Who May Participate
What We’re looking for
- Emerging businesses operating for at least 1 year to a maximum of 6 years
- Original project of the team
- Revenue stage
- A team with at least two members
- Less than $500K in revenue and $100K in liabilities
- At least one member with industry expertise preferred
- Evidence of customer validation preferred
- Full-time dedicated team preferred
About Enterprize
The EnterPRize Competition is Guayacán’s oldest and most established program, offered uninterruptedly since 2005. Throughout the years it has evolved from an idea to a business plan competition, and most recently to a business building competition focusing on existing start-up ventures with early sales traction. The program offers a robust curriculum of entrepreneurial education workshops covering topics from Lean Start-Up Methodology to Intellectual Property Protection, Marketing & Sales, Financials & Revenue Models, and Investment Readiness.
This is coupled with a series of coaching sessions where participants get the opportunity to pitch their ventures to a panel of local mentors that provide feedback and guidance throughout the competition. Additionally, participants benefit from mentoring and office hours with U.S. and international-based angel investors. Competition finalists are eligible to compete for $50,000 in cash prizes sponsored by GGI, as well as Special Track Prizes sponsored by our corporate partners. In 2020, Track Prizes amounted to over $200,000. The program is free-of-cost for all participants.
Some of the most exciting up-and-coming businesses in Puerto Rico are EnterPRize alumni.
THE PROGRAM
EnterPRize lasts about six months and workshops are run on the weekends. Participants will be learning about topics that will help them accelerate business growth.
Educational workshops
Opportunity to compete for seed capital prizes
Coaching sessions
Access to our local and global network
One-on-one coaching opportunities
Access to in-kind and discounted professional services
Opportunity to pitch at Demo Day
PROGRAM IMPACT
EnterPRize has provided startups with access to workshops, mentoring and equity-free seed capital since 2005. Here are some of the milestones our program has achieved:
Is your startup a winner?
Put your business to the test. Join the EnterPRize 2022 wait list.
Grupo Guayacán has been key to our success as business owners and entrepreneurs. We have become alumni of many Grupo Guayacán programs as they have been with us through the years, from the idea validation process to also becoming partners in our business through seed capital investment. Most recently, they have supported us with important coaching and mentoring in their Scale Up program.
This ecosystem has been an important connection point for our entrepreneurial community, from matter experts to connecting with other entrepreneurs to share ideas and collaborate.
– Daniel Rivera
Co-Founder & CFO, Molcajete Foods
I-Corps PR Cohort 14, EnterPRize 2017, Scale Up
ENTERPRIZE AWARDS
FIRST PLACE
$25,000
SECOND PLACE
$15,000
THIRD PLACE
$10,000
The top three ventures will also receive BMedia Billboard Spaces valued at more than $240K. Participants are eligible to compete for an additional $285K+ in special track prizes in the following areas:
SCALE UP
HEALTH INNOVATION
UNO CON EL AMBIENTE
ARTS & CULTURE
SÍ SE PUEDE
STUDENT ENTREPRENEUR
AGRIFOOD ENTREPRENEUR
INNOVATION & TECHNOLOGY
WOMAN ENTREPRENEUR
FINTECH: DEFINING THE FUTURE OF PAYMENTS
TRUE SELF AWARD
The competition’s top three ventures will receive $50K in equity free seed capital: $25K, $15K, and $10K respectively.
The top three ventures will also receive BMedia Billboard Spaces valued at more than $240K. Participants are eligible to compete for an additional $120K+ in special track prizes in the following areas:
AGRIBUSINESS & FOOD
$20,000
ARTS & CULTURE
$20,000
HEALTH INNOVATION
$20,000
INNOVATION & TECHNOLOGY
$30,000
SOCIAL IMPACT
$25,000
WOMEN ENTREPRENEUR
$23,750
STUDENT ENTREPRENEUR $3,000
What are you waiting for?
2020 PROGRAM CALENDAR
Application
Candidates complete an online application at:
bit.ly/enterprize2020app
Applications due by April 30.
Second Round of Evaluation: Virtual Interviews from May 12 to May 14.
Participants will be notified by May 25.
March 19 – April 30, 2020
JUNE – NOVEMBER 2020
Participants attend 16 workshops and 3 coaching session.
Workshops: Lean Start-up Methodology, How to understand and use Financial Information, Pitching Your Business, Performance Marketing, Planning and Budgeting, Corporate Governance, Legal Concepts & IP Protection, and many more!
Final presentations to EnterPRize’s panel of judges.
November 7
DECEMBER 7, 2020
Winners announced during Grupo Guayacán’s Year End Event.
The competition’s top 3 ventures will receive $50,000 in seed capital from Grupo Guayacán:
First Place – $25,000
Second Place – $15,000
Third Place – $10,000
Participants are eligible to compete for an additional $200,000+ in Special Track Prizes and to pitch
at 2020 Demo Day.
Guayacan’s top 3 ventures will also receive bMedia Group billboard spaces valued at $243,000+
Year-End Event
December 12, 2019
Winners announced during Guayacán’s year-end event.
The competition’s top three ventures will receive $50K in seed capital from Guayacán:
First Place – $25K
Second Place – $15K
Third Place – $10K
Participants are eligible to compete for an additional $120K+ in special track prizes and to pitch at 2019 Demo Day
Guayacan’s top three ventures will receive BMedia Group billboard spaces valued at $240K+
December 12, 2019
Application
MARCH 19 – APRIL 30, 2020
Candidates complete an online application at:
bit.ly/enterprize2020app
Applications due by April 30.
Second Round of Evaluation: Virtual Interviews from May 12 to May 14.
Participants will be notified by May 25.
JUNE – NOVEMBER 2020
Participants attend 16 workshops and 3 coaching session.
Workshops: Lean Start-up Methodology, How to understand and use Financial Information, Pitching Your Business, Performance Marketing, Planning and Budgeting, Corporate Governance, Legal Concepts & IP Protection, and many more!
NOVEMBER 7
Final presentations to EnterPRize’s panel of judges.
DECEMBER 7
Winners announced during Grupo Guayacán’s Year End Event.
The competition’s top 3 ventures will receive $50,000 in seed capital from Grupo Guayacán:
First Place – $25,000
Second Place – $15,000
Third Place – $10,000
Participants are eligible to compete for an additional $200,000+ in Special Track Prizes and to pitch
at 2020 Demo Day.
Guayacan’s top 3 ventures will also receive bMedia Group billboard spaces valued at $243,000+
The secret to getting ahead is getting started
Mark Twain (1835-1910), American writer, humorist, entrepreneur, publisher and lecturer
Grupo Guayacán acts as a fundamental bridge, connecting high-potential startups with business education, strategic connections, and capital, facilitating the tools we need to structure and strengthen the operations of our businesses. As the Founder of Materia Madura, a local industrial design company that focuses on reusing waste as a resource to create functional and sustainable products, this is precisely what we needed to take our company to the next level. By betting on our growth, Grupo Guayacán offers us the opportunity to create a greater impact in terms of sustainability in Puerto Rico, and in return, the business education, strategic partnerships, and capital they have provided us ensures the sustainability of our business in the long term.
– Ana Cristina Quiñones
Founder & CEO, Materia Madura
EnterPRize 2022
MOVING
PUERTO RICO
FORWARD