bNapkin Receives Grant From Startup Chile

in iAnnouncements (E)

[] New York, New York - bNapkin was selected among over 650 startups that applied to Startup Chiles second round of 2011. Through this program, the Chilean Government grants US$40,000 in seed capital (free of equity participation) to the company. The company will invest the grant money in accelerating the development of Sketchgram (its first iPad app) to be released by the end of October.

Sketchgram is an app/platform for tablets that enables users to both express and share the complexity of an idea by combining visuals (your sketches) with narrative (your voice), providing insight into the thought process. The result is a story telling medium that better reflects your thoughts and ideas. At the moment, bNapkin is looking for Beta testers of the app (visit our website to enroll).

About Start-Up Chile:
Start-Up Chile is a program created by the Chilean Government, initiated by the Ministry of Economy and executed by Corfo/InnovaChile, that seeks to attract early-stage high potential entrepreneurs to bootstrap their startups using Chile as a platform to go global. Among this years selected companies, 33 different nationalities are represented. In line with the national goal of converting Chile into the innovation and entrepreneurship hub of Latin America, the program plans to bring 1,000 startups to Chile by 2014.

During the six months the participants must be in Chile- for which they receive US$40k of equity-free seed capital, a 1-year work visa, and access to local financial and social networks- the objective is to raise funds, hire talent, create networks, and to launch their businesses from Chile while leveraging and interacting fully with the local entrepreneurship ecosystem.

The program, unique in the world, and catalyst of similar initiatives such as Startup America, Britain, and Greece, is the ideal opportunity for startups to receive funding without ceding equity while utilizing one of the strongest Latin American economies as their launching/development platform.

bNapkin is a New York based innovative startup founded in July 2011. Sketchgram is the first tool developed by a team of entrepreneurs, designers and developers that works to enhance your experience in sharing thoughts and ideas online. Copyright (C) 2011 bNapkin Inc. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries.


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