Chile brings in global start-ups and boosts local entrepreneurs

Chile is attracting international talent to Santiago with an accelerator program that offers startups equity-free funding, a one-year visa and investor exposure. In exchange, the start-ups must earn "social capital points" by passing on skills to local entrepreneurs. Start-Up Chile brings some 100 businesses to the country every year, which Chile hopes to retain with the promise of business-friendly tax laws and a low cost of living. The program has created more than 5,000 jobs across the world.