Huddle Incubated Astrek Innovation Selected for Startup Chile Program Seed G22

Astrek Innovations a startup from Kerala, incubated by Gurgaon based incubator Huddle, and provided acceleration support by HealthStart India has been selected to the Startup Chile program Seed G22 (Generation 22). As part of their selection, they would be receiving around 40,000 USD (25 Million Chilean Pesos) as an equity free grant over the next 7 months. The program’s portfolio is valued over USD $1.4 billion, adding Astrek to a cohort of esteemed ventures, that are picked from all parts of the world.

Astrek Innovation, founded by Jithin Vidya Ajith and Robin Thomas is based out of Maker Village in Kochin, Kerala, and is supported by leading incubator and accelerator, Huddle and HealthStart, based out of Delhi NCR. Recent news showcased another one of Huddle’s incubated ventures, Trillbit, based in Bengaluru being scouted and supported by the TechStars program, thus adding Kerela based, Astrek Innovations, as part of the list of ventures being incubated and further recognized across geographies for their credible work. Astrek Innovations has previously gained recognition, awards, and grants by the Kerela Govt. for their work in creating a lower limb exoskeleton in order to provide assistance to enable paraplegics to walk, and are currently in the latter stages of development.

Robin Thomas, Co-Founder & CEO of Astrek Innovation will be leading the team in Santiago, Chile for the next 7 months with the aim of growing. Astrek Innovation would be part of a complete 6-month acceleration process which includes boards, pitch training, and workshops among other activities, and full access to a network of mentors, companies, investors, global partners, and alumni. The Kerela based team will also receive a work visa for one year so they can grow their business from Chile.

In addition, the best startups of each of the programs will be able to apply for an extension to access another 25 million pesos to stay in Chile doing business. This program has seen the emergence of innovative and impactful ventures, in which Astrek Innovations is a part of the esteemed list representing Indian ventures as part of Startup Chile.

Huddle is one of India’s leading sector-agnostic incubator working with startups across industries, with the primary focus of working closely with the founders of each venture and supporting them through the business functions that require assistance in order to get them to the next stage of their business life cycle.

In order to do so, Huddle provides each startup brought on board a dedicated Huddle mentor as part of the incubation support and framework, therefore following a methodology of one mentor - one mentee. In order to provide contextual support to each startup, Huddle's mentor base consists of over 35 industry-specific experts from around the country, that are either leading entrepreneurs or CXO's of large corporations, with a common interest and expertise in having worked with startups as mentors and investors.

Headquartered in Cyber City, Gurugram, Huddle’s incubation has grown ventures across India.

5 Countries That Pay Startups To Move Their Base To Their Land

When you're not able to convince someone to do what you want, what do you do next? You offer them incentives. Well, this is the path being adopted by a number of countries to attract new businesses to settle their base in their countries. If you're currently in the midst of starting a new venture, this article might help you a lot.

It is fascinating to know that they are certain countries out there that are offering entrepreneurs lucrative deals like immediate financial incentives to fund their startups and reduce their startup's bills and taxes etc. in an exchange that they move their base to their land.

Here's a list of the countries you can consider as a base for your upcoming Startup.

1. United States -

   Well, here's one country that we're sure you didn't expect to be on the list. Of course, the capital of capitalism, as it is fondly called by many, is doing exceptionally well when it comes to the business world, but there are certain parts of the country that are lagging massively and require government push.
   
   Anchorage, Alaska and Detroit, Michigan are some of the areas for which the State has schemes. Since each scheme has a different thing to offer, you must read and check all the terms of the relocation programs before making the big commitment.





2. Denmark -

   Known as an entrepreneur-friendly country, Denmark offers the startups an open access to the single market. The country's scheme provides entrepreneurs a fantabulous chance of getting a two-year working visa and a chance to settle in Denmark.
   
   The country might not offer you financial incentives directly on a plate, but it does give startups an access to its health and welfare systems, which are quite difficult to land for the newbies. According to experts, Denmark's scheme is one of the best ones available in the world.




3. Chile -

   Planing to set up your base in Chile? Congratulations, here's your $50,000. Sounds too easy, right? Well, unfortunately it isn't. Here's the catch.
   
   The Start-Up Chile scheme requires you to build a startup that is capable enough to transform itself into a global phenomenon. The scheme requires the entrepreneurs to stay in the Spanish-speaking country for the initials six months of the project. In order to make things lucrative for everyone, the program is conducted in English.



Since its inception in 2010, 45 percent of the businesses established under the program are still doing well and have helped the program script a winning story. Along with the monetary assistance, one also gets a one-year work visa and a list of well-established business contacts to get started with work.



4. Mauritius

   Getting paid to work in Mauritius. Won't that be a dream come true? The country has recently step its foot in the startup scheme market, so its scheme is still in its initial growth stage.
   
   In order to make the cut in the country's program, one needs to convince to the evaluation committee how their idea is out-of-the box but still viable. The startups are then graded in a number of categories, including Innovation, Technology, Business Model, Creativity and Financials.





5. Ireland

   Ever heard of Enterprise Ireland? The scheme, which attracts thousands of entrepreneurs from all over the world, is a hot favourite in the world startup industry. If you think your startup has a potential to become a global success, then you must try your luck by applying for funding from the Enterprise Ireland scheme. If you dod get accepted, then there will be no looking back for you and your firm. The scheme provides startups with thousands in funding and an opportunity to live and work in Ireland.
   
   Further, as a member of the European Union, your startup will have direct access to the common market using the Euro currency, which is one of the strongest currencies in the world right now.

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