Innovative SMEs

This program aims to assist small businesses and start-ups with a financial grant of up to a maximum of $ 100,000, to help them direct their business growth plans, market and export their innovative products based on science and technology. The money comes from the Special Economic Development Fund (Act 73-2008), so the companies that apply have to carry out activities eligible under Act 73-2008 and Act 20-2012.

Puerto Rico has several initiatives to boost the local economy, including incentives in different industries to motivate entrepreneurs and entrepreneurs to open their business in the Island or make the decision to expand business in Puerto Rico. The purpose is to promulgate the well-being and growth of micro, small and medium sized enterprises (SMEs). Providing support to young entrepreneurs, creative industries, agriculture, among others, fosters the spirit of economic growth and exploits the potential of these brilliant entrepreneurs.