Chile Aims to Attract Foreign Startups

The government is dangling visas, $40,000 grants, and a business incubation program for new ventures
Santiago: Start-Up Chile has approved 25 projects this year. Jose Luis Stephens/Alamy

Like so many young entrepreneurs, Stanford University grads Amit Aharoni and Nicolas Meunier had an idea for a business: a website to help Americans find deals for cruise-ship vacations. Unlike many other entrepreneurs, though, they didn't launch their company in Silicon Valley, opting instead to go nearly 6,000 miles south, to Santiago, Chile.

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