Chile Offers Visas, $40,000 Grants to Lure Foreign Startups

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Like so many young entrepreneurs, Stanford University graduates 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, they didn’t start their company in Silicon Valley, opting instead to go about 6,000 miles (10,000 kilometers) south, to Santiago, Chile, Bloomberg Businessweek reports in its Oct. 25 issue.