Summary ReportSeptember 2016 - March 2021

Prepared by: Dr. Moraima De Hoyos RupertoDirector

Our mission is to promote the development of a businessecosystem that mobilizes the multidisciplinary human andtechnical resources present in the University of Puerto Ricosystem; in order to stimulate innovation, entrepreneurship andeconomic development. We contribute to the economicdevelopment of Puerto Rico, while strengthening the role ofthe University as a leading institution in the area of highereducation on the island and throughout the Americanhemisphere.

The Business and Economic Development Center (BEDC/CNDE), attached to the UPRM College of BusinessAdministration, is a program established in 1986 with thepurpose of promoting economic and business developmentthroughout the island.

Who We Are

Our Components

Starting Point

Research demonstrate that universities must be at thecornerstone of any concerted effort to promote a pipeline ofentrepreneurial talent that ultimately leads to the creation ofinnovation driven ventures.

Pivoting Boost

Ecosystem BuildersThis component will integrate efforts to build anecosystem approach and encourage a networking culturethrough events, recognition of commitment to theinnovation agenda and managing the delivery ofvolunteer mentoring services in collaboration with theUPRM E-ship Network.

Assistance to innovative existing businesses throughone on one counseling, innovation Internships,technology transfer assistance and funding access.

This component is aimed at facilitating the road towardsscalability and financial feasibility of innovation drivenventures in the initial stages of development.

200Jobs Created

Jobs Retained

325

Investment

$6,100,000

Counseling Cases

500

Events

20

Attendees

2,000

BEDC Impact

Oct 2016- Sept 2020

Summary

Goal for 5 years

Direct Impact on BEDCStudent Interns

Students have worked directly with the BEDC asinterns. Among their tasks is direct assistance tocompanies, startups and support in specific areaswithin their areas of expertise.

Faculty Distribution Arts & Sciences: 4

Business Administration: 36

Engineering: 17

Agricultural Sciences: 2

UPR - Bayamón: 1

Distribution by Grade LevelSub-Grad: 42

Grad: 20

Actual StatusAlumni: 43

Students: 19

62

Impact on Our Students

Bianca Quiñones OteroHotel and RestaurantAdministration Graduate

"I have acquired all my experience at the BEDC. Iam now being considered to work with a federalagency. I never thought I was going to acquire allthis experience and it has helped me to performin this field."

Jahannie Torres RodriguezComputer Engineering Graduate witha Business Development Minor"My experience with BEDC has helped me withmy job at Colmena66. At Colmena66 I am incharge of the measurement and data strategyof the PR business ecosystem. In addition, I leadthe efforts of SBIR / STTR and the managementof the processes related to submitting proposalsand obtaining funds. I had already worked onmany of these issues at the BEDC or at least hadbeen exposed to them."

Impact on Our Students

Carolina RomanTele Radial Communications &Business Administration Graduate

"For me, the BEDC has been a place of greatopportunities and professional growth. In my careerit has been a key piece to develop my vocation, mycompany and where I have also learned to establish acommunity to help others. It is a place where thefuture of students is watched over, but beyond thatfor the future of a country that is constantlydeveloping and devising new solutions to problems."

Emmanuel OquendoMechanical Engineering Graduate

"BEDC was the central point of everything Ilearned about entrepreneurship at UPRM (UIF,Idea Platform, events). UPRM needs the BEDCso that students can create their own options onhow to stay in PR."

"The BEDC was a crucial part of my learningabout entrepreneurship. I did not participate inentrepreneurship classes, I only had interactionwith BEDC."

Impact on Our Students

Ninoshka Arroyo ValentínUndergraduate Accounting & ProjectManagement Student

"I started my university studies in 2018, in theconcentration of Psychology. My goal was alwaysto be a doctor since I was little, but when I startedat the Business and Economic DevelopmentCenter, which was in my first semester offreshman year, I had the opportunity to seedifferent areas which I had never taken intoconsideration in my professional life. That sameyear, thanks to the experiences I was getting atthe BEDC, I applied to the StartingBlockFellowship, held at the Marshall Business School,University of Southern California. The experience Igot in both places made me see and understandthat I had other professional goals, that is why Idecided to switch to Accounting for my secondyear. I would like to continue working in theConsulting area and continue with graduatestudies. "

"When I entered the university my goal was tograduate in the area of IndustrialMicrobiology and to continue my graduatestudies in medical school. When I arrived atthe BEDC, I didn't have the slightestknowledge of the business area and it was anarea that at first I really didn't like. Afterstarting and performing at my job, myacademic career took a turn. I fell in love withthe business area, especially being able toprovide that support to the students of ourcampus so that they can be theentrepreneurs of this new generation.Realizing how much I loved working withbusiness, I changed my concentration andstarted studying Social Sciences with a Minorin Business Development. This is with thegoal of being able to perform in the corporatelaw field once I graduate from law school.Working at the BEDC opened many doors forme, I gained knowledge and experience thatwill help me in my future as a professional."

Impact on Our Students

Grace M. Matos VazquezUndergraduate Social Sciences &Business Development Student

BEDC Budget on Students as I&E Interns

$322,565 (with 2021)

$ 174,981Student Wages

Assistantships

$78,000

Tuition

$12,536

Total Project

62 Interns

Number of Students onInternships in Companies

242020-2021(March)

2019-20209

2018-2019

9

2017-20187

2016-2017

10

Total: 59 Interns

Impact on Students through Real Course Projects

21Courses

4 Graduate

17 UnderGrad

17Professors

2 Engineering

1 UPR-B

+ 1,960Students

Student and EntrepreneursSuccess Stories

I&E Virtual Mentoring Program

Development of an Open EducationalCommunity through Moodle Community 115 registered8 Educational Modules+5 Webinars

Mentor Database & Dashboard87 individuals from 39 different organizations andinstitutions have voluntarily registered.

Development of Mentor Handbook and Webinars.

Development of Case management systemand dashboard

Support to 3 cohorts of NSF I-Corp Site UPRM60 professors certified as Virtual Educators.

Ecosystem Builders

The Hub of the UPRM E-ShipNetwork

A community made up ofstudents and professors at

the UPRM, as well asemerging entrepreneurs

from different parts of theisland of Puerto Rico, who

share a commitment tocreate opportunities of

collaboration andnetworking between

innovative minds.

Ecosystem Builders

Close collaboration with other I&E organizationsto support the I&E Pathway:

Ecosystem Builders

Maintain the metrics of the UPRM I&E ecosystem

We collect, analyze and present metrics on events and projects related tothe innovation and entrepreneurship (I&E) ecosystem of the MayagüezUniversity Campus. For this we use a tool which we call "UPRM EcosystemDashboard".

What is the UPRM Ecosystem Dashboard?

The dashboard is an efficient way to track the key factors that areessentials for the development and strenght of the UPRM Ecosystem

Ecosystem Builders

N ew Venture Design Experience (NVDE)Agro-innovation programEntrepreneurship Minor (ADEM)Other units of the UPR, including CienciasMédicas.

Echar Pa’ lante - Advisory BoardPRTRUST - SBIR CommitteeInternational Counsel of Small Business(ICSB)

Provide support to E-teams of :

We are part of the leading team of the UPR Innovation and Entrepreneurship (I&E)Group Team.

We have representation at national level on:

UIF - ProjectsThe University Innovation Fellows program empowersstudents and faculty to become leaders of change inhigher education.Fellows are leading a global movementto ensure that all students gain the attitudes, skills andknowledge required to navigate a complex world.

Enactus is an international non-profit organization thatbrings together student, academic and business leaderswho are committed to using the power ofentrepreneurial action to improve the quality of life andstandard of living for people in need.

The largest student organization focused on I&E inPuerto Rico. The organization is composed of individualcommunities, built and run by students, that arepassionate about disruptive technologies anddeveloping ideas. The managers of the EPIC Makerspace,the first peer to peer university collaborative space.

Student Organizations

Idea Platform

Enactus

Publications

How to Start, Develop and Manage a Small Businessin Puerto Rico represents a compilation of practicalinformation that can help the educator at the levelof institutions of higher education, technical orvocational college, programs to promote self-employment and others by providing referencematerial for the transmission of basic knowledge forthe establishment of a small business.

This publication aims to familiarize the reader withthe process of write a proposal to request funds,collaborate in its writing or pass judgment onpersonnel who prepare proposals. Through thisguide you can know the components of aproposal, the types of proposals according to theirpurposes, in which these are classified and therequirements that must comply withorganizations thatlie.

Publications

In Puerto Rico there are very few case studiesavailable, so the ones provided here are useful forlocal educators. Access to the case studies are onlyfor professors, instructors or teachers.

Success storiesInnovation and Entrepreneurship TopicsExclusive Interviews

UPRM E-Ship Network "La Revista" is a tool thataims to provide the students of our campus withsteps on how to develop their ideas. The purposeof this publication is to motivate our students totake the step to become the young entrepreneursof our generation.

In the publication you can find:

Events

Over the years manyevents have taken placein the UPRM I&EEcosystem. This showsthe participation of themembers of thecommunity distributedby several years rangingfrom 2012 to present day.

Webinars

Webinars I&E Corner

National Events

Participation in Global Events like:

National Forum of EntrepreneurialEducacion in Puerto Rico

The National Forum on Business Education inPuerto Rico is an event held annually at theUniversity of Puerto Rico, Mayagüez (UPRM). Since2014, the forum has provided an active learningspace where teachers and professionals can shareand acquire tools to develop entrepreneurial skillsin their students, regardless of the subjects theyteach.

Since2014

6'sEditions

Research

Collaboration with several research such as:

I-Corp: University of Puerto Rico - Mayagüez NSF I-Corps Site.

CAWT: Center for the Advancement of Wearable Technologies -Research Infrastructure Improvement. NSF Grant.

CMAT: Supplemental Project 3. Cell manufacturing as leverageto prevent further shrinking and promote growth in PuertoRico's pharma/biotechnology sector. NSF Grant.

CREST Phase II: Nanotechnology Center for Biomedical,Environmental and Sustainability , Interdisciplinary EducationGroup, NSF Grant, 5 years start in April 2014-2019. NSF Grant.

EPA: Water Conservation, Energy Efficiency and StormwaterPollution Prevention Assessment on Food ServicesEstablishments, Beauty Salons, and Automobile Maintenanceand Repair Shops. EPA Grant.

PAT: Advance Pharmaceutical Manufacturing to IncreaseCompetitiveness and Resilience. EDA Grant.

UPRM COVID-19 Recovery Corps

UPRM COVID-19 Recovery Corps

UPRM COVID-19 Recovery Corps

UPRM COVID-19 Recovery Corps

VIRTUAL ACADEMY

Hurricane Maria CapacityBuilding Program

$ 29,801,864 outof 53,857,122

EDA Funding to UPR Grantees

Hurricane Maria CapacityBuilding Program

$53,857,122Overall Potential Project Impact

Based on 900P of ApprovedInvestment

7 out of the 15 900 P’s submitted were

approved for EDA Investment

EDA Funding

Jobs Created: 6,059Jobs retained: 1,816

Hurricane Maria CapacityBuilding Program

UPR Successful Grantees

Project TitleAdvance PharmaceuticalManufacturing to IncreaseCompetitiveness and Resilience

Investment

$1,434,440.00

GranteeUniversity of Puerto Rico MayaguezCampus

Hurricane Maria CapacityBuilding Program

Project TitleAdvancing Science and TechnologyAdministration andEntrepreneurship (ASTRE Center)

Investment

$11,946,766.80

GranteeMolecular Science and ResearchBuilding & University of Puerto Rico

UPR Successful Grantees

Hurricane Maria CapacityBuilding Program

Project TitleUniversity of Puerto Rico, PonceSmart Hub

Investment

$16,420,648.00

GranteeUniversity of Puerto Rico, PonceCampus

UPR Successful Grantees

Summary ReportBy Year (2016- March 2021)

Impact Summary

October 2020 - March 2021

50Jobs Created

Jobs Retained1,317

Investment

$423,905

8Innovation Teams

9Start-Ups Established

Starting Point

October 2020 - March 2021

7Competitions Applications

$115,586 in InvestmentStarting Point Component

4Innovation interns

$298,320 in YearTotal of Investments Obtained (Yr.)

2020-2021 (Yr)

10

41

30

12

4Innovation Interns

1Collaboration with Courses

500 Hours $30,000 ServicesIn-kind services through Courses

6Technology-driven ventures

31 Existing BusinessesSupported by one-one Services

Pivoting Boost

October 2020 - March 2021

1Non-profit Organizations

9Entrepreneurial Events

Ecosystem Builder

October 2020 - March 2021

800+Participants

19Innovation Interns in BEDC

42 Doers Mentors NetworkActive Mentors and Collaborators

Success Stories

October 2020 - March 2021

Examples

UnderstHand an exclusive application for doctors. The application is based on a structured medicalappointment with images that will help improve communication between the doctor and an audioimpaired patient proficient in reading. The patient will select images, and little by little, a profile ofthis will be created to help the doctor understand their problem. In the end, the program will havespace where the results will be presented, and there, the doctor will be able to communicate with himand comment on his situation. The application will give the patient the opportunity to be heard, haveprivacy, and, in turn, will allow the doctor to offer therapy to you.

Insu Health Design is an innovation and technology-driven corporation focused on creating highquality, reliable products to enhance and protect the lives of bio-medicine users. They have been apart of amazing programs that have each played a crucial role in their company’s development.Through their participation in programs, they have raised over 94K in non-dilutive grant fundingwithin the last year, with the potential to add $100K+ more in the coming few months with thecompetitions they have lined up.

Immersive Learning offer educational experiences for children in Science, Technology,Engineering, Art, and Mathematics, popularly known by its acronym in English as STEAM. Theydevelop workshops, toys, and educational tools to provide a higher quality comprehensive educationwith the commitment to stimulate the interest and creativity of participants. They believe that today'seducation limits the potential of children. That is why they focus on integrating different forms oflearning and new technologies.

Press Engagements

October 2020 - March 2021

Figure 1:https://www.elnuevodia.com/negocios/empresas-comercios/notas/brainhi-creasistema-para-automatizar-las-citas-devacunacion/utm_medium=Social&utm_source=Facebook&fbclid=IwAR2R7Vp7CtvbOMsCvxYlYgWqRAAvixxwhsUe8bSAmH8MN5LI3gylHoW4eD4#Echobox=1610704633

Figure 2: https://www.metro.pr/pr/estilo-vida/2021/03/16/joven-emprendedor-boricua-ruta-competencia-mundial-empresarismo.html?fbclid=IwAR3aaNRA4X3TFfgEEKNwfoYJrshIy3xjmtLecAQ95LEhGFdJIUWQwFHiXC4

Figure 3: https://www.elnuevodia.com/negocios/empresas-comercios/notas/estudiante-del-rum-se-mide-en-competencia-global/

Figure 4: https://www.metro.pr/pr/entretenimiento/2021/03/03/emprendedora-boricua-sera-resenada-nuevo-documental-national-geographic.html

Figure 5: https://www.univision.com/shows/despierta-america

Figure 6: https://www.colmena66.com/es/blog/blog/2021/03/17/mujeres-por-un-mundo-equitativo

Impact Summary

April - September 2020

18Jobs Created

Jobs Retained180

Investment

$1,105,156

7Innovation Teams

5Start-Ups Established

Starting Point

April - September 2020

3Competitions Applications

$48,956 in InvestmentStarting Point Component

1Innovation interns

$354,754 in YearTotal of Investments Obtained (Yr.)

2019-2020 (Yr)

10

41

30

12

10Innovation Interns

4Collaboration with Courses

500 Hours $50,000 ServicesIn-kind services through Courses

12Technology-driven ventures

34 Existing BusinessesSupported by one-one Services

Pivoting Boost

April - September 2020

2Non-profit Organizations

39Entrepreneurial Events

Ecosystem Builder

April - September 2020

471 Participants

19Innovation Interns in BEDC

29 Doers Mentors NetworkActive Mentors and Collaborators

Success Stories

April - September 2020

SkootelSkootel is the first micro mobility company in PuertoRico and the Caribbean that allows you to rentalternate transportation vehicles, per minute, throughan app. Its mission is to bring the Puerto Rican peoplenew eco-friendly transportation alternatives

Insu Health Design is an innovation and technology-driven corporation focused on creating high-quality,reliable products to enhance and protect the lives ofbio-medicine users. Through their participation inprograms they have raised over 94K in non-dilutivegrant funding within the last year, with the potential toadd $100K+ more in the coming few months.

Insu HealthDesign

Examples

Press Engagements

April - September 2020

Impact Summary

October 2019 - March 2020

32Jobs Created

Jobs Retained24

Investment

$401,978

2019-2020 (Yr)

50

204

$1,507,134

19Innovation Teams

5Start-Ups Established

Starting Point

October 2019 - March 2020

13Competitions Applications

$305,798 in InvestmentStarting Point Component

1Innovation interns

$354,754 in YearTotal of Investments Obtained (Yr.)

2019-2020 (Yr)

10

41

30

12

8Innovation Interns

1Collaboration with Courses

5Patents / Competitions Applications

5Technology-driven ventures

15 Existing BusinessesSupported by one-one Services

Pivoting Boost

October 2019 - March 2020

2Non-profit Organizations

1778Participants

17Innovation Interns in BEDC

25

Ecosystem Builder

26 Doers Mentors NetworkActive Mentors and Collaborators

Entrepreneurial Events

October 2019 - March 2020

Success Stories

October 2019 - March 2020

MukaroMúkaro is a Puerto Rican startup focused on usingimmersive media to revolutionize Marketing for yourbusiness. They want to Transform the way people seemarketing through the use of Immersive Technology.

Ricura Caribeña is a startup that is projected to be theleading organic farm in Mayagüez supplyingvegetables to supermarkets. At the moment it hasCilantrillo, Oregano Brujo, Oregano Enano, Culantro,Menta and Yerba Buena.

Ricura Caribeña

Examples

Press Engagements

October 2019 - March 2020

Press Engagements

October 2019 - March 2020

Impact Summary

April - September 2019

56Jobs Created

Jobs Retained123

Investment

$306,101

6Innovation Teams

7Start-Ups Established

Starting Point

April - September 2019

8Competitions Applications

$33,500 in SP InvestmentStarting Point Component

5Innovation interns

$1,163,701 in YearTotal of Investments Obtained (Yr.)

2018-2019 (Yr)

14

27

22

8

8Innovation Interns

21Technology-driven ventures

21 Existing BusinessesSupported by one-one Services

Pivoting Boost

April - September 2019

2,238Participants

35Innovation Interns

26 Doers Mentors NetworkActive Mentors and Collaborators

Ecosystem Builder

50

April - September 2019

Entrepreneurial Events

Client Success Stories

April - September 2019

UnderstHandUnderstHand is a start-up, developed by anentrepreneur woman: Alondra Toledo-Febus. Whoseidea is an app that enables communication betweenhealth professionals and deaf individuals. UnderstHandhas market potential in Puerto Rico of over $767,000 ayear and in the United States, the potential would beover $132,000,000 a year.

Sustain-A-Bed is a start-up, developed by Claudia S.Feliciano-Soto, Kevin W. Rodriguez-García, Claudia S.Mendez-Martínez, and Patricia Quiñones-Osoriodeveloped bed for cows. How does this work? Thesebeds are made from recycled car tires; the bed willprovide better comfort for the cows so that they canproduce better quality milk.

Sustain-A-Bed

Press Engagements

April - September 2019

Figure 1. Alondra Toledo, Ex-Alumni of UPRM,won an Innovation Award on Macau, China. Herinnovation idea is an app that enables thecommunity with a health individual and a deafperson with artificial technology.

Figure 2. UPRM received $255,00 grant fromNational Science Foundation (NSF) for localscientists and engineers to develop their businessprojects and ideas.

Figure 1. Professor Dra. Moraima de Hoyos andengineering student Jahannie Torres won thehighest American continental award for the paper“A conceptual model to overcome the challengesof the faculty by integrating business issues intoundergraduate engineering programs.”

Figure 2. UPRM students won first place in Agro-Innovatiom Hackathon with their idea named Sustaina Bed. This idea is creating bed’s for the cows withrecycles materials for them to generate a betterquality milk.

Impact Summary

October 2018 - March 2019

37Jobs Created

Jobs Retained105

Investment

$857,600

2018-2019 (Yr)

93

228

$1,163,701

6Innovation Teams

7Start-Ups Established

Starting Point

October 2018 - March 2019

7Competitions Applications

$12,000 in SP InvestmentStarting Point Component

68Innovation interns

$1,163,701 in YearTotal of Investments Obtained (Yr.)

2018-2019 (Yr)

14

27

22

2Non-Profit Organizations / Social Businesses

21Innovator Teams Receiving Supporting Services

Pivoting Boost

1UPRM Start-Up Job Fair

11Innovation Interns

October 2018 - March 2019

5Internships Enterprises

Internships Partners

5The Weekend Design ChallengeThe AgroInnovation Weekend Challenge UPRM Start-Up Job Fair The Global Entrepreneurship Week Puerto RicoThe New Venture Design Experience Public Expo

Significant Events

Ecosystem Builder

Interns participated in the promotion of theentrepreneurship ecosystem.

The UPRM became the first I-Corps site in Puerto Ricoand the Center hosts and manage their website,logistics, training, and mentor organization.

Co-hosted the first NSF HSI Innovation conferencein Puerto Rico

48Entrepreneurial Events

October 2018 - March 2019

11Entrepreneurship Faculty Fellows

Students worked on strengthening the ecosystem.

15Doers Mentors Network

Success Stories

October 2018 - March 2019

AgroSoluciónAgroSolución is a new company, developed by RolandCruz-Ulloa, dedicated to increase productivity andefficiency from the Puerto Rican agriculture, differentareas like technical, finance, and marketing consulting,agriculture practice, administration factors, andbusiness network. They provide agriculture consultingwith the vision to reach food sovereignty and socialwelfares of agriculture and agribusiness.

Burnflex is a Puerto Rican start-up, developed by threewoman entrepreneurs: Maricely Ramírez-Hernández,Nelimar Muñoz- Martínez, and Carolina Román-Gonzalez that aims to create a proprietary spray foamfor the skin that generates a long-lasting barrier thatprevents the need for constant change. The expectedeffect is the reduction of the risk of infection for thepatient and inhibits the growth of microorganisms likebacteria and yeast.

Burnflex

Press Engagement

October 2018 - March 2019

Impact Summary

October 2017 - September 2018

Jobs Created

Jobs Retained

Investment

2017-2018 (Yr)

73

137

$2,953,250

Start-Ups

April 2018 - September 2018

26Competitions Applications

17Start-Ups Established

$332,500 in SP InvestmentStarting Point Component

16 Innovation Teams

68Innovation Interns

$ 2,953,250 in YearTotal of Investment obtained (Yr.)

2017-2018 (YR)

22

35

74

37

$640,0001 team Y-Combinator Awards & 2 Parallel 18

Pivoting Boost

April 2018 - September 2018

3 TeamsAwarded

11Innovation Inters

21 EXISTING BUSINESSESSupported by one-one services

3 Non-profit Organizations

Ecosystem Builder

21st UPRM I&E Week5th National Forum of Entrepreneurship Education

Significant Events

35 InternsInnovation Interns

26Active Mentors and Collaborators

Dr. José I. Vega-Torres, the center director receive arecognition as a P.R.'s Pillar of Entrepreneurship

April 2018 - September 2018

30Entrepreneurial Events

Success Stories

April 2018 - September 2018

BrainHiBrainHi is the first Puerto Rican start-up to beaccepted into YCombinator. BrainHi has over 100clients and keeps growing. Founder, EmmanuelOquendo, stated that “the support of the EDAUniversity Center and the mentors from the UPRM E-Ship Network were crucial in helping BrainHi excel inbusiness competitions and evolve as a resiliententerprise that has created 8 new jobs and attracted$500,000 in venture capital investments during thepast year despite the complex challenges we faced.

Burnflex is a Puerto Rican start-up, developed by threewoman entrepreneurs: Maricely Ramírez-Hernández,Nelimar Muñoz- Martínez, and Carolina Román-Gonzalez that aims to create a proprietary spray foamfor the skin that generates a long-lasting barrier thatprevents the need for constant change. The expectedeffect is the reduction of the risk of infection for thepatient and inhibits the growth of microorganisms likebacteria and yeast.

INSTARZ

Examples

Press Engagements

April 2018 - September 2018

Starting Point

September 2017 - March 2018

5Start-Ups Established

10 TeamsCompetition Applications

Hurricane Irma and Maria Hit Puerto Rico inSeptember with devasting damages. The BEDC

was able to return to be fully operational thelast week of October.

7 Innovation Interns

6 TeamsNew Venture Design Experience

Pivoting Boost

September 2017 - March 2018

23 EXISTING BUSINESSESSupported by one-one services

4

4Innovation Inters

Internship Enterprises

Internship Partners

Ecosystem Builder

September 2017 - March 2018

Entrepreneurial Events9

Active Mentors and Collaborators26

New Innovations4

Georgia Tech Visit2 Faculty Fellow

Epicenter (Stanford)Venturewell OrgGeorgia Tech Center

Complementary Networks:3

Participated in the UPRM Startup Fair21 Start-Ups

Client Success Stories

September 2017 - March 2018

SpotinA startup based in Puerto Rico developing a social appfor adventure travelers Startup.pr program assigned a$15k for participating in the 12 week acceleratorprogram in Gurabo.

WATRIC Energy Resources, believe in using innovationto drive sustainability. Their vision is that by developingsolutions and implementing new techniques forresource extraction & renewable energy and makingthem accessible to people, they can help make thewhole world sustainable. They were established in 2018in Puerto Rico after one of the biggest natural disastersin history.

WATRIC

Press Engagements

September 2017 - March 2018

Impact Summary

April - September 2017

35Jobs Created

Jobs Retained65

Investment

$549,215

Starting Point

April - September 2017

8Competitions Applications

10Start-Ups Established

6 TeamsParticipation NVDE

$1,122,591Investment (Yr)

Pivoting Boost

April - September 2017

6

6

10 EXISTING BUSINESSESSupported by one-one services

Innovation Interns

Internship Enterprises

Internship Partners

Ecosystem Builder

9

26

4

April - September 2017

Entreprenurial Events

Active Mentors and Collaborators

University Innovation Fellows (UIF)

Success Stories

April - September 2017

PARKNETOne of the cases from the Start-up Lab, Parknet, wonthe “Global Student Entrepreneurial Awards” andpresent their business idea in Frankfurt, Germany.

A mixed work and consumer cooperative. It is officiallyconstituted on October 11, 2016. It arises from theobjective of the Bicycle Master Plan to certify theuniversity as a bike-friendly by the League of AmericanCyclists.

BICI COOP

Social innovators completed the on-line Professional Certification of “Howto successfully write projectproposals”

Social Innovation Hub

April - September 2017

10 students provide individualizedassistance to social enterprises.

Press Engagements

April 2017 - August 2017

Impact Summary

September 2016 - March 2017

18Jobs Created

Jobs Retained36

Investment

$573,376

2016-2017 (Yr)

53

101

$1,122,591

Start-Ups

September 2016 - March 2017

3Competitions Applications

10Start-Ups Established

8 TeamsParticipation NVDE

Pivoting Boost

September 2016 - March 2017

10

3

10 EXISTING BUSINESSES

Innovation Interns

Internship Enterprises

Internship Partners

Supported by one-one services

Ecosystem Builder

8

18

4

September 2016 - March 2017

Active Mentors and Collaborators

University Innovation Fellows (UIF)

Entreprenurial Events

Clínica Legal

Success Stories

September 2016 - March 2017

Wonderen'sFoodsinaugurated their new installations on January.

Example

PARKNETIn December 2016, Parknet demonstrated their product“Gate Logic” to potential investors and in February2017 they won the Global Student EntrepreneurialAwards regional competition and will be going in Aprilto the finals in Frankfurt, Germany.

SpotinSpotIn successfully completed the I-Corps PR Programduring the spring and fall cohorts.

Social Innovation Hub

September 2016 - March 2017

156 social innovators certifiedOnline. Professional Certification of“How to successfully writeproject proposals”.

Press Engagements

September 2016 - March 2017