Puerto Rico Science, Technology and Research Trust (Investor Bridge Project) Grant

This EDA investment funds the Investor Bridge Project, to enhance Puerto Rico’s economic development through a program to develop investment infrastructure, including a formal investment fund and investor education events, around Puerto Rico based global startup accelerator Parallel18.

Puerto Rico Science, Technology, and Research Trust will launch the Investor Bridge Project based on the Commonwealth of Puerto Rico’s needs and opportunities related to development of technology-based businesses by increasing investor resources to startup, technology-based entrepreneurs. The technology-based economic sector is growing exponentially in post-Hurricane Maria Puerto Rico. This opportunity is especially timely as there exists a gap in matching investors with local startups, as well as connecting with and educating potential investors on Puerto Rican opportunities. Hence, the Investor Bridge Project will create an investor education series, expand the investor network, and launch a formal investment fund with a target size of $10 million to acquire capital to invest in startups and other companies from the Puerto Rico tech ecosystem. Over two years, the Investor Bridge Project anticipates facilitating investments in 10 companies and supporting the creation of at least 50 jobs.