42 startups chosen for Parallel18’s 7th int’l cohort
September 27, 2019
International startup accelerator parallel18 has selected 42 startups for its seventh international cohort that starts Nov. 6th. The startups are bringing innovative solutions in industries such as education, fintech, biotechnology, SaaS, energy, environment, cleantech, computer software, food technology, advertising, tourism, fitness, e-commerce, agriculture and media. The selected companies come from 10 different countries of which […]
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Discover P.R. reports growth metrics to Oversight Board
September 27, 2019
A 55% increase in tourist demand compared to last year, a 14% increase in airport arrivals vs. 2018, a 11.8% increase in lodging revenues vs. 2017, a secured economic impact of $92 million in meetings and conventions bookings, were some of the highlights presented by Destination Marketing Organization Discover Puerto Rico to the Puerto Rico […]
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Ponce Health Sciences University lands $22M grant for disease research
September 26, 2019
The National Institutes of Health’s Institute of Minority Health and Health Disparities has renewed a $22 million grant to the Ponce Health Sciences University (PHSU) to be used over the next five years. Funding through the Research Centers in Minority Institutions Program (RCMI) has enabled PHSU to establish and develop an advanced investigation infrastructure, university […]
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SBA awards $300K to Puerto Rico Trade and Export
September 26, 2019
The U.S. Small Business Administration has awarded $300,000 to the Puerto Rico Trade and Export Company in competitive State Trade Expansion Program funding, “Through the STEP program, we are making additional resources available to Puerto Rico’s small businesses so that they may thrive in the global marketplace and further promote job creation,” said SBA District Director […]
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P.R. Vector Control Unit unveils study on insecticide resistant-mosquitoes
September 26, 2019
The Puerto Rico Vector Control Unit (PRVCU) took part in the 49th Annual Conference of the Society for Vector Ecology (SOVE), when it revealed the results of studies conducted by Unit scientists that reveal a resistance of mosquitoes to traditional insecticides. The event, promoted by SOVE, a professional organization founded more than 50 years ago, […]
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P.R. Tourism Co. nabs ‘Overcoming Adversity’ award during int’l convention
September 26, 2019
The Puerto Rico Tourism Co. received the first prize in the “Overcoming Adversity” category during the World Routes 2019 convention, a worldwide aviation event held in the city of Adelaine, Australia. “Having faced three unprecedented crises between 2016 and 2017, the organization implemented crises recovery management plan that included restoring core flights and re-establishing international […]
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Mitigation plans for coastal municipalities exclude dealing with sargassum
September 25, 2019
By Rafael R. Díaz-Torres | Center for Investigative Journalism The awareness that the governments of coastal municipalities and the central government have about sargassum and the challenges that this marine species present to communities, ecosystems and businesses has not been enough to integrate how it will be managed in the mitigation plans prepared by the […]
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U.S. Transportation OKs $13.7M in infrastructure grants to P.R. airports
September 24, 2019
The Federal Aviation Administration is awarding $13.7 million to finance infrastructure improvement projects at nine airports throughout the island. The funding is part of $3.18 billion set aside through the Airport Improvement Program (AIP) for airports across the United States and its territories. “This significant investment in airport improvements in Puerto Rico will fund construction and rehabilitation […]
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Dawn Foods completes sale of P.R. distribution center to Able Sales Co.
September 24, 2019
Global bakery manufacturer and ingredients supplier Dawn Foods today announced the sale of its Puerto Rico distribution operation to Able Sales Company, a supplier of sweeteners and ingredients to the food and pharmaceutical industries on the island. The financial terms of the deal were undisclosed. “We’re excited by the synergies created by teaming up with Dawn,” […]
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Industrial sector kicks off manufacturing week at Medtronic in Juncos
September 24, 2019
Medtronic’s facilities in Juncos served as the stage to kick off Manufacturing Week 2019, an annual event organized by the Puerto Rico Manufacturing Extension (PRiMEX) with support from the Puerto Rico Industrial Development Co, and the Puerto Rico Manufacturers Association. The events will take place from Sept. 23 to Oct. 4 under the theme “Developing […]
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Piloto 151, Evertec launch speaker series on female tech leaders in P.R./LatAm
September 24, 2019
With the purpose of increasing women’s participation in the technology sector, Piloto 151, with its series Womentechover, and Evertec, announced the launch of a speaker series in Puerto Rico and Latin America to highlight the stories of female leaders in the industry who can serve as role models and help move the diversity needle. The […]
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Local co. Amasar nabs ‘Entrepreneurial Spirit award during pre18 DemoDay
September 23, 2019
Parallel18, the global business accelerator operating since 2015, carried out the pre18’s second-generation DemoDay where more than 30 local companies presented their products and services. During the event, six companies received awards in different categories. Amasar won the Entrepreneurial Spirit Award sponsored by the Business Council of Latin America. This award recognizes a company that […]
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Evertec awards 135 scholarships to STEM students in P.R./LatAm
September 23, 2019
Evertec Inc. has awarded 135 scholarships to outstanding students from Puerto Rico and Latin America. In the past five years, Evertec has granted more than $500,000 in scholarships to students who are pursuing bachelor’s, master’s, and doctoral degrees at more than 25 universities. The Evertec Scholarship Program, which is now celebrating its fifth anniversary, supports […]
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Ticketera processes ‘historic’ sale of 30K concert tickets through virtual box office
September 20, 2019
Less than a month after taking over the box office contract for the Coliseo de Puerto Rico José Miguel Agrelot, local firm Ticketera announced it had operated uninterruptedly in the face of “unprecedented traffic” generated by the sale of Daddy Yankee concert tickets this week. The urban music artist sold out two concerts at the […]
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U.S. Treasury assigns $2.5M in grants to 20 credit unions
September 20, 2019
The U.S. Department of the Treasury awarded $2.5 million in grants to 20 credit unions through its Community Development Financial Institutions Fund to develop more community impact projects, the Credit Union Executives Association announced. Each credit union will receive $125,000 to allow them to prepare to access federal and private funds that will be invested […]
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