P.R.’s Parallel18 among winners of SBA’s Growth Accelerator Fund Competition
October 1, 2019
San Juan-based accelerator Parallel18 has been chosen among the 60 winners of U.S. Small Business Administration’s Growth Accelerator Fund Competition, to receive $50,000 each to support startups and entrepreneurs researching and developing STEM-related innovations. The combined $3 million will support development focused on a broad set of industries and sectors, SBA Acting Administrator Chris Pilkerton […]
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P.R.’s net migration reached some 113K people in ’18, according to Census
September 27, 2019
During calendar year 2018, it was estimated that about 113,000 people migrated to other jurisdictions in the United States, in net terms, according to the latest data from the American Community Survey released by the U.S. Census Bureau. Migration from Puerto Rico to the mainland United States increased by 36.9% between 2017 and 2018, […]
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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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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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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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Local start-up PRatian gets $200K in federal funds to develop agricultural tech
September 20, 2019
PRatian LLC, a Puerto Rican company dedicated to the development of aerospace technology to solve agricultural problems, has been selected to receive a $200,000 grant from the U.S. Department of Agriculture’s Small Business Innovation Research program. “It is the first time an agricultural company from Puerto Rico wins these funds in more than 20 years,” […]
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Grupo Guayacán pumps $1.2M into 175 Puerto Rican biz ventures post-María
September 19, 2019
A total of 175 Puerto Rican business ventures benefited from $1.2 million in funding granted over the past two years by Grupo Guayacán Inc. to boost the island’s recovery after the devastating hit of Hurricane María in September 2017, the nonprofit said. Among the business, 42 were projects in the idea development stage, 100 were […]
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SBA graduates 39 co.’s from Emerging Leaders Program in P.R.
September 19, 2019
The U.S. Small Business Administration graduated 39 companies from its Emerging Leaders program in Puerto Rico, completing the fifth cycle of the training series offered to small business entrepreneurs on the island, with cohorts in San Juan and — for the first time — in Ponce. “The desire to continue moving our island forward, even […]
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P.R. entrepreneurs confirm benefits of federal grants on their businesses
September 17, 2019
Local entrepreneurs and researchers who have marketed their innovations thanks to federal grant programs and the support of local business ecosystems organization gathered in San Juan to celebrate and share their success stories. The testimonials came during “The Faces of Innovation in Puerto Rico: SBIR Road Tour Kickoff” event organized by the Puerto Rico Science, […]
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Med Center opens new $7M Chronic Conditions Clinic in Ponce
September 16, 2019
Med Center announced the opening of a new $7 million Chronic Conditions Clinic in Ponce to address of asthma, hypertension and diabetes issues, executives announced. “Med Center’s Chronic Conditions Clinic will provide the most advanced health care to control comorbid conditions of diabetes, hypertension and asthma in Puerto Rico,” said Med Center Executive Director Allan […]
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12 local 330 health centers split $7.8M from U.S. Dept. of Health
September 13, 2019
The U.S. Department of Health and Human Services awarded $7.8 million for 12 new 330 health clinics in Puerto Rico as part of a global allocation of $50 million for 77 clinics in the United States, Northern Mariana Islands and Puerto Rico. “The novelty of this announcement is that two nonprofit organizations will receive $650,000 […]
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Science Trust bestows $3.1M in grants to 26 science, tech projects
September 13, 2019
The Puerto Rico Science, Technology and Research Trust Grant Program awarded $3.1 million to 26 science and technology research projects, including the “Advanced Research Grant” that promotes cutting-edge research in various areas of science and technology with $150,000 to each winner. The Catalyzer Research Grant was also awarded, which conferred $70,000 to each recipient and […]
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Foundation for P.R. gets $291K grant to support businesses outside SJ metro area
September 11, 2019
The Foundation for Puerto Rico received a $291,000 grant from the Ewing Marion Kauffman Foundation to create a multi-stage incubation program for entrepreneurs in communities outside the San Juan metropolitan area. The program will begin next month in the Coamo-Ponce region, foundation officials said. This is the first time that a Puerto Rican entity receives […]
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