The incentive was to make Chile the Silicon Valley of Latam. The SUP vision is to "Convert Chile into the innovation and entrepreneurship hub of Latin America by attracting the world’s best and brightest entrepreneurs to bootstrap their startups in Chile."

Notice it doesn't say anything about people staying, just about people coming. Of course that if no one stays there is no ecosystem, but this is a work in progress. By attracting nerds, they got at least one part right (http://www.paulgraham.com/siliconvalley.html).

The chicken/egg problem is that we can't find follow-on investment here, so we leave. But if we leave, no VC will want to be here to make follow-on investments. What should we do?

and what is that incentive? there's no extended office space, mentor-ship, or support network, I was working with George on this, but we felt like it got slipped out beneath us when we tired :/ I agree with Herval that this could have be executed better, but more accurately that if these complaints don't exist the program will not improve (though many are extreme.. along with zac's comments :p )

Really it all boils down to there being no VC opportunities. The only angel/VC investor that was formally arranged for us to pitch to has left the country.

In fact, the Demo Day needed to be arranged by us instead of SUP staff taking the initiative. Hell, they were actually against it when asked on multiple occasions for their support. In the end all they did was blog about it as if it was their idea.

The above two paragraphs really sum up the problems. Reimbursements are tough, without clarity, etc., but the program will surely fail if they don't figure out the above.