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.
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).
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.
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.
The government of Puerto Rico offers several tax incentives for businesses that operate from the Island and serve customers and clients worldwide. This allows growing startups to save money on taxes and use it to scale and expand.
Puerto Rico is located in the middle of the action, many commercial airlines offer direct flights between San Juan and key cities in the U.S., Latin America, the Caribbean and Europe.
Puerto Rico offers a great lifestyle, with warm weather all year round, hundreds of miles of beaches and a lively and diverse culture. In addition, the cost of living is lower than most of the tech hubs in the U.S.