As evidence of the governments commitment in chile, consider this: They fund Venture Capital programs as well. As I understand it they have an existing program that provide funding to VCs as a forgivable loan. If the VC is successful they payoff the loan with reasonable interest. If the VC folds, the loan is forgiven.
I read they are also working on (or recently created) another program whereby the government provides funding for Venture Capital but participates as a financial partner in the returns, which, if successful, means the government would be able to put the returns into future VC funds without any further cost to the government.
I think the biggest problem is that the VCs don't have enough startups to invest in.
I read they are also working on (or recently created) another program whereby the government provides funding for Venture Capital but participates as a financial partner in the returns, which, if successful, means the government would be able to put the returns into future VC funds without any further cost to the government.
I think the biggest problem is that the VCs don't have enough startups to invest in.