P18 welcomes companies from around the world to help them scale from Puerto Rico to global markets.
Our mission is to invest in and accelerate the world’s most ambitious founders while positioning Puerto Rico as a global launchpad for innovation and technology-driven entrepreneurship.
Key offerings
With a collaborative startup ecosystem, growing talent pool, and opportunities across diverse sectors, Puerto Rico is a dynamic place to build and scale a business—while enjoying the #WorkHardPlayTropical lifestyle.
Weekly Follow-ups
The parallel18 team supports weekly progress and strategic plans of the startups with a KPI methodology. This facilitates access to relevant resources such as mentors and service providers.
Weekly Follow-ups
The parallel18 team supports weekly progress and strategic plans of the startups with a KPI methodology. This facilitates access to relevant resources such as mentors and service providers.
Bootcamp format
With a highly-curated list of mentors, the P18 curriculum adapts to the cohort’s needs while offering educational sessions ranging from sales, fundraising, operations, among others.
Bootcamp format
With a highly-curated list of mentors, the P18 curriculum adapts to the cohort’s needs while offering educational sessions ranging from sales, fundraising, operations, among others.
Investment Resources
#P18ners will receive a $100k investment via SAFE (Simple Agreement for Future Equity). Also, the Ventures team actively connects with investors interested in supporting startups participating in P18.
Investment Resources
#P18ners will receive a $100k investment via SAFE (Simple Agreement for Future Equity). Also, the Ventures team actively connects with investors interested in supporting startups participating in P18.
Connections with Corporate Partners
Parallel18 Connect facilitates intros with local industry leaders that can help startups launch their solutions in Puerto Rico.
Connections with Corporate Partners
Parallel18 Connect facilitates intros with local industry leaders that can help startups launch their solutions in Puerto Rico.
Basic requirements
Our international acceleration curriculum invests in startups scaling globally.
Early Stage Innovation
Your startup is innovative, and in an early stage with 3 years of operations or less.
US or Puerto Rico
The company is incorporated in Puerto Rico or in the United States with authorization to do business in Puerto Rico if selected.
Investment
Participating startups must be prepared to raise an investment round, whether already open or anticipated to open within six months of the program start date.
Two founders
To participate, your startup must have at least two (2) full time founders.
Move to Puerto Rico
Your startup’s team leader is available to participate through the 16-week term in Puerto Rico.
Documents & Downloads
All the official info and resources, right at your fingertips.
Frequently Asked Questions
What is P18?
P18 welcomes companies from around the world to help them scale from Puerto Rico to global markets. Our mission is to invest in and accelerate the world’s most ambitious founders while positioning Puerto Rico as a global launchpad for innovation and technology-driven entrepreneurship.
When does the program run?
Phase Zero (4 weeks)
- The P18 selection process consists of an initial due diligence term with a 4-week virtual evaluation.
- Startups will participate in virtual meetings and workshops to assess investment readiness.
- Successful completion is required to advance to the 16-week Curriculum.
Week Curriculum (16 weeks)
- Once officially selected, the cohort receives their $100k investment and participates in the full acceleration curriculum.
What type of investment do startups receive?
Selected startups receive $100,000 via SAFE (Simple Agreement for Future Equity).
Is P18 focused on specific industries?
No, P18 is industry agnostic. We focus on startups that are innovative, scalable, and investable, regardless of their industry.
How much weekly time is required by the program?
The program requires four to six hours a week. In this time, you will meet with your Startup Specialist for weekly KPI Updates, participate in Mentor Sessions with experts in the field, connect with our mentor network for 1:1 Office Hours, and much more.
What about my team members? How many can/should I have? Are they required to live in Puerto Rico?
The program requires that the company have at least 2 full-time founders. Nonetheless, to participate in the program, your company must have one Team Leader and up to two Team Members, duly specified in the application.
In-person participation in the program is mandatory. At least the team leader should be able to make the arrangements to be in Puerto Rico for the duration of the program. If not a U.S. citizen, the team must have the capacity to apply for a visa to enter the U.S.
Who can apply to P18?
Startups must meet the following criteria:
- Innovative and early-stage startups: Operating 3 years or less.
- Startups must be incorporated in Puerto Rico or the U.S., with authorization to operate in Puerto Rico if selected.
- #P18ners should be prepared to raise a pre-seed or seed round (already open or within 6 months of program starting).
- At least two full-time founders, with the team leader actively engaged for the full program.
Do I need to be from Puerto Rico to apply?
No, P18 is an international program open to startups from anywhere in the world! But, you should definitely be willing to live on the island during the duration of the program.
How does the application process work?
The application process has multiple phases:
Phase Zero (4 weeks)
- The P18 selection process consists of an initial due diligence term with a 4-week virtual evaluation.
- Up to 30 startups will participate in virtual meetings and workshops to assess investment readiness.
- Successful completion is required to advance to the 16-week Curriculum.
Evaluation and judging round
- A selection committee will form a cohort of 18 startups. An additional interview may be applicable upon selection.
- Once officially selected, the cohort receives their $100k investment and participates in the full acceleration curriculum.
When is the application process?
Applications will reopen in 2027.
Is there a fee to apply?
No, there is no application fee.
How many startups will be selected?
Up to 18 startups will be selected for the upcoming cohort.
When will I know if I’ve been selected?
Applicants will be notified of their status after each phase of the application process.
What does P18 offer besides an investment?
- Introductions to our corporate partners
- Bootcamp curriculum format.
- Hand-picked mentors for one-on-one guidance.
- A Perks Program valued at $500,000.
- Access to the Puerto Rico startup ecosystem.
- Networking opportunities with investors and other founders.
- Access to parallel18 coworking space
What is included in the Perks Program?
The Perks Program includes exclusive discounts on essential services like cloud hosting, marketing tools, legal services, and more. These perks help startups conserve cash flow during critical growth stages.
Why should I relocate my startup to Puerto Rico?
Our mission is to also nurture our local ecosystem with international startup innovation. We believe that entrepreneurship can promote economic growth and advance our Puerto Rican ecosystem!
Puerto Rico offers:
- Strategic location as a gateway to both U.S. and Latin American markets
- U.S. jurisdiction with bilingual talent
- A growing talent pool in tech, finance, and creative industries
- A collaborative startup ecosystem
- Opportunities in diverse sectors, including renewable energy, agriculture, and pharmaceuticals
Do I have to be incorporated in Puerto Rico?
The entity is the legal company duly specified in the application form behind the startup applying to the program. The entity needs to be incorporated or authorized to do business in Puerto Rico, in the United States or Puerto Rico as a Corp. or LLC company. In the case that the company does not have a legal firm, the program will provide you with the contacts of service providers who can help you in this process. If you’re planning to apply for any of the tax incentives available for startups, you need to be incorporated on the Island.
Which tax incentives apply to startups?
Startups can apply for several tax incentives according to their needs and operations. If you want more information about tax incentives and startups, visit Invest Puerto Rico.
What are the visa requirements?
We always encourage you to consult with your country’s U.S. embassy. Most parallel18 participants apply for a B1/B2 Business Visitor visa. Here’s a link with more information on that visa: https://travel.state.gov/content/travel/en/us-visas/tourism-visit/visitor.html.
I have a question that isn’t answered here. How can I get in touch?
Please contact us via email at [email protected] with any additional questions.
Questions?
Get in touch!
Looking to connect with our team or learn more about what we do? Complete our contact form and a member of the parallel18 team will get back to you soon.