I'm chilean, and I very much agree with you. I'm not sure about the strength or real impact in the long run, since this depends on the government and government changes every 4 years. In any case, I think it's a great initiative and would never say they are wasting our money.
PS: I'm the founder of a chilean startup, I have a few contacts here and there, and would love to keep connecting with other hackers and startup enthusiasts. My contact info is in my profile.
PS Are you guys here? Drop me an email when you arrive if you need anything ([email protected]) although I am not well-connected here it's always nice to chat in English (I'm a programmer - work from home for an American company...).