New Opportunities and Seed Capital for Technology Entrepreneurs
Business accelerator Startup.pr is calling on local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Sunday, August 8. Innovation and Technology Complex Director Amaury Malavé said that selected participants will receive training, prototype design consultancy services, and $5,000 per participant.
Six early-stage technology projects will be selected for this sixth edition of the Pre-Seeding Program, which begins September 27. These projects must meet all of the program’s requirements, Malavé said.
“The program’s main purpose is to provide financial and technical assistance to entrepreneurs, researchers, and inventors in the development and marketing of their innovative products. We want to support them because, although they are creating innovative ideas, they do not have all the necessary resources or the right environment to set up their businesses,” Malavé said.
The program offers 12 weeks of training on entrepreneurship topics, weekly tutoring and coaching sessions, technical and scientific assistance, intellectual property protection, prototype development, and construction, funding opportunities consulting, office and workshop areas, the opportunity to participate in future acceleration programs, and seed funds.
Startup.pr is an initiative supported by the Ana G. Méndez University and the Puerto Rico Science, Technology, and Research Trust.
Applicants to the new edition of the program must be entrepreneurs with a technology-based project and have an official representative in Puerto Rico. Furthermore, they must be in an early stage of their project idea and must have undergone a business validation or education process, whether from a university, a program, etc. Other requirements include having a non-functional concept, scale model, or prototype and not having received funds from any other similar program.
Selected applicants must participate in all the workshops, consultancy sessions, and other required activities. Seed funds must only be used towards consulting services, product development, validation, or other aspects related to the project’s development.
To participate in the program, interested persons must fill out a form and send their application, along with the required materials, by Sunday, August 8, at 11:45 p.m. More information is available at www.startup.pr