The Chilean underground startup ecosystem is finally starting to rise to the surface (meaning little known startups launched by Chileans).
Proving that startups can be successful outside of the popular government sponsored Start-Up Chile program, the team at BOMBAcamp has recently announced they have been successful in raising 100% of their first fund for their new BOMBAstars accelerator. Geared toward startups in Latin America, the program will award USD $25,000 to up to 20 selected startups a year.
We’re super excited about it at AndesBeat because it’s one of the few models we have seen that is more aligned with accelerators and equity stakes with the states. Less than 3 years ago it was not uncommon to hear of local investors who took up to 40% equity in startups and offered no mentorship, training or access to networks in exchange.
Ash Maurya, author of the Running Lean book that is revolutionizing the world of startups, is presenting a workshop in Chile to support entrepreneurs in their processes innovation. The workshop is organized by BOMBAcamp in conjunction with Universidad Adolfo Ibañez.
The main focus is Running Lean methodology is driven by the belief that most ventures fail, because they invest time, money and effort on developing a product that ‘nobody wants’. Ash Maurya’s workshop will focus on how to avoid failure with your idea or project.
Editors Note: The following information comes courtesy of the team at BOMBAcamp. AndesBeat is not affiliated with BOMBAcamp and this post does not serve as an endorsement.
Alfredo Osorio and Ash Maurya (international thought leaders behind BOMBAcamp), are proud to announce that the applications are now open for the November 2012 version of its Program BOMBA_5 WEEKS.
BOMBAcamp was founded to help entrepreneurs transform their ideas into innovative and successful startups.
Alfredo Osorio (Founder & CEO of BOMBAcamp & Co-Founder of Patagon.com) and Ash Maurya (Author of Running Lean, Lean Startup expert and worldwide mentor of entrepreneurs) are closely involved with the day-to-day operations and co-lead the mentor program for startup founders and program participants.
The only requirement that we ask is to have the soul of an entrepreneur. You can keep your day job (for now), and come on the afternoon and in the weekends. You can apply for the program with or without a team and/or idea.
-Alfredo Osorio, Lead Mentor of BOMBA_5 WEEKS