To accomplish its objective of maximizing clients'
opportunities for success, VITEC2 facilitates access to
expert services in four primary areas:
Business and strategic planning
Entrepreneurship and management training
Research and technology
Finance and capitalization
Business and Strategic Planning
Business and strategic planning may be one of the most
difficult tasks for entrepreneurs to complete successfully
without the assistance from incubator staff. Many technology
entrepreneurs view the idea of a written business plan as
a lot of unnecessary paperwork. VITEC2 can assist in the
development of a preliminary business plan prior to admission
to the incubator program, provided the enterprise shows
access to an innovative product or service.
Service
Providers
Analyze
strengths and weakness of client firm.
Conduct market research to determine commercial feasibility.
Assist with preparation of business and strategic
plan.
Identify strategic alliance and joint venture opportunities.
VITEC2 staff and business consultants
University of Puerto Rico Mayagüez Campus
– Business School
Interamerican University Aguadilla Campus –
Business School
Puerto Rico Small Business Development Center
(PRSBDC)
University of Puerto Rico Mayagüez Campus
– Business School
Interamerican University Aguadilla Campus –
Business School
VITEC2 Board of Directors
Entrepreneurship and Management
The typical technology entrepreneur will have needs in
the management area, since most will not have experience
in this field. VITEC2 will offer a wide range of management
assistance, including access to management training, management
team and board selection, administrative support services,
mentorship.
Service
Providers
Client seminars and networking events.
Develop personalized entrepreneurship training program.
Develop executive mentoring program with successful
entrepreneurs.
Provide temporary staff.
VITEC2 staff and business consultants
VITEC2 staff and management consultants
Foamship Systems, Inc.
Technology Entrepreneurs of Puerto Rico
VITEC2 Board of Directors
Temporary personnel service providers
University students
Research and Technology Commercialization
VITEC2 will add value to client firms by linking academia
and industry resources for research and technology commercialization.
VITEC2 can serve as a broker in locating technical talent
within faculty, students and industrial partners.
Service
Providers
Provide
access to key technical faculty and students.
Organize technical review of business plan.
Assistance with intellectual property protection procedures.
Use database of researchers and technologies.
Conduct technical research to determine commercial
feasibility.
University of Puerto Rico Mayagüez Campus
– Engineering School
VITEC2 staff and Client Evaluation Committee
VITEC2 staff and legal consultants
PRSBDC – Technology Commercialization Assistance
Program
VITEC2 staff and technical consultants
University of Puerto Rico Partnership for Innovation
Program
University of Puerto Rico Mayagüez Campus
– Engineering School
Finance and Capitalization
Finally, stage financing is critical to the success of any
new venture. After admission, VITEC2 will collaborate on the
development of a comprehensive business plan and assist clients
identify sources of funds for startup, growth and expansion.
Service
Providers
Assist
in financial analysis/projections and evaluate financing
alternatives per firm stage.
Obtain SBIR support.
Provide access to seed and venture capital financing.
VITEC2 staff and financial consultants
PRSBDC – Technology Commercialization Assistance
Program
University of Puerto Rico Mayagüez Campus
– Research & Development Center
Business and strategic planning