[matthewphiong]

Thanks!

From the Startup Chile FAQ, participants are entitled up to $600,000 CLP monthly spending on rental. Many had fully furnished apartments around Providencia with facilities like pool and gym (from HomeChile listings, apartments with such facilities are around 400k-600k). Providencia are also recommended because it is said to be safer.

PS: Another website similar to HomeChile is ContactChile (http://www.contactchile.cl)

[andrewcooke]

ok, so now i'm curious - if they paid less for somewhere to live, would they have more money for their startup? i'm sure you can imagine that the programmers that they are hiring for $1m a month don't spend 60% of their wages on pads with gyms and pools...

[capken]

Yes. As a single founder in the program I can claim up to 400 000 CLP, I currently pay 300 000. The difference is now available for me to use for any other purpose that is reimbursable.

[matthewphiong]

From what I know, yes. But the total reimbursement is capped at $40k USD which includes salaries and rental expenses.