IN BRIEF: Chile business accelerator launches global scaling program
Chilean business accelerator City Global is looking for start-ups that are already billing over 600mn pesos (US$908,000) a year with the potential to scale globally.
Successful applicants for City Global will enter a nine-month mentoring program, starting May 2, and receive training in the areas of growth and valuation, legal and financial advice.
The program will end with participants pitching to potential investors and the idea is to attract investment of at least US$500,000 per company. The program is supported by Chilean economic development agency Corfo, which has pioneered the start-up scene for the last six years with its Start-Up Chile program.
City Global is run by well-known local IT entrepreneur Raúl Ciudad. Mentors on the program include Telefónica Chile's president Claudio Muñoz.
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