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parallel18

Parallel18 seeking startups for acceleration program: Apply now!

Parallel18 is a top-level, performance-driven international startup program with a social mission: offering entrepreneurs from all over the world access to high-quality business training, funding, and networks to help them scale globally while working to position Puerto Rico as a unique hub for innovative businesses and technology. 

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Parallel18 (Image via P18 Impact Report)

Interested in taking your startup to the next level?

Parallel18 is calling for startups to join Gen.9 of their international acceleration program. Applications for the next cohort are open now through May 10th. Interested startups can access the application here. Gen.9 cohort will start in August 2021 and will end in December 2021. 

parallel18, startups

Parallel18 is calling for startups!

Parallel18 is committed to making Gen.9 their most diverse generation yet and they are especially interested in supporting underrepresented entrepreneurs around the globe. Since Gen.5, female founders in P18 amount to no less than 42% of each cohort. Additionally, 61% of P18’s graduates are Latinos and 33% of their Matching Fund investments have been in female-led companies.

Chosen companies accepted into the cohort will have the opportunity to access a network of investors, business partners and contacts who work closely with entrepreneurs to tackle every key aspect of the company’s needs. In addition, they will receive a grant of US $40,000 – equity free – consulting and support during the 20-week program. Participating companies will also have access to the entire parallel18 community composed of the program alumni, a broad network of mentors, corporate clients and investors.

What parallel18 will provide for #P18Startups

parallel18, startups

What parallel18 can offer you. (Image via P18 Impact Report)

  • Funding: US $40K grant (NO EQUITY)
  • Curated network of active investors
  • Connections to multinationals, so they can generate business relationships that can help you scale.
  • Acceleration like no other: parallel18’s program offers amazing mentorship, and the team is always hands-on, helping startups boost their growth. 
  • Because P18 believes in them: they created a follow-on matching fund to invest in their startups. P18Ventures offers the opportunity to apply for US $75K as an investment in your company. P18 has already invested in 24 of their alumni. 
  • Perks for all: P18 works hard to have access to discounts on the services you need to get things going.

What parallel18 is looking for from startups

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Parallel18 cohort members.(Image via P18 Impact Report)

  • Traction: startups that already have sales or users that are willing to pay for their product are better served by P18’s program
  • Scalability: companies that have a product that can easily adapt to other markets
  • Early-stage startups: startups that have been operating for 3 years or less
  • Be able to participate in P18’s blended format: selected startups will have to come to Puerto Rico to open their commercial bank accounts. They can also be asked to come to the Island for specific opportunities. All of this can be subject to change depending on how the COVID-19 pandemic keeps developing. 
  • Have a plan for your performance in Puerto Rico: this includes hiring, acquiring customers, among others

You might be interested: 7 Tips startups and entrepreneurs should consider to avoid going down

 

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Still need more convincing? Parallel18 has worked with more than 200 companies from more than 10 diverse countries. So far, their alumni have raised US $126M in investment after finishing their program and P18’s team is focused on providing the best opportunities to ALL founders. 

If you think your startup would be the right first for parallel18’s program, then Apply Now! Deadline: May 10th, 2021.

2017 Latina SmallBiz Expo & Pitch Competition hosted at NJIT

LatinasinBusiness.us announces the 2017 Latina SmallBiz Expo and Pitch Competition hosted by New Jersey Institute of Technology (NJIT) in Newark NJ and Media Partner Univision 41

logo latina expo pitch competition

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LatinasinBusiness.us, the national digital platform that advocates for the economic empowerment of the Latina working woman, has announced their 2017 Latina SmallBiz Expo and Pitch your Business to the Media Competition, an annual event that showcases the power and driving market force of Latina-owned small businesses in the Northeast. 

NJIT Campus Center Atrium Exterior (Courtesy of NJIT) pitch competition

NJIT Campus Center Atrium Exterior (Courtesy of NJIT)

LatinasinBusiness.us, the national digital platform that advocates for the economic empowerment of the Latina working woman, announced their 2017 Latina Small Biz Expo and Pitch your Business to the Media Competition. The event will take place at the New Jersey Institute of Technology (NJIT) Campus Center Atrium in Newark, NJ on November 9, 2017. Main Media Partner for this event is Univision 41.

Susana pitch competition

Susana G Baumann, Editor in Chief, LatinasinBusiness.us

“After two successful years of conducting our Pitch your Business to the Media Competition, we have added the Latina SmallBiz Expo to this annual event. We want to celebrate and showcase the power of Latina small businesses in the region, the driving force of many markets such as beauty, retail, clothing, telephone services, food and beverage, financial services and many more,” said Susana G Baumann, Editor-in-Chief, LatinasinBusiness.us.

Hosting this event will be the New Jersey Institute of Technology’s Enterprise Development Center (EDC), a high-tech and life science business development center on the campus of New Jersey Institute of Technology (NJIT). As an “innovation cluster” and focal point of global cooperation, the EDC boasts an ecosystem of ninety (90) seed, start-up, and expansion companies developing next-generation technologies and products across multiple industry verticals. 

The EDC ecosystem mirrors the diverse student and faculty body of NJIT with more than 2 out of 5 company CEOs being of color and nearly a quarter being women-owned. These companies have generated annual revenues of $110M, created over 800 jobs, and stimulated deal flow into the investor funding community via the NJIT Highlanders Angel Network (NJITHAN).

Jerry Creighton Sr., executive director of the NJIT/NJII pitch competition

Jerry Creighton Sr., executive director of the NJIT/NJII (Courtesy NJIT)

“We are excited to partner with LatinasinBusiness.us in support of the Latina SmallBiz Expo & Pitch your Business Competition. We share a common mission of empowering entrepreneurs and promoting opportunity, job creation, and economic growth in our communities,” said Jerry Creighton, Sr., executive director of the EDC. “The Expo and Pitch Competition, coupled with our contributing breakout sessions, will be an impactful learning opportunity for all attendees. We are very pleased to participate and welcome Latinas, the fastest growing business community in the nation, to our campus.”

Latinos represent 19 percent of the population in New Jersey and New York states. “In New Jersey alone, Latinos as a group make up the fastest-growing segment of the state’s population. They also contribute an estimated $46B in purchasing power to the state’s economy and own an estimated 36 percent of all small businesses,” Baumann said. “Similarly, New York Latinos’ purchasing power stands at estimated $90B and growing. Half of New York’s over 300,000 Latino-owned businesses are owned by Hispanic females, compared to 36 percent in the nation,” she added.

“We are extremely grateful to count with the support of NJIT as Hosting Sponsor and Univision as Media Sponsor because they recognize the relevance and potential of this community in the region,” Baumann said.

The event will take place at the NJIT Campus Center Atrium, 150 Bleeker St, Newark, NJ 07102, on November 9 from 4:00pm to 9:00pm. Free parking will be available for all attendees.

For information and to register or to participate in the Pitch your Business to the Media Competition, please visit Latina SmallBiz Expo ( https://latinasbizexpo.eventbrite.com/)

For sponsorship and promotional opportunities, please contact Susana@latinasinbusiness.us/.

NJIT Campus Center Atrium Interior (Courtesy NJIT) pitch competition

NJIT Campus Center Atrium Interior (Courtesy NJIT)