1. We've been told $3k is the limit. I'm not taking salary myself, but have a non-Chilean national on payroll getting $2.5k a month. It's common for two person teams to have one person on payroll and one not take salary at all.
2. The focus is genuinely on helping people ramp up their businesses, not nickle-and-diming them on how they are spending matching funds. Life is easiest if you expect to spend a few thousand of your own on random stuff it won't make sense to expense.
3. My guess is that 30% of the accepted applicants are single-founder (my own is and own ownership structure never came up). The focus is funding businesses that can earn money and scale and have a reason to come to Chile.
4. You need to be able to provide a proof of payment (receipts, etc.) in order to expense stuff. If you have a foreign company you can write yourself an invoice. Again, it just has to be reasonable in the context of your project.
5. If you have specific questions about your application you're probably best off writing the team. I'm happy to share a sanitized copy of my application if that would help but don't have the time to review yours.
6. Some teams are staying, some teams are going. If it's investment you want you'll have options down here too if you're fundable.
2. The focus is genuinely on helping people ramp up their businesses, not nickle-and-diming them on how they are spending matching funds. Life is easiest if you expect to spend a few thousand of your own on random stuff it won't make sense to expense.
3. My guess is that 30% of the accepted applicants are single-founder (my own is and own ownership structure never came up). The focus is funding businesses that can earn money and scale and have a reason to come to Chile.
4. You need to be able to provide a proof of payment (receipts, etc.) in order to expense stuff. If you have a foreign company you can write yourself an invoice. Again, it just has to be reasonable in the context of your project.
5. If you have specific questions about your application you're probably best off writing the team. I'm happy to share a sanitized copy of my application if that would help but don't have the time to review yours.
6. Some teams are staying, some teams are going. If it's investment you want you'll have options down here too if you're fundable.