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Fintech activity in Puerto Rico is shifting as market conditions change, leading local founders to focus on sustainable growth. (Credit: One Photo | Dreamstime.com)
Featured, Telecommunications/Technology
Fintech grows cautiously as local leaders eye stability
G. Torres November 17, 2025

Puerto Rico founders say innovation is rising even as capital tightens, investor criteria harden and adoption remains conservative. #NewsismyBusiness

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Lucy Crespo, CEO of the Puerto Rico Science, Technology and Research Trust, which oversees the Xpand program supporting Puerto Rican companies expanding abroad.
In-Brief
Xpand opens call for Puerto Rico firms eyeing global growth
NIMB Staff November 12, 2025

The Banco Popular–backed program led by parallel18 will select up to 20 companies for free mentorship, funding guidance and international expansion support. #NewsismyBusiness

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A Mastercard–Endeavor survey found that Puerto Rican entrepreneurs see community and networking as the island’s top business advantages, followed by proximity to markets and competitive operating costs.
Featured, General Biz News
Study: Puerto Rico startups surge despite capital limits
NIMB Staff October 30, 2025

Mastercard–Endeavor report finds record growth, rising revenues and a maturing innovation ecosystem driven by talent and resilience. #NewsismyBusiness

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Thirteen Puerto Rican founders participating in the New York-Puerto Rico Life Science Exchange visit one of several biotech sites in New York.
Featured, General Biz News
Puerto Rico startups strengthen New York biotech ties
NIMB Staff October 22, 2025

Thirteen local life science founders joined the New York-Puerto Rico Life Science Exchange to connect with investors and expand research collaborations. #NewsismyBusiness

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The Center for a New Economy marked the Tobin Report’s 50th anniversary with the event “50 Years Since the Tobin Report on Puerto Rico.”
Biz Views
50 years after Tobin, Puerto Rico’s next industrial revolution is digital
NIMB Staff October 20, 2025

Parallel18’s Rodota says the island’s economic future rests on startups that drive local ownership and global reach. #NewsismyBusiness

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Isiah Cruz, founder of Ama Earth Group and a participant in BioLeap’s previous cohort under the Puerto Rico Science, Technology and Research Trust.Isiah Cruz, founder of Ama Earth Group and a participant in BioLeap’s previous cohort under the Puerto Rico Science, Technology and Research Trust.
In-Brief
BioLeap opens third bioscience cohort in Puerto Rico
NIMB Staff October 16, 2025

The parallel18 program offers free mentorship and resources to help scientists and entrepreneurs commercialize biotech innovations. #NewsismyBusiness

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Developed over 12 weeks with $25,000 in seed funding from Parallel18’s Pre-18 program, Tu Pausa offers short, guided sessions — between six and 28 minutes — accessible on any device.
In-Brief
Tu Pausa digital platform brings hypnotherapy tools to any device
NIMB Staff July 10, 2025

Puerto Rican startup offers emotional wellness tech backed by Parallel18. #NewsismyBusiness

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Gain Solutions founder Ricardo Benítez-Bajandas speaks during a workshop on export opportunities to Spain.
In-Brief
Gain Solutions boosts Puerto Rico’s global reach through Spain expansion
NIMB Staff June 16, 2025

Firm leads initiatives to connect Puerto Rican businesses with European markets. #NewsismyBusiness

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Women Trailblazers Connect marked the launch of a series of initiatives to promote inclusion and support women in Puerto Rico’s tech industry.
In-Brief
Women Trailblazers Connect event highlights Puerto Rico tech leadership
NIMB Staff June 4, 2025

Ironhack, Parallel18 and Tech SHEroes PR unite to empower women in tech. #NewsismyBusiness

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Erica Cole of NoLimbits, an accessible-apparel brand from P18 Gen. 12, raised $3 million in Series A funding and signed agreements with Hanger Clinic, Walmart and QVC.
Featured, General Biz News
Parallel18 welcomes 13th startup cohort, tops 500 accelerator grads
NIMB Staff June 3, 2025

P18 alumni have created more than 800 jobs, and their cumulative revenue has reached $502.3 million. #NewsismyBusiness

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Edith Brignoni, founder of Baby Abrazo, a digital brain health platform for families, received the Jumpstart Award and CPA business guidance at the BioLeap Showcase from the Puerto Rico Society of Certified Public Accountants.
Featured, General Biz News
13 Puerto Rico bioscience startups to expand in NYC after BioLeap
NIMB Staff May 21, 2025

Parallel18 and Science Trust celebrate second cohort with awards, mentorship and access to IndieBio accelerator. #NewsismyBusiness

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Meghan Wood, co-founder of Raya Power, which was selected to join Parallel18’s international P18 accelerator for a 20-week program.
In-Brief
Parallel18 graduates 23 startups, selects Raya Power for int’l program
NIMB Staff April 10, 2025

The startups of the seventh generation of pre18 received specialized mentoring in areas such as legal, financial, brand development, digital marketing, and capital raising. #NewsismyBusiness

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Puerto Rico has the sixth-highest availability of scientists and engineers in the world, according to the World Economic Forum’s Global Competitiveness Index.
Featured, Labor/HR
Tech acumen, can-do mindset, core values and grit set Puerto Rico’s tech talent apart
G. Torres March 31, 2025

The Office of Community College Research and Leadership confirmed that 23.3% of degrees awarded by Hispanic-serving community colleges in Puerto Rico were in STEM fields. #NewsismyBusiness

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In-Brief
14 STEM, bioscience startups to partake in 2nd BioLeap cohort
NIMB Staff February 13, 2025

BioLeap, parallel18’s bioscience incubation program, will provide business education and mentorship over 12 weeks to the participants of its second cohort. #NewsismyBusiness

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In-Brief
U.S. DOE awards $1M to Parallel18 to support clean energy tech startups
NIMB Staff December 27, 2024

The entrepreneurial center was awarded federal funding to continue supporting their clean energy initiative, Project Switch. #NewsismyBusiness

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QUOTE OF THE WEEK:

“We’ve seen an increase in bankruptcy filings, which leads us to conclude that many consumers haven’t been able to cope with credit card debt that piled up from last year’s holiday season.

 

We expect that the number of bankruptcies in 2026 will either surpass or remain similar to this year’s figures because of the ongoing economic crisis.”

 

— Yesenia Otero, client services manager,  Consumer

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