EDA ECOSYSTEM GRANT


The US Department of Commerce, Economic Development Administration Awards Funds to PRTEC to Support Innovation and Entrepreneurial Ecosystem

With the goal of enhancing the regional competitiveness of the Western Region of Puerto Rico, The Puerto Rico Technoeconomic Corridor, Inc. (PRTEC) was awarded a $379,301 grant from the Economic Development Administration (EDA) for the program: Strengthening the Entrepreneurial & Innovation Ecosystem in Western Puerto Rico. This is a two-year (24 months) project that looks to build on other efforts funded by EDA in the region such as REDIS 2014, a strategic regional plan, The Guanajibo Research & Innovation Park (GRIP) Master Plan, and the Bioprocess Development & Training Center (BDTC), a state of the art research and training facility to support the Biosciences industry in the island. Also, this project aims to take advantage of the strategic assets in our region to stimulate the global competitiveness of businesses operating in western Puerto Rico.

Through workshops, seminars, elevator pitch competitions, networking/matchmaking events, technical assistance and mentoring, and incubation services, the project will support new entrepreneurial activity at public & private university campuses in the region as well as growth and expansions of existing businesses in three regional innovation clusters (medical devices, renewable energy, and aerospace/information technology).