It’s not what’s next, it’s where. Puerto Rico.

Empowering Innovation and Technology from Start-Ups to Global Tech Leaders

TECH SECTOR SHEET

Tech Highlight: Puerto Rico as a Bioscience Tech Hub

Bolstered by the federal government’s recent designation of the Puerto Rico BioTech Hub, the island is poised to revolutionized biotechnology and medical device industries, pushing boundaries from discovery to global distribution.

+ On October 23, 2023, President Biden recognized Puerto Rico among the inaugural 31 national Tech Hubs.

+ This designation underpins our regional blueprint to ignite the tech sector and secure a position at the forefront of global innovation within a decade.

+ With the Tech Hubs Program’s direct investment, Puerto Rico is set to morph into a world-class innovation nexus, driving high-quality job creation and fortifying America’s workforce.

 

Investment
& Entrepreneurial
Community

Our dynamic community of game-changers, disruptors, and investors keeps growing by the day.

+  Puerto Rico’s tech landscape is thriving with disruptors and innovators, supported by top-tier accelerators that drove 2,679 entrepreneurs to secure $189M in investments in FY21-22.

+ Colmena66 leads U.S. Source Link for entrepreneurial support, while the Science, Technology & Research Trust invested $154K+ in tech talent development.

+ Panoramica and InvestPR’s Impeller provide unique insights and connect capital to innovative local projects, bolstering the island’s innovation ecosystem.

+  An eclectic mix of monthly meetups span blockchain, e-commerce, coding, and more, powered by a bilingual STEM workforce.

ENTREPRENEURSHIP SECTOR SHEET

Impeller

334+
Investor accounts
$26M+
Raised since launch
10+
Industries represented
Explore Opportunities


Future-proof Infrastructure

With billions in federal funds destined for infrastructure enhancement, our ecosystem is about to get better and more robust than ever.

+ An influx of federal funding is transforming our infrastructure, setting the stage for a tech ecosystem that’s not just better, but future-ready.

+ The Department of Economic Development and Commerce’s $50 million initiative is crafting the “21st Century Techforce,” aiming to hone 50,000 skilled professionals in the next decade.

+ Connectivity is king, with 31 internet providers and three 5G networks ensuring you’re wired for success.

+ We’re pioneering digital assets and blockchain innovation, laying the groundwork for a robust, competitive, and advanced technology hub—home to revolutionary Blockchain applications and Web3 technology.

Unparalleled
Tax Incentives

A unique package of smart tax incentives lets you reduce operational costs, boost innovation, take greater risks, and grow faster.

+ 4% fixed income tax rate on eligible income

+ 100% tax exemption on capital gains

+ 75% exemption on property tax

+ 75% exemption on municipal construction rate

+ 50% exemption on municipal license tax

+ 15-year standard tax exemption grant period, eligible for renewal

+ Up to 50% tax credit on R&D expenditures

Location
& Lifestyle

Year-round tropical weather & vibrancy: it’s where great talent wants to be.

+ World-class beaches abound

+ Puerto Rico is known for a friendly, welcoming culture

+ Live surrounded by nature and historical landmarks

+ Right in the middle of the Americas, just a short flight away from the mainland U.S.

Go More
in Depth.

Learn more in our Masterclass at Web Summit 2023:  “Puerto Rico: The ideal place to onshore into de U.S.” –

Gain strategic insights for expansion into the Americas through incentive optimization, IP protections, workforce, and corporate structuring.  Navigate the only U.S. advanced economy that isn’t subject to Federal Global Taxation, and why Puerto Rico is an ideal place for R&D, energy, and manufacturing.

 

Look for us!

Companies already doing business in Puerto Rico

Game-Changers,
welcome home.

CONNECT WITH US

Ready to make a move?

Brian Bourgerie

Fostering Innovative & Entrepreneurial Ecosystems
+1 (787) 822-8787
bbourgerie@investpr.org