culture in Chile is a _huge win.
They are trying to hack the economic culture of Chile. What better way to try to create a culture of startups, innovation and entrepreneurship than by creating a cultural exchange program, where they incent startups to come to Chile for 6 months. The startups bring with them ideas, initiative, an innovation oriented culture, and an understanding of things like customer service.
Not only that, but Latin America is a _huge untapped market for startups. Spanish is the 3rd most widely spoken language in the world (after Mandarin and English), and Latin American economies have been doing quite well in this global downturn. Chile has a stable government and a strong economy, and has a functional stock market.
Boot strapping a startup and technology culture in Chile is a _huge win.