Worldwide accelerator P18 has introduced its eleventh cohort, offering $60K grants to revolutionary tech startups. Startups within the US and internationally are inspired to use.
The funding quantity marks a 50% enhance in funding in comparison with earlier cohorts. Since its inception in 2015, P18 has obtained over 4,500 functions from greater than 60 international locations, with 256 firms finishing this system.
This system contains entry to the Parallel18 TalentApp, mentoring, and progress monitoring all through the 20-week program. P18’s neighborhood includes alumni, traders, mentors, company companions, and specialists accessible to founders.
The $60,000 funding awarded to startups is cut up right into a $40,000 equity-free grant and a $20,000 funding by means of a Easy Settlement for Future Fairness (SAFE). To apply, startups should be revolutionary, have three years or much less in operations, have generated gross sales or a validated product available in the market, have traction and progress, and be a scalable enterprise that may adapt to further markets.
A minimum of two founders should be capable of work full-time throughout this system in San Juan, and so they should current a plan on how they plan to leverage Puerto Rico to scale their firm.
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