Aug 4 (Reuters) - With a sprinkling of seed capital, Chile is courting a flock of young technology entrepreneurs to spur local innovation and turn the South American country into a satellite for Silicon Valley.
By October, Chile hopes to attract 25 budding tech companies through Start-Up Chile, a pilot program promising to slash red tape, help with $40,000 of overhead and connect innovators with top local talent and venture capital.
New President Sebastian Pinera, who made a fortune as a credit card entrepreneur in the 1980s, has pledged to turn around declining productivity and increase the Chilean economy an average of 6 percent annually during his term.
To read the full, original article click on this link: Chile aims to be Silicon Valley incubator | Reuters
Author: Brad Haynes
