John Njoko, the founder of Kwelia, a real estate analysis company, has also reaped the benefits of the Start-Up Chile Project.

CNN: Santiago: South America's Silicon Valley?

As co-founder of a start-up called Fashion Project, she has a vision for bridging fashion with charity, which made me reconsider the possibilities of both industries.

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With so many unknowns, the programme teaches participants to treat their start-up as if it were a typical research project, amenable to the same iterative process of hypothesis testing and experimentation.

ECONOMIST: Innovation