Startup Beat

Parallel18, from the Puerto Rico Science, Technology, and Research Trust, is announcing that startups have until Sunday 30th to apply for its international accelerator program.

The organization, a non-profit created to maximize Puerto Rico’s participation and creation of jobs in the global knowledge economy, has already had over 256 companies graduate from the program.

In the program, $60,000 will be awarded to the startups will be divided into two parts — a $40,000 equity free grant and a $20,000 investment through a Simple Agreement for Future Equity (SAFE). 

Selected companies will receive mentoring and growth monitoring throughout a 20 week period, and will also have access to the entire community that is made up of all the program alumni, investors, and corporate and business partners.

Said Dr. Héctor Jirau, parallel18’s Executive Director, “The world economy continues to change and it’s our responsibility to adjust to these dynamic environments and

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