pre18 is a program dedicated to help early stage, innovative Puerto Rican startups that have global potential, to get to market. #PalMundo
We believe in the Puerto Rican inventive and that entrepreneurship is the road to the island’s economic recovery before, during, and after Hurricane Maria. With this in mind, it was evident that local efforts needed to be doubled and we developed a pre-acceleration program that focuses on helping emerging entrepreneurs to develop their Puerto Rican businesses and get them to local and global markets.
pre18 offers a US$20,000 grant for up to 40 Puerto Rican companies. The purpose is the program is to help them turn their MVP into a business with globalization possibilities. The selected companies will receive an intensive pre-acceleration program that offers workshops, talks, and mentorship in topics that will help them determine the future of their business. At the same time, they must show how they’re progressing on the goals they set together with the pre18 team.
When your business participates in pre18, you’re preparing it for parallel18 and the possibility to receive an additional US$40,000 grant (if the company is selected to participate in our fifth generation that begins in August 2018.) Startups that have outstanding performance in pre18 will have a direct pass to the selection committee of our fifth cohort.
Any business that was founded in the last three years and that has an MVP of their product. In addition, their concept needs to have innovative component that can work and be marketed in and outside of Puerto Rico.
There is no catch, we only ask you to be 100% committed to your startup. For this to happen, your team has to be completely focused in the project; execute the goals set at the beginning of the program; comply with the hours of mentorship and any other activity aimed to pre-accelerate their companies.