Six Chilean start-ups billed between 500 and one million dollars in less than two years and now want to enter the global markets.

The business incubator and accelerator of the Universidad de La Frontera (Incubatec UFRO) that has been distinguished as the best business incubator in Chile for four years in a row by the Production Development Corporation (CORFO) because of the amount of the businesses’ sales, chose six companies with high potential to revolutionize the international markets and invited them to present their businesses to potential investors and business partners.

During the encounter, the presentations included from an intelligent virtual safety assistant that blocks stolen cars, takes a picture of the thief and “talks” to him, to a company that disintermediates the current sale of currencies through technology, improving the price for the end user. All of them are Chilean start-ups that billed between 500 and one million USD in less than two years and that want to enter the global markets.

“At Incubatec UFRO we want to promote and strengthen Chilean start-ups with possibilities of international growth and to achieve our goal as a public and state university, which is to concretely contribute through talent and knowledge management to the country’s development, what translates into new innovative businesses,” Claudine Uribe, the executive director of Incubatec UFRO, said.

“The particularity of these businesses is that each one of them stood out in the different phases of development, from the prototype phase, to the phase of scaling and, for some of them, the phase of raising private capital. They all have a unique motor of development, in some cases a proposal of value, based on some kind of cutting-edge technology, such as artificial intelligence or sensoring,” Gerardo Lagos, the director of innovation at Incubatec UFRO, added.

INCUBATEC UFRO

Incubatec UFRO is a business accelerator and incubator that has been created 18 years ago, with its headquarters in Temuco and Puerto Montt, Chile. Until now, Incubatec UFRO has been working with 98 resident companies, of which 30 are valued at 53.8 million USD and 17 internationalized. It has been chosen by UBI Global as the eight best incubator in the world and the best one in Latin America in the category World Top Business Accelerator linked to University. It was also awarded by Corfo for having a portfolio with the highest level of sales in the country over the past four years (7800 million Chilean pesos in 2017).

CHILEAN START-UPS THAT WANT TO ENTER THE GLOBAL MARKETS

Rayo app: A logistics technology service that helps companies to make their delivery service more efficient. Some of the benefits are the short delivery timelines (about two hours), and the delivery of products of high-value or special care, such as stem cells. The project, which has billed more than 2 million USD in less than one and a half years, is one of the start-ups with the highest turnover and fastest growth (after NotCo) that has been through the programs of Corfo over the last five years. https://www.rayoapp.com/

Ivan Drive: It is the first intelligent virtual safety assistant that protects cars. The idea is to decrease the number of stolen cars by installing this system that includes face recognition, sensors that detect the unauthorized use of the car, traffic behavior patterns, photo-mechanisms inside the car and even the automatic detention of the car in case that it gets stolen.
https://www.ivandrive.com/

Trade Us: A technology solution that permits to quote and trade currencies in real time with different providers in an auction modality. A business idea that seeks to improve the commercial strategies and the platforms of companies and that increases their added value.
https://www.tradeus.cl/

Qmatch: A service that allows companies to extract, compare and track their prices and products compared to their competitors, with the aim of achieving competitive advantages. The next steps are to automate the tool and to improve it with new functions, as well as the expansion into the Mexican market.
https://qmatch.cl/

Vestúa: An e-commerce platform for the purchase and sale of second-hand branded clothing from legal persons. Vestúa takes charge of the whole process that includes the reception of the garments directly at your home, the cataloguing, online sale and transfer of the profit from sales. The initiative is seeking funding to execute a plan for growth in Chile and to replicate this technology in Mexico.
https://www.vestua.com/

Fast Billing: A Chilean software that facilitates the process of billing and on-site meter reading for the basic services of the country (water, electricity, gas). Directly after the meter is read, the bill automatically gets printed on-site. This innovation allows the big companies to reduce their time of transportation and distribution of billing documents.

Source: Incubatec UFRO