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Latin America is becoming a place where startups are flourishing, and there are increasingly more reasons why it makes sense for budding entrepreneurs to set up shop there.

An unthinkable prospect just a few years ago, countries in South America such as Argentina are now becoming breeding grounds for young businesses. New opportunities are arising in a number of countries and funding initiatives are making the region very attractive for startups.

With the accelerator industry now booming around the world, giving thousands of entrepreneurs access to cash flow, mentoring and the potential to network, governments in Latin America have seen how this industry can be fruitful and, in the long run, helpful to their economies. Having founded an incubator in Medellin, Colombia, with a 50-person team, I have seen this firsthand.&nbsp;

Here are three leading public accelerators in Latin America helping to push the region forward:

Chile: Start-Up Chile

Chile, which historically has had one of the stronger and more stable economies in the region, is&nbsp;fighting to be the startup hub of Latin America.

In 2010, Chile’s government introduced the accelerator Start-Up Chile with the&nbsp;aim to entice the best early-stage entrepreneurs to start their business&nbsp;in the country. The program has had an important impact on the country and the world —&nbsp;it’s inspired 50 countries to follow suit with accelerator programs. And the survival rate of the businesses they support is high:&nbsp;Over 50% of companies accelerated by the program were still active in 2016.

Since its inception, Chile has distributed over $40 million to 1,300 budding businesses from almost 80 countries.&nbsp;

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StockSnap

Latin America is becoming a place where startups are flourishing, and there are increasingly more reasons why it makes sense for budding entrepreneurs to set up shop there.

An unthinkable prospect just a few years ago, countries in South America such as Argentina are now becoming breeding grounds for young businesses. New opportunities are arising in a number of countries and funding initiatives are making the region very attractive for startups.

With the accelerator industry now booming around the world, giving thousands of entrepreneurs access to cash flow, mentoring and the potential to network, governments in Latin America have seen how this industry can be fruitful and, in the long run, helpful to their economies. Having founded an incubator in Medellin, Colombia, with a 50-person team, I have seen this firsthand. 

Here are three leading public accelerators in Latin America helping to push the region forward:

Chile: Start-Up Chile

Chile, which historically has had one of the stronger and more stable economies in the region, is fighting to be the startup hub of Latin America.

In 2010, Chile’s government introduced the accelerator Start-Up Chile with the aim to entice the best early-stage entrepreneurs to start their business in the country. The program has had an important impact on the country and the world — it’s inspired 50 countries to follow suit with accelerator programs. And the survival rate of the businesses they support is high: Over 50% of companies accelerated by the program were still active in 2016.

Since its inception, Chile has distributed over $40 million to 1,300 budding businesses from almost 80 countries. 

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