Can a Government Fund the Next Silicon Valley?
New York is Silicon Alley. Israel? Silicon Wadi. And in Santiago, it’s Chilecon Valley. Thirty years after the end of Pinochet’s dictatorship, Chile has become one of South America’s most vibrant economies. For the past six years, the government has given interest-free loans of up to $40,000 to entice startups to move to Santiago. Light Reading traveled to Chile to answer the question: Can a government fund the next Silicon Valley? Part 1 of 3.