By : Inter News Service
Economic Development Secretary Alberto Bacó announced Thursday the alliance of various government agencies to develop a start-up type of initiative for Puerto Rico entrepreneurs.
The Puerto Rico Science, Technology and Research Trust; the Economic Development & Commerce Department (DDEC by its Spanish acronym); and the Puerto Rico Industrial Development Co. (Pridco) will contribute in carrying out the initiative and will contribute $1 million each.
Bacó, along with DDEC Deputy Secretary Juan Carlos Suárez; the principal operations officers of the Science Trust, Lucy Mena Crespo and Iván Ríos; and Pridco Director Antonio Medina Comas gathered to present the project .
Chilean-born Sebastián Vidal, who led a similar project in his country, was appointed to direct this local one with the task of expanding the business culture, attracting and encouraging entrepreneurs, and finding new companies in such areas as innovation and technology.
The program aspires to improve the student-retention rate by representing job opportunities, as well as motivating the return of Puerto Ricans who left the island in search of economic improvement and creating jobs.
Vidal announced that in the coming months the details of the project will be completed and said that during the first quarter of next year, they will be ready to receive the first participants.
"Start-ups are the economic engines of the economy in the information age," Lucy Crespo said.
Ríos Mena stressed the importance of developing a culture of entrepreneurship and risk on the island, and assured that the implemented measures could contribute to this.
"This new partnership will encourage the emergence of an innovative entrepreneurial class that will mark the way forward toward the diversification and internationalization of the Puerto Rican economy," Bacó said.