A new paradigm in paradise
For over 60 years, Puerto Rico has played a key role in global Pharmaceutical and IT companies supply chain for its highly-skilled population and attractive tax structure under U.S. laws. But the economy has evolved and the Island has what it takes to become a powerful platform for startups. Parallel18 harnesses those advantages that attracts big companies, to help startups scale globally.
Live where others vacation. Work how others wished.
What we offer
Equity free funding
US $40K to help your company grow and get to the next level. Alumni may also qualify for a Follow-on fund from the Puerto Rico Science and Technology Trust that matches capital raised (up to US $75K).
A place to call home
Coworking space in a vibrant and urban environment, with super-fast internet, a few blocks away from the beach. The neighborhood offers affordable housing, hip and authentic restaurants and easy access to public transportation.
Connections to take you further
A complete support system and acceleration program, with high-level resources and access to a global network. We make sure you connect with the right people to maximize your startup's potential.
Facilitated soft landing under U.S. legal system. We work with a team of professionals experienced in bilingual and multicultural companies that can guide you through the process of setting up your business in Puerto Rico.