Impact Report
2023-2024
2023-2024
Puerto Rico is an innovation hub
The Trust drives innovation through more than 16 programs, rooted in our strategic pillars.
Overcoming this fiscal year’s challenges, our programs and teams have achieved great things, demonstrating our organization’s resilient spirit and adaptability.
Research & Development
148
Cumulative grants
+$16M
Grantees since program inception
+$60M
Return of funding
33
inventions disclosures evaluated by TTO
Entrepreneurship
+5k
entrepreneurs in 2023 marking a 36.9% increase compared to 2022
1.8k
Fase1 members, with 578 new registrations on online academy
498
graduated startups from Parallel18
$760M
Parallel18 grants distributed to 19 startups from 9 countries
Public Health
+11M
new funds obtained by the Puerto Rico Vector Control Unit and the P.R. Public Health Trust, a great achievement for public health pillar
+30
active studies for clinical trials for the Puerto Rico Consortium for Clinical Investigation that secured three clinical trials and seven active partnerships more this fiscal year
307
members in 3 health networkts that P.R. Public Health Trust establish, and also deployed 43 community health workers accross 29 municipalities
133
outreach and education activities executed by the P.R. Vector Control Unit
Education
75.5%
retention rate of participants in all STEM Workforce programs
75.5%
retention rate of participants in all STEM Workforce programs
100%
target goal for Puerto Rico Ready
795
meetups attendees with 51 subject matter experts in 6 meetups
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We Are The Trust
Our achievements over the past 18 years are the product of commitment from every one of our employees and program members. The human talent that we have attracted and retained is the engine of each successful initiative and project.
At the Trust, we believe and work to create a better future for Puerto Rico. Our 2022-2023 Annual Report shows the impact of our programs in the areas of Research, Entrepreneurship, Public Health and Workforce Development.
