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March 11, 2016
ARAUCO SPONSORS 2016 MIT LATIN AMERICAN CONFERENCE
Cambridge, MA-ARAUCO was pleased to be a sponsor for the MIT Latin American Conference & Startup Competition in March 2016.

MIT Sloan students hosted the MIT Latin American Conference & Startup Competition where business leaders, politicians, academics, and aspiring entrepreneurs from the region got together to discuss how to promote creativity and innovation as a tool for economic development in Latin America.

Ten budding entrepreneurs pitched their innovative business ideas in front of an audience of MIT students and received extensive Q&A from a panel of prestigious judges.

The competition received a record number of applicants from universities and accelerators from across the United States and the region. The ten finalist teams that travelled to MIT included three teams from Chile, six from Mexico, one joint team of Colombian students from NYU-Stern and Northwestern-Kellogg and one Chilean team from MIT Sloan.

The ideas ranged from anti-kidnapping technology, to online marketplaces, to games to help children learn to code, to products to diminish the chemicals we put into our foods. At the end of the day, three finalists were awarded the opportunity to compete for the $5,000 prize: Briko (a fun educational device for children to learn electronics, robotics and programing); PIC (an interactive platform that raises funds to create and preserve parks around the world); and Shel-Life (a natural and organic edible coating that forms a second skin on fruits that reduce the dehydration and microbial contamination).

The three finalist teams for the MIT Latin American Startup Competition then presented, with Shel-Life by Polynatural, a natural and organic edible coating that forms a second skin on fruits that reduce the dehydration and microbial contamination, taking home the $5000 prize sponsored by Legatum and Arauco. The Chilean startup, led by Francisco Palma, hopes to use this money to patent its technology and scale production.

To read more about the event visit the MIT Latin American Conference website.