British Based Start-Up Chosen For Esteemed International Accelerator Program
Intern Latin America, a British and Latin American joint venture, has been honored $40, 000 to take part in a prestigious global business plan - Start-Up Chile - which is financed by the Chilean government.
- (1888PressRelease) December 23, 2011 - London, United Kingdom - Intern Latin America is going to receive $40, 000 of equity-free seed capital, and was chosen by the Chilean government from more than 650 applications. In the wake of this accomplishment, London is currently strongly in the company's sights. Intern London is now operational and set to make top international talent to London from 2012.
Intern Latin America, which provides internship, volunteer, medical elective and also Spanish language programmes in Latin America, was established by Londoner David Lloyd, who left his sales role at Merrill Lynch to start the business in January this year.
In May David launched Intern London with university friend Lee Carlin. Both men left good jobs to form the business; a difficult decision which David thinks could be made easier for more, if there was similar backing in the UK to Chile.
Founder David Lloyd stated:
"I am pleased that our British and Latin American joint venture has been selected for the Start-Up Chile program. This is a wonderful opportunity to grow and expand the business. I really believe that the British government should really look to Chile's dedication in supporting young enterprisers. Each and every start-up requires help to grow their operations and I think the long-term rewards will certainly justify that support. "
Internships in another country are the "fastest rising area of travel" according to travel specialists STA. Intern Latin America plans to merge its offer in Argentina, Chile and Colombia, where it places top students in leading companies, private hospitals, governments & NGOS, as well as carry out it's worldwide marketing strategy during the program. It plans to support its first global expansion, Intern London, in its early stages.
About Start-Up Chile
Start-Up Chile is a program created by the Chilean Government, started by the
Ministry of Economy and carried out by Corfo/InnovaChile, that seeks to attract early-stage high potential enterprisers to bootstrap their startups using Chile as a platform to go global. In line with the nationwide aim of converting Chile into the new development and also entrepreneurship hub of Latin America, the program plans to create 1, 000 startups to Chile by 2014.
During the half a year the participants must be in Chile- for which they receive US$40k of equity-free seed capital, a 1-year work visa, as well as admittance to local financial and also social networks - the objective is to increase funds, hire talent, create networks, and to establish their enterprises from Chile while leveraging and interacting fully with the local entrepreneurship ecosystem.
The program, unique on the planet, as well as catalyst of very similar initiatives such as Startup America, Britain, and also Greece, is the ideal opportunity for bootstrappers to receive backing without ceding equity while utilizing one of many strongest Latin American economies as their launching/development platform. Start-Up Chile have been featured in The Economist, BusinessWeek, TechCrunch, as well as Forbes, amongst others.