Here is some information about the New Startup Founders Competition.
Greetings to all and our sincere empathy to the situation.
We want to announce that the New Startup Founders Competition that was offering Mayagüez Global Perspectives has been postponed until further notice. The project itself has paused because the pandemic event and we understand that not everyone has the resources to develop their competitive part. Still, we invite you to keep an eye on the Perspectivas Globales website and on Facebook that as soon as the competition returns the announcement will be made through them.
We appreciate your continued interest and energy.
Startup Founders Competition: $100,000 investment for the winning new company. This new startup competition is unique in that it brings investors with ideas for startups together with passionate and capable founders. Participants should be individuals willing and able to start and own a new company that will develop cutting edge technologies, platforms, and solutions to bring to market for global customers! The winner(s) will be entrepreneurial minded software, technology, and/or business enthusiasts that are passionate about building great new businesses, with global perspectives, from right here in Mayagüez. The new Founder(s) will be open to the ideas of others, willing to learn while doing, be ready to build an early stage team, and make a full commitment to their new venture(s).
There will be two phases of the competition. In Phase I, applicants will convey their personalities and show in a video why they are the best candidates for the new startup based on the topic they have chosen. Finalists will be selected from the Phase I applicants. In Phase II, the Finalists will be given further instructions where they will prepare, submit, and present live their proposed startup plan to the evaluation committee in Mayagüez.
Don’t see a topic that you are excited about? Create your own topic story. The list of topics provided has been specified based on areas that the investor is knowledgeable about and sees substantial new business opportunities around. If you choose to create your own topic area, it is important that you create and communicate a story around an opportunity where your product or service solutions will have strong demand both in Puerto Rico (for validation and early market traction) as well as in the mainland United States (for the primary market opportunity that your new business will pursue). It is furthermore important that your product or service would be effectively developed from Puerto Rico, and especially in consideration of the resources readily accessible.
As retail stores have matured it has become more and more difficult for new companies to get shelf space for their new products. Established brands often work quite hard to keep new competitor products off of the shelves. At the same time, online marketplaces offer some opportunities for new entrants but as a select few sites have become dominant, the similar problems of “shelf space” are occurring in these virtual marketplaces as well. What is needed is a solution that bridges this gap by offering the opportunity for new product suppliers to economically access new retail space for exposure and immediate customer gratification, while at the same time realizing the benefits of electronic commerce and sustainable brand loyalty.
Fast Healthcare Interoperability Resources for People and Small Communities. What applications and services will be needed to help healthcare providers understand, adopt and realize the benefits of the new FHIR standard? What companies will lead the delivery of solutions to this emerging industry? Medical information and data is expensive to generate and hard for patients to access. The data often exists isolated within specific healthcare providers that originally provided the services. Despite billions invested in electronic medical records, the problems persist. Patients often cannot easily obtain access to electronic copies of their test results or provide them to others. How can FHIR be leveraged to engage across the sea of smaller health care providers and laboratory facilities like those found throughout Puerto Rico, and throughout rural communities across the United States? 20% of the mainland U.S. population lives in rural areas served by small town local doctors and clinics.
In Mayaguez each weekday morning we have our older generation coming into town for their doctors appointments. Often they are being driven in by their sons or daughters or a good friend. They need affordable and easy to use parking assistance. Despite the plethora of valet app attempts, none has solved this problem where existing apps are expensive, rely on outdated parking models, or simply don't meet the need. It’s not just Mayaguez, throughout the United States there are thousands of small and mid-size cities, corporations, and universities with regular “parking” problems. Few establishments receive enough visitors to their front doors to justify their own valet.
Do you think it could be valuable to teach the science behind how we think, feel, and behave as part of the existing core curriculum for our children and young adults? How important is it to understand how others influence us, and how we influence others? Could understanding the fundamentals of human relationships help our society to achieve greater collective happiness while at the same time reducing hate and conflict? Despite an incredible amount of effort in the development of socioemotional learning (SEL) curriculum there has been relatively little uptake or deployment within public school systems. It seems parents don’t want teachers telling their kids how to feel, or whether or not values such as empathy are a strength or a weakness. How can we lead the way in teaching educators and their students important aspects about metacognition and relationships in a useful way? What type of business can make inroads into mainstream education, both inside and outside of Puerto Rico, and what types of products or services will it provide?
How will you leverage the increasing availability and affordability of robotic parts or 3D printing to disrupt another industry? It is often the case that it takes some time before creative innovating companies identify and develop the major disruptive applications and services around new technologies. This may be the case around the newest capabilities in the transfer of digital instructions into the real, physical world. Consider robotic parts or 3D printed objects that transform imagined digitized designs into reality or “fax” objects from one place to another. What different industry will you disrupt?
The investor and new company will execute a version of the well-known SAFE (Simple Agreement for Future Equity) agreement that has no maturity date. The agreement will also provide for the company to contribute royalties capped at 3x the investment account, to be directed to a nonprofit that will reinvest in other companies. In this way the successful new company will help pay it forward.
One person or up to three individual persons. This competition is not for existing companies.
Proposed project based on specific topics provided by the competition call.
Companies will be formed after awardee(s) are selected.
At least one member with engineering, software, or related technical background.
Full time dedicated team preferred.
Committed to Mayaguez Headquarters and co-location within Perspectivas Globales.
All participants should be 18+ years old.
Each person can only be part of one application for one topic.
Fiscally responsible track record.
Competition details subject to change.
In light of Executive Order (OE-2020-023) Issued by the Governor of Puerto Rico on March 15, 2020, and its corresponding extraordinary restrictions on businesses and all residents of Puerto Rico, including any potential participants, the Perspectivas Globales Competition is being suspended indefinitely. Once the crisis is fully over, we will communicate a new plan and timeline. To receive updates subscribe below.
Applications are not being accepted at this time