The Technical Cooperation Service (Sercotec) offers various subsidies to support entrepreneurs in Chile. Among these, the Juntos Fund stands out, a program that seeks to promote associativity and the development of new businesses or the improvement of existing ones. This fund grants up to $31,000,000 to beneficiaries who meet certain requirements.
He Together Fund is a Sercotec initiative aimed at promoting cooperation between small and micro-enterprises. This subsidy is designed to help entrepreneurs boost their businesses by forming groups that work together. The financial support offered can be used for various activities ranging from training to investment in infrastructure.
To access this subsidy, interested parties must meet three basic requirements. First, they must form a group of at least three micro or small businesses with first-category start-up activities before the Internal Revenue Service (SII). Second, each company in the group must have individual sales ranging between UF 200 and UF 25,000 in the last 12 months. Finally, they can also apply for the Together Fund cooperatives whose average sales per member do not exceed UF 25,000 in the last year.
The Juntos Fund subsidy is distributed in different amounts depending on the needs of the project. Sercotec The group offers up to $4,000,000 to assess the potential of companies to form partnerships, the technical and economic viability of the project, and to develop a work plan that includes technical assistance and training. Additionally, up to $31,000,000 is earmarked for training and technical assistance, while up to $25,000,000 can be used for group and individual investments, depending on the number of companies in the group.
To apply for the Together Fundgroups of companies or cooperatives must present a project that demonstrates their potential for association and viability. It is important that the project addresses the group’s specific needs for technical assistance, training and investment. Each Sercotec Regional Directorate will evaluate the proposals and define the business contribution required for each case.
