Allocation: $85,000,000

Description: It supports the growth and success of new companies and businesses in the early stages of operation. This is done through various entities throughout the island that guide these small businesses through the incubation and acceleration process.

SMALL BUSINESS INCUBATORS AND ACCELERATORS PROGRAM

The Small Business Incubators and Accelerators Program (SBIA) works to strengthen the Island’s economy through the incubation and acceleration of small businesses, as well as to facilitate the resources to create and provide infrastructure to support both processes of business development.

Its main objective is to benefit citizens affected by Hurricanes Irma and Maria in the creation of new businesses, through an incubation process or to strengthen existing ones with an acceleration process. This is supported by various entities selected throughout the Island that submitted their projects.

Some of the services are:

Provide a collaborative work space with mentoring services
Assistance in the incubation/acceleration process
Professional networking
Ideas exchanges
Practical management training/workshops
Consulting
Technical assistance
Provide physical space and business resources at non-prohibitive costs for small and new businesses.

*This varies according to each organization’s offering.

Transparency Portal

GUIDELINES

Program Guidelines (V7.0) - Updated 04/10/2026

Download

Cross Cutting Guidelines (V4.0) -- Posted 11/04/2024

Download

INFORMATIVE MATERIAL

VIDEOS

The selection process is now complete and we have committed CDBG-DR funds to entities focused on the economic development of Puerto Rico.

Meet the entities

Learn about the entities throughout the Island that are focused on developing the capabilities of Puerto Ricans under this program and strengthening the economy of Puerto Rico.

Visit their pages for more information about their courses and enrollment process.

*Date format mm/dd/yyyy.

Organization	Project Name	Service	Location	Contact
Boys & Girls Club	Project Makers - Start up / Project Makers - Accelerate	Incubation / Accelerator	The whole island	787-772-4729projectmakers21@gmail.comhttps://www.projectmakerspr.org
Business Atelier	Immersion 360	Incubation	The whole island	939-293-2320info@busatelier.comhttps://www.bagroundwork.com
Business Atelier	Incubation 360	Incubation	North, East	939-293-2320info@busatelier.comhttps://www.bagroundwork.com
Business Atelier	Incubation 360	Incubation	North, East	939-293-2320info@busatelier.comhttps://www.bagroundwork.com
Carbono3	C3 Impact Lab	Accelerator	The whole island	787-600-3494info@carbono3.comhttps://carbono3.com
CDVCA	Unlock Capital	Accelerator	The whole island	787-289-7870https://www.unlockcapital.org/#contacthttps://cdvca.org/cdvca-launches-unlock-capital-program-in-puerto-rico/
Centro para Emprendedores	Nucleo	Incubation	The whole island	787-759-7696https://www.centroparaemprendedores.org/contactanoshttps://www.centroparaemprendedores.org/
Centro Sor Isolina Ferre	Surcos Business Developer	Incubation	The whole island	787-525-0511surcos@csifpr.orghttps://www.incubadorasurcos.com/contactanos/
Cooperativa La Sagrada Familia	Business Incubator Now	Incubation	Center	787-859-7965 / 787.859.7966ahora@sagradacoop.comhttps://www.ahorapuertorico.com/
Cooperativa La Sagrada Familia	Business Incubator Now	Accelerator	Center	787-859-7967ahora@sagradacoop.comhttps://www.ahorapuertorico.com/

Get ready to develop your idea or
strengthen your business!

TRANSPARENCY PORTAL

Learn more about the progress of this program on the Transparency Portal

Glossary

Approved allocation pending funds	Available budget	Available uncommitted	Available committed
Amount of CDBG-DR funds assigned to Puerto Rico that have not been released by the United States Federal Government for the use of the local government.	Amount of CDBG-DR funds that are available for the use of the Government of Puerto Rico.	Amount of CDBG-DR funds available for the use of the Government of Puerto Rico that has not been committed to any recovery activity.	Amount of CDBG-DR funds available for the use of the Government of Puerto Rico that has already been committed to some recovery activity.
Program Information
Total applications	Total subrecipients agreements	Executed agreements	Pending execution
Received applications submitted by participants of the program.	Applications to which funds will be granted to fulfill the program purposes.	Participants applications who have already been funds awarded to the Program.	Applications from eligible participants soon to be awarded by the program.

Entity types
Applicant information
Not profit organizations	University	Municipalities	PR Government
Organizations where all the money earned and or received its used in keeping the business running and not to profit the owners.	Higher education institutions that are constituted from several faculties.	Political-administrative units that make decisions within national state level of a single town.	Commonwealth that is divided into three branches: the executive, legislative and judicial. The executive branch is represented and directed by the governor.

Subrecipients agreements
Round 1	Round 2		Round 3
First time that funds were awarded to the selected institutions according to the amount of money that has been certified in that instance ($20,000.000).	Second time in which fund were granted to selected institutions according to the amount of money that had been certified in that instance ($20,000.000).		Total amount awarded to entities in the third round after covering administrative expenses ($50,000.000).

Awards total
First Round - $18,838,046	Second Round - $12,918,399		Third Round - $52,499,037
Total amount awarded to entities in the first round after covering administrative expenses.	Total amount awarded to entities in the second round after covering administrative expenses.		Total amount awarded to entities in the third round after covering administrative expenses.

This portal is automatically updated on a daily basis.

Small Business Incubators and Accelerators