Promoting start-ups in Chile

This chapter presents an overview of public policies recently introduced in Chile to promote start-ups. The chapter highlights the growing role of innovation policies in the country and the increase in the innovation budget. Like Brazil, Chile began to promote start-ups before other countries in the region. Chile has accumulated institutional knowledge in developing programmes to support start-ups. Its experience shows how important it is to have a chain of instruments targeted to the different stages of business development, from seed to expansion. Lately Chile has placed a growing emphasis on start-ups, reforming its existing support systems to match the country’s new vision focused on expanding the country’s role in the global economy.