(CNN) -- Finding enough capital to give a burgeoning business its best shot of success is a challenge that faces many budding entrepreneurs. So when Mariano Kostalec heard about the Start-Up Chile initiative, he was intrigued. The government funded project offers high potential global start-ups a $40,000 investment on the condition they open an office in Chile. No equity is ceded and the only requirement is that at least one member of the team remains in the country for six months. The aim is to turn Santiago into South America's Silicon Valley.