Evertec Inc. and the Puerto Rico Science Technology and Research Trust announced the signing of a collaboration agreement with its start-up accelerator program, Parallel 18 (P18).
The Puerto Rico's Science, Technology and Research Trust will invest $225,000 through the follow-up fund Parallel18 Ventures in InsureTech startup Abartys Health and FinTech startup Quiena, the nonprofit confirmed.
Business accelerator Parallel18 (P18), announced that 40 local companies were selected to enter the pre-18 preparatory program that begins in April and will grant $20,000 in funds, among other benefits, for the development of their businesses.