Chile is LatAm's Most Entrepreneurial Nationtion
Chile registers twice as many new businesses per capita as any other LatAm nation.
The country's stability and relatively low cost of living have made it a prime destination for foreign investment and entrepreneurs, which is crucial for any region's tech sector. While Chile may not have the same levels of venture capital as nearby countries like Brazil or Mexico, it does have a robust entrepreneurial culture.
There are a few reasons why Chile has been nicknamed "Chilecon Valley." For one, the country ranks among the top in property rights, enforceable contracts, judicial system effectiveness, and government integrity, which make it easier to do business there. Additionally, Chilean companies enjoy some of the region's lowest corruption and regulatory burdens. This means that starting a business in Chile is relatively easy compared to other countries in Latin America.
What's more, Chile has been investing heavily in its startup ecosystem over the past few years. The government provides tax breaks and grants to startups while incubating them through accelerator programs like Startup Chile, which launched in 2010.