VA Angels, Vario Ventures, and the Angel Resource Institute (ARI) joined 40 other location and international
investors at the largest investor event ever held for tech companies in Puerto Rico. As partners in Demo Day, the three groups were asked to look at investing beside the $50,000 cash prize that was awarded by local organizer Grupo Guayacán (Guayacán).
“For Guayacán, Demo Day is always a special occasion that allows us to connect the graduated companies of our business development programs with a diverse group of investors and other capital providers,” said Grupo Guayacán Executive Director Laura Cantero. Early stage companies were showcased from the SPRINGBOARD program, which focuses on provided knowledge, tools and resources to build investable ventures. Growth stage companies were showcased from the Guayacán Venture Accelerator (GVA) program, which focuses on established companies, evaluating their business models, and developing strategies for accelerating their growth.
Through entrepreneurship, important innovations find their way to market, leading to new products, services and processes. Randy Thompson, President of VA Angels, says “Groupo Guayacán has been instrumental when it comes to supporting its entrepreneurs in respect to business formation, expansion, and growth which has a net positive effect, stabilizing and growing economic activity.”