Socialance is a startup out of London that has moved to Santiago, Chile, for six months. The reason for the move is pretty straightforward: Start-Up Chile is giving the company $40,000 without taking any equity stake. And the rent is relatively cheap.
Start-Up Chile, which was here at Disrupt San Francisco, has attracted about 500 companies to its startup program since 2010. The program ends its first phase in 2014. By then, it will have provided grants to 1,000 companies for a total of $40 million.
To read the original article: How Start-Up Chile Is Attracting Startups From Singapore, London, and San Francisco | TechCrunch
