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19/05/2017

597 Brain Chile entrepreneurs will compete for $83 million in funding for scientific

  • 75 Mexican entrepreneurs will also take part in this year's event, which has 84% more candidates than last year. Watch video

19 May 2017. A total of 597 candidates from all over Chile will compete in Brain Chile 2017 – an initiative for accelerating business ideas with a scientific or technological basis, promoted by Banco Santander in collaboration with the Innovation Centre UC Anacleto Angelini.

Thanks to the new online nomination stage and the dissemination plan in the country's main cities, this year has seen an 84% increase in the impact of the programme with 84% more participants than in 2016.

We are also joined, this year, by 75 entrepreneurs from Mexico after Santander Universities Mexico were invited to have its university entrepreneurs join a pilot programme and projects have been received from diverse areas, such as health, education, innovation and services, environment and others.

“For Santander Universities Mexico, forming part of Brain Chile is a very interesting opportunity that is greatly enriching the experience of Mexican entrepreneurs,” said Salomón Amkie Cheirif, Head of Institutional Relations at Santander Universities Mexico.
Those selected at this first stage will attend workshops on validating ideas, markets, customers and entrepreneurship, among others, so that participating teams can improve their initial proposals and reach the second level of the programme, which will increase its project funding to 83 million Chilean pesos this year.

Conrad von Igel, Head of the Innovation Centre UC, said, “We are very pleased with the growth of Brain Chile 2017 as it has allowed us to consolidate the impact of scientific and technological development of society through the promotion of high-potential innovative entrepreneurship. These entrepreneurs, including 125 academics and PhD students from all over Chile, will be the change agents for country's transformation towards a diversified, knowledge-based economy.”

“Different initiatives have come about as a result of being bold and have ended up making real contributions to society. At Santander, we aim to help people and businesses prosper and a specific way to do this is by providing logistical support and funds for initiatives such as Brain, which promote entrepreneurship within the country. In line with the above, other countries are also allowed to submit nominations this year. We are very pleased with the outcome as this is a first step in internationalising Brain Chile,” said Rodrigo Machuca, Head of Santander Universities and Institutions.

Boot Camp
The 35 best research studies that pass the online nomination process will take part in a boot camp, where entrepreneurial mentality, business model validation, intellectual property, marketing strategy, prototype development, product design, presentation and pitch methodologies will be taught and meetings will be held with the industry. After the boot camp, 12 projects will be selected to go on to a 3-month acceleration process before the Brain Chile Final on 31 August.

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