The Puerto Rico Technoeconomic Corridor (PRTEC) is a regional economic development (501 c3) organization that integrates in its Board of Directors representatives from the private sector, academia, and government in an effort to promote innovation based economic development for the western region of Puerto Rico.
PRTEC has developed an innovation ecosystem during the past ten years and has accomplished several important achievements during that time. Among its success stories are: the establishment of 25 local technology startups, the creation of a new aerospace industry in the island, fostering the medical devices industry through its medical devices cluster, training 400 youth in technology & entrepreneurship, among other. All that resulting in the creation of more than 2,000 new jobs for western Puerto Rico. PRTEC has being the recipient of various federal grants from EDA ($50,000, $378,000), and DOL ($7.1 million).
Among its initiatives PRTEC manages Vitec, the first technology based business incubator established in Puerto Rico. Vitec offers ready to use offices and facilities, provides mentoring and technical assistance, and extends its large innovation & entrepreneurial ecosystem in western Puerto Rico to its clients and incubees. PRTEC also manages the Puerto Rico Medical Devices Cluster, which integrates global OEM, local suppliers, governemen agencies, and academic partners, in an effort to make the sector more competitive in the global economy. PRTEC is a founding member of the new Puerto Rico Aerospace & Technology Consortium, and hosted some of aerospace companies as landing site for their startup of their operations in the island at our Vitec Incubator.
In 2014 PRTEC received a grant from the US Department of Labor (Ready to Work Initiative). The initiative looks to retrain displaced workers in areas where the industrial clusters of the region have needs for recruitment. This sector are IT, Aerospace, and Medical Devices. Ready to Work Initiative trains and certifies participants in their area of expertise through accredited institutions.
Finally, PRTEC has Techno Youth, a program developed to promote technology knowledge and entreprenuership education in intermediate and high school students of western Puerto Rico. This program has impacted 500 students in the 12 municipalities since 2007.
It is an agribusiness incubator whose mission is to promote agricultural innovation and the development of agribusiness projects on the island. It is an initiative of the Puerto Rico Tecno Economic Corridor (PRTEC). Finca Explora is a physical space and at the same time a virtual platform completely dedicated to the development of the agricultural industry. Our main objective is to make Puerto Rico more competitive by creating an inclusive economic growth, reducing the need for imports and creating valuable food security.
Accelaration/ Incubation for Agro Entrepeneurs
Technical and Business workshops
Access to incentives & Funding Programs
120 Acres of land/ Administrative Offices
Support with Marketing & access to markets
Orientation in the preparation and sowing of land