Program Profile
Parallel18
San Juan, Puerto Rico5 months
Quick facts
- Headquarters
- San Juan, Puerto Rico
- Founded
- 2015
- Model
- Equity-free grant + optional SAFE
- Duration
- 5 months
About
Created by the Puerto Rico Science, Technology and Research Trust, Parallel18 gives founders a US$40,000 equity-free grant plus a US$20,000 SAFE investment. It runs four stages — pre18, P18, Xpand and BioLeap — and has supported 500+ startups generating over US$500M in cumulative revenue.
Before you apply anywhere
Profiling Parallel18 here is informational, not an endorsement or a guarantee of acceptance. Every program has its own selection bar, terms and fine print — verify current details on the program's own site before applying.
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Frequently asked questions
Does Parallel18 take equity?
Its model is: Equity-free grant + optional SAFE. Terms change over time and can vary by cohort — confirm the current deal directly with the program before applying.
Is Parallel18 only for companies based in Latin America?
Not necessarily — several programs profiled here accept applicants globally but run a Latin America-specific track or regional office. Check the specific program's eligibility criteria.
Where does this information come from?
Compiled from the program's own site and public press coverage as of the review date above. Accelerator terms, funding amounts and program structure change between cohorts — confirm anything load-bearing directly with Parallel18.