REP MIGHT BE A GOOD FIT IF:
You have developed an expertise that has led to a successful product or service you are currently ready to take to market or scale sales.
You are a self-motivated individual who works well in collaboration with others.
You have some solid business skills, or you and other team members are committed to learning how to run a successful business.
The Rising Entrepreneurs Program aims to support young entrepreneurs who have technology-based solutions or innovative approaches through the three pillars: knowledge, access, and capital.
The Program pursues the goal of creating a more inclusive and sustainable entrepreneurial ecosystem in Puerto Rico with an emphasis on the Western region of the Island.
What We Look for In the Team
- Features an existing core team of at least two founders dedicated full-time to the venture.
- Skillset to be able to execute the business model.
- Be Puerto Rican or have a strong Puerto Rican heritage.
- Be purpose-driven to create a positive social impact through the business.
- Bilingual: Proficiency in both Spanish and English.
What we look for in the business
- Innovative product or service that brings a fresh, highly differentiated approach to the market.
- A business and revenue model that makes sense.
- A reasonable business case for scaling locally and abroad.
- Have distinct sales revenues from the product/service to be supported by REP.
- Have a P&L for the past year or can develop a proforma P&L.
- Have a runway for at least three months.
- Have less than 5 years for a SAAS or tech equivalent enterprise and less than 7 years for a physical product enterprise.
HOW TO APPLY
Applications are now closed!
Did you miss out? Don’t worry, our applications open every year.
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