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Co-op seeks 100 entrepreneurs to form part of startup program

By on August 1, 2018

SAN JUAN – Cooperativa La Sagrada Familia is looking for 100 entrepreneurs willing to participate in its first business incubation program, which includes training and support for a year to help them turn their business ideas into reality.

The information was provided by the co-op’s CEO, Eddie Alicea Sáez, in a statement issued Wednesday.

The credit union launched “Business Incubator Now” to support residents of Guaynabo and nearby municipalities by offering them education and planning through the “Incubadora de MicroEmpresas Comunitarias Solidarias (iMECs).” The business startup project will begin at the end of August.

“We created Business Incubator Now because we are convinced we have to diversify the ways in which we serve our community. We believe it is now that the country needs to develop micro, small or medium-sized companies because their creation and strengthening will be the engine that will move Puerto Rico toward a stable economy, a more just and supportive economy,” Alicea Saez said.

The incubator is the result of an alliance with the Municipality of Guaynabo and the Cooperative Development Commission to develop entrepreneurship on the island.

The project will include a pre-incubation process to help participants determine the viability of their ideas. Then, community economic development experts Nelson Reyes and Lucy Carrasquillo, of Consultores Comunitarios, will provide participants with more than 70 hours of training, discussing a feasibility analysis, business plans, marketing, legal aspects, permitting, budgets, financing and customer service.

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