Innovation & Entrepreneurship

Made For and Inspired by Entrepreneurs

Puerto Rico is a hotspot for entrepreneurship. Our legacy in manufacturing has evolved into a vibrant ecosystem that supports a wide spectrum of enterprises, from startups to fully-scaled operations in a variety of industries. The island’s unique combination of business incubators, incentives, shared work spaces, and tropical lifestyle has made it a rising hub for entrepreneurs.

#1
in the region for higher education and training
$595M
annual private sector payroll
#2
in LATAM for digitally fluent professionals

Primed For the Tech-Savvy

Puerto Rico is a prime site for 0G to 5G connectivity and the integration of the Internet of Things (IoT). Through the work of companies like Everynet and Sigfox, Puerto Rico is light years ahead in connectivity and IoT allows companies on the island to take advantage of unprecedented data transfer speeds to optimize operations. 

Meaningful change comes from innovation. This is why the island is one of the main proponents of startup culture, and why so many incubators and business accelerators call Puerto Rico home, making it a hub for all entrepreneurs.

Entrepreneurs Are the Building Blocks of the Business Community

An Entrepreneurial Wave

  • A 1300% increase in venture capital funds, from 2014 to 2017
  • More than 15,000 people have participated in entrepreneurship initiatives led or backed by the Puerto Rico Science, Technology & Research Trust (PRST)
  • The University of Puerto Rico’s Center to Foster Innovation and Commercialization supports entrepreneurs from ideation through implementation
  • Tax incentives have helped Puerto Rico emerge as a tech hub that attracts pioneers, innovators, and entrepreneurs in cutting-edge sectors

Compelling Incentives

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

Subject to renegotiation for an additional 15 years

† From securities and digital assets (eligible investments) and capital gains and other investment income sourced to Puerto Rico and not subject to federal income taxes

A Culture of Productivity

Puerto Rico features many elements that help boost productivity, including an established network of entrepreneur-focused nonprofits that spark start-up collaboration, as well as a community of supportive business and community leaders. The ecosystem is primed to scale business endeavors for national, regional, or global markets.

Ready to Invest?

Collaborate with entrepreneurs & innovators and transform your business in Puerto Rico.