The Rising Enterpreneurs Program closed last Friday, December 6th. Thank you for those whom applied. In 2020 a new cycle will open.
A program to promote business creation for recent graduates and young professionals by providing the skills, experience, mentorship and financial back-up necessary to build and sustain entrepreneurial ventures.
Our program is focused on rural, high-risk areas in Puerto Rico where grassroots leaders are already making a difference with young people. We partner with selected organizations to strengthen operations and develop service-cultural venues.
The poverty rate in Puerto Rico is 44%, compared to the national US average of 14%
The median annual household income for the 3.4 million US citizens who live in Puerto Rico, a territory of the United States, is $19,500
The unemployment rate for youths ages 15-24 is 24%, this segment has higher rates of non-participation in school in comparison with their counterparts living in the United States
Young people without a high school diploma are three times more likely to be unemployed, underemployed or working for very low wages, often earning an annual income of $10,000 or less
In Puerto Rico there are approximately 475,000 children living in poverty
Being an entrepreneur is only considered as a good career choice by 18% of respondents, the lowest percentage among 100+ participating countries
Only 2.6% of the adult population in Puerto Rico started a new business venture in 2018
Most entrepreneurs have little support creating and sustaining a new business venture
22,000 STEM students graduate each year, however 60-70% leave the island in search of better opportunities elsewhere