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My experience (round 1) wasn't good nor very popular among the most "pro-startupchile" individuals. It's documented here: http://hervalicio.us/post/14915671294/on-startup-chile

Basically, it's a good opportunity if you don't have a business network (or a business) and go there with the sole objective of networking and getting to know people. Other than that, it's a great opportunity for tourism (most people I hear saying they "loved the program" were very focused on getting girlfriends and visiting the idillic places of Chile). Not much more than that, I'm afraid...

In any case, I heard from more recent batches that things changed a lot in rounds 2 and 3 (not sure if for better or worse).

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