A new wave of entrepreneurs is transforming Puerto Rico
Build your start-up into a scalable business and compete for thousands in seed capital prizes.
EnterPRize is Puerto Rico’s leading business building competition, which provides start-ups with access to workshops, mentoring and equity-free seed capital.
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Who May Participate

EnterPRize is open to Puerto Rico-based startups from any industry.

What We’re looking for

  • Emerging businesses operating for at least 1 year to a maximum of 6 years
  • Original project of the team
  • Revenue stage
  • A team with at least two members
  • Less than $500K in revenue and $100K in liabilities
  • At least one member with industry expertise preferred
  • Evidence of customer validation preferred
  • Full-time dedicated team preferred

About Enterprize

The EnterPRize Competition is Guayacán’s oldest and most established program, offered uninterruptedly since 2005. Throughout the years it has evolved from an idea to a business plan competition, and most recently to a business building competition focusing on existing start-up ventures with early sales traction. The program offers a robust curriculum of entrepreneurial education workshops covering topics from Lean Start-Up Methodology to Intellectual Property Protection, Marketing & Sales, Financials & Revenue Models, and Investment Readiness.

 

This is coupled with a series of coaching sessions where participants get the opportunity to pitch their ventures to a panel of local mentors that provide feedback and guidance throughout the competition. Additionally, participants benefit from mentoring and office hours with U.S. and international-based angel investors. Competition finalists are eligible to compete for $50,000 in cash prizes sponsored by GGI, as well as Special Track Prizes sponsored by our corporate partners. In 2020, Track Prizes amounted to over $200,000. The program is free-of-cost for all participants.

Some of the most exciting up-and-coming businesses in Puerto Rico are EnterPRize alumni.

THE PROGRAM

EnterPRize lasts about six months and workshops are run on the weekends. Participants will be learning about topics that will help them accelerate business growth.

Educational workshops

Opportunity to compete for seed capital prizes

Coaching sessions

Access to our local and global network

One-on-one coaching opportunities

Access to in-kind and discounted professional services

Opportunity to pitch at Demo Day

PROGRAM IMPACT

EnterPRize has provided startups with access to workshops, mentoring and equity-free seed capital since 2005. Here are some of the milestones our program has achieved:

0
YEARS OF IMPACT
$ 1 M+
SEED CAPITAL AWARDED
0 +
GRADUATING TEAMS
$ 0 M
RAISED BY GRADUATED TEAMS

Is your startup a winner?

Put your business to the test. Join the EnterPRize 2021 wait list.

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EnterPRize was the starting point for my life as an entrepreneur. The competition taught me important skills that I still use and helped me validate that we can launch global companies from Puerto Rico. Through hard work and support from Guayacán and others, we have transformed our dream into a biotechnology firm with 24 employees, sales in the U.S, Europe, Asia and South America, and over $10 million in capital raised from federal grants and private investors.

– Dr. Ignacio Pino
President, CDI Laboratories
Winner, EnterPRize 2006

ENTERPRIZE AWARDS

The competition’s top three ventures will receive $50K in equity free seed capital:
1st Place

FIRST PLACE
$25,000

2nd Place

SECOND PLACE
$15,000

3rd Place

THIRD PLACE
$10,000

The top three ventures will also receive BMedia Billboard Spaces valued at more than $240K. Participants are eligible to compete for an additional $120K+ in special track prizes in the following areas:



AGRIBUSINESS & FOOD



ARTS & CULTURE



HEALTH INNOVATION



INNOVATION & TECHNOLOGY



SOCIAL IMPACT



WOMEN ENTREPRENEUR



STUDENT ENTREPRENEUR

The competition’s top three ventures will receive $50K in equity free seed capital: $25K, $15K, and $10K respectively. 

The top three ventures will also receive BMedia Billboard Spaces valued at more than $240K. Participants are eligible to compete for an additional $120K+ in special track prizes in the following areas:

AGRIBUSINESS & FOOD
$20,000

Sponsored by Puerto Rico Farm Credit and Walmart 

ARTS & CULTURE
$20,000

Sponsored by Fundación Ángel Ramos and Fundación Flamboyán

HEALTH INNOVATION
$20,000

Sponsored by MCS Foundation

INNOVATION & TECHNOLOGY
$30,000

Sponsored by Assurant, Ferraiuoli LLC, FirstBank and Liberty

SOCIAL IMPACT
$25,000

Sponsored by Popular Inc, Causa Local, Grupo Ferré Rangel and ConPRometidos

WOMEN ENTREPRENEUR
$23,750

Sponsored by Familia Diaz Rivera, Oriental, Titín Foundation, TOTE and Aerostar

STUDENT ENTREPRENEUR $3,000

Sponsored by EO Puerto Rico

What are you waiting for?

2020 PROGRAM CALENDAR

Application

Candidates complete an online application at:
bit.ly/enterprize2020app

Applications due by April 30.

Second Round of Evaluation: Virtual Interviews from May 12 to May 14.

Participants will be notified by May 25.

March 19 – April 30, 2020

JUNE – NOVEMBER 2020

PROGRAM

Participants attend 16 workshops and 3 coaching session.

Workshops: Lean Start-up Methodology, How to understand and use Financial Information, Pitching Your Business, Performance Marketing, Planning and Budgeting, Corporate Governance, Legal Concepts & IP Protection, and many more!

Final Judging


Final presentations to EnterPRize’s panel of judges.

November 7

DECEMBER 7, 2020

Year End Event

Winners announced during Grupo Guayacán’s Year End Event.

 

The competition’s top 3 ventures will receive $50,000 in seed capital from Grupo Guayacán:

First Place – $25,000

Second Place – $15,000

Third Place – $10,000

 

Participants are eligible to compete for an additional $200,000+ in Special Track Prizes and to pitch
at 2020 Demo Day.

 

Guayacan’s top 3 ventures will also receive bMedia Group billboard spaces valued at $243,000+

Year-End Event

December 12, 2019

Winners announced during Guayacán’s year-end event.

The competition’s top three ventures will receive $50K in seed capital from Guayacán:

First Place – $25K
Second Place – $15K
Third Place – $10K

Participants are eligible to compete for an additional $120K+ in special track prizes and to pitch at 2019 Demo Day

Guayacan’s top three ventures will receive BMedia Group billboard spaces valued at $240K+

December 12, 2019

Application

MARCH 19 – APRIL 30, 2020

 

Candidates complete an online application at:
bit.ly/enterprize2020app

Applications due by April 30.

Second Round of Evaluation: Virtual Interviews from May 12 to May 14.

Participants will be notified by May 25.

PROGRAM

JUNE – NOVEMBER 2020

Participants attend 16 workshops and 3 coaching session.

Workshops: Lean Start-up Methodology, How to understand and use Financial Information, Pitching Your Business, Performance Marketing, Planning and Budgeting, Corporate Governance, Legal Concepts & IP Protection, and many more!

FINAL JUDGING

NOVEMBER 7

 

Final presentations to EnterPRize’s panel of judges.

Year-End Event

DECEMBER 7

 

Winners announced during Grupo Guayacán’s Year End Event.

 

The competition’s top 3 ventures will receive $50,000 in seed capital from Grupo Guayacán:

First Place – $25,000

Second Place – $15,000

Third Place – $10,000

 

Participants are eligible to compete for an additional $200,000+ in Special Track Prizes and to pitch
at 2020 Demo Day.

 

Guayacan’s top 3 ventures will also receive bMedia Group billboard spaces valued at $243,000+

The secret to getting ahead is getting started

Mark Twain (1835-1910), American writer, humorist, entrepreneur, publisher and lecturer

With the award received from EnterPRize I was able to complete all the requirements for the goat herder license and the cheese factory license; it was what transformed me on and put me on the structural legal landscape to get my product out. Thanks to Grupo Guayacán I was able to bring 50 new goats that will be producing milk next year and quadruple my production.

– María Teresa Juan Urrutia
Urrutia Foods
1st Place Winner 2017

MOVING

PUERTO RICO

FORWARD

25 years