Entrepreneurs who are interested in starting off with their startup venture should look south of the border. Lucrative and profitable startup culture is no longer restrained to places like New York City, Silicon Valley, Texas and Austin. It is rather significant to note that the South American cities are all gaining enough international attention for their powerful start-up communities, cost-effective way of doing business and their impressive tech professionals. In fact, there are few South American governments which are taking immediate action to ensure that their respective cities play a role in the next big trend of innovation by offer incentives and subsidies.
South American cities which growing up to be the hottest destination for startups
- Santiago, Chile: Santiago has been named as the 'Chilecon Valley' of Latin America and there are indeed some good reasons behind earning this name. The universities in Chile, private corporations, the Chilean government and the investment funds are all trying hard to transform this place into an entrepreneur hub. The State-backed Start-Up Chile is a 6 month training program provided to the graduates in the form of equity-free financing and a year visa. Since the inception, they have graduated more than 1100 startups. The government realized that they had something in their hands and no one was doing anything about it.
Worthy good reasons to start up your business venture in Argentina
As mentioned earlier, it is indeed true that Buenos Aires is a great place for startups. Let's take a look at some good reasons behind this popularity.
- Affordable cost of starting a business: The government of Argentina welcomes foreign investments and hence startups can move or expand their business with enough ease. As to what International Finance Corporation and the CEO of Comparaencasa, Lucas Lezcano Velez says, founders are allowed to start their business with less than $300 US in few days. Argentina is proud about being home to the largest number of university pass-outs and hence there is a high skilled-labor-to-low cost ration within this city.
So, now you know about the worthy good reasons behind starting off your business venture in Argentina, the hometown of Pope. Consider the above mentioned factors as a boost to push you towards becoming an entrepreneur.