LatAm List – Parallel18 is a government-funded accelerator in Puerto Rico that provides startups with $40K equity-free funding and five months of work space in San Juan to help them grow their startups. In two years, P18 has funded over 200 startups from across the globe, helping connect Latin America to the US startup ecosystem.
The accelerator recently announced that it would become one of the regional partners for Google Developers Launchpad, a a branch of Google that operates a global acceleration program to support startups. Google partners with accelerators outside of Silicon Valley to grow ecosystems in smaller hubs.
The partnership will allow Parallel18 to access a network of global accelerators and leverage their resources for P18 entrepreneurs.
“Our alumni consistently highlight the educational component and the mentorship with local and international experts as parallel18’s greatest value. By teaming up with Google Developers Launchpad we reaffirm our commitment to support young innovative companies in their journey to scale globally.”
From Kevin O’Toole, head of Google Launchpad:
“Puerto Rico is one of the most promising entry points to the Hispanics market in America, and thanks to Parallel18, all startups both in the island and everywhere else in the world, can benefit from our Launchpad program, and mentor network.”
Read more about this partnership in News is My Business.