Promoting Innovation and Inclusive Entrepreneurship
Parallel18 is a top-level, performance-driven, international innovation hub focused on providing funding, mentorship, business connections, and investment to underrepresented founders around the globe.
Why us?
350+
companies accelerated to date.
92%
of the startups that participated in our program are still active.
$170K+(USD)
value from perks offered by related partners to our participants.
$274.4M (USD)
investment raised by parallel18’s alumni.
$196M(USD)
parallel18’s startups cumulative valuation.
$27M(USD)
last year’s portfolio cumulative revenues.
What will we provide for Gen.11 #p18startups? $60K(USD) in funding. 50% more compared to our first nine generations.
$40K(USD)
equity free grant.
$20K(USD)
investment agreement for future equity (SAFE).
100+
hand-picked mentors and experts that have the best fit with the cohort so they can share their knowledge through talks and one-on-one meetings.
The parallel18 investor network is composed of 600+ local and international members, which actively invest in startups from Latin America, the United States, and Puerto Rico. Collectively, parallel18 graduated companies have raised close to $250M USD in private capital.
85%
portfolio companies still active.
60+
parallel18 Ventures investments P18 startups.
$3M+(USD)
capital invested in P18 startups.
We want our startups to grow, and one of the most effective ways to do so is to connect them with big local companies. #parallel18Startups are introduced to possible business opportunities to establish their footprint on the island and to begin their journey to scale in and outside their original markets.
75+
big corporate partners.
650+
unique interactions between corporate partners and startups.
160+
meetings conducted between corporate partners and startups.
High-quality business education is a must for every founder, especially when they are looking to grow and scale their business.
Become a #p18ner to make it happen.
What do we ask from startups?
Traction
We have seen the best success with startups that already have sales or users willing to pay for their products. For Gen.11 the traction metrics will be evaluated as follows:
- Enterprise/Marketplace startups: $2k+ in MRR (monthly recurring revenue) with a positive growth.
- Consumer products: 3k+ MAUs (monthly active users) with a positive growth.
Scalability
companies that have a business model that can be adapted to other markets but that have already launched their products in at least one market.
Early-stage companies
startups that have been operating for three years or less. This timeline counts from the moment the company starts selling.
Move to Puerto Rico for five months
Get involved with Puerto Rico’s startup and business ecosystem and be willing to stay on the island for the duration of the program.
Plan for Puerto Rico
Have a plan for your performance in Puerto Rico. This includes hiring and acquiring customers, among others.
Innovation
This does not mean that they necessarily have to be technology-driven companies; we measure innovation as introducing a new process that solves an issue, or a technology that is intellectual property.
Think you got what it takes?
Questions?
Get in Touch!
