The Puerto Rico Innovation Development & Entrepreneurship Assistance (PRidea) Program will increase technology and development by small business concerns, facilitate technology transfer from university research to technology-based entrepreneurs, provide support to technology-based Hispanic and women-owned small businesses, engage entrepreneurs, provide support to small businesses developing SBIR/STTR proposals to support their innovative business.

The PRidea Program is divided in four phases

We will be accepting applications for each of the categories listed. 

  • Phase I

    Capacity Building

  • Phase II

    Technical & Business Assistance

  • Phase III

    Commercialization Process

  • Phase IV

    Business Venture Competition

Phase I is intended to provide basic SBIR/STTR basic knowledge that will make drafting a first proposal much easier. The participant will attend to the following.
Training Sessions:
Introduction to SBIR/STTR Program
Intellectual Property Protection
Patent Basics
Lean Canvas 101
Legal Structure: which one is best for your business
Phase II is a virtual workshop where participants are required to submit a preproposal or project summary in advance to for the SBIR Applicant segment.
Training Sessions:
Preparing a responsive SBIR/STTR Proposal
Drafting a budget for a SBIR/STTR Proposal
Business management for grant recipients
Phase I: Commercialization Plan Development
Phase II: Commercialization Plan Development
Phase III: PR SBIR Community
Phase III is a one-on one technical and business assistance where our consultants and/or contractors will review and edit participant proposals to convert technical concepts into the final competitive proposal.
Training Sessions:
Commercialization Strategies
Capital Alternatives for Venture and Innovation Businesses
Business Venture Competition
This competition is for Phase III participants the 4 winners of the competition will receive $5,000 each to be used to cover partial costs associated with R&D, scientific and consulting services, proposal review, market research and preliminary tests among other activities that directly strengthen their SBIR/STTR proposal, among other eligible costs. Business Venture Competition Innovation Potential Solicite.