In the News: RTPark Launches New Accelerator Program

Published Monday, September 9, 2019
by Virgin Islands Daily News

In the News: RTPark Launches New Accelerator Program

Via The Virgin Islands Daily News

By Lori Abbot - September 9, 2019

Starting a business can be difficult, especially for first-time business owners. In an effort to encourage the growth of the technology industry in the U.S. Virgin Islands, the University of the Virgin Islands Research and Technology Park, known as the RTPark, has initiated its first 12-week accelerator program geared towards start-up companies who may need support to help them grow.

The RTPark was established in 2002 and secured its first client in 2006. Leaders at UVI, working closely with members of the Legislature and the private sector, aimed to create a platform for diversifying the USVI economy and for stimulating growth and economic development. Headquartered on St. Croix, the RTPark presently has 59 clients in the program, operating on all three islands. [Read the full story at the Virgin Islands Daily News]


Client Testimonials

In January 2012 my business was underway as a Tech Park entity. It has been a wonderful seven years. The Tech Park has always been supportive, easy to do business with, and is making a positive impact on the islands. The Tech Park organization is professional and efficient. They have created a friendly business environment that has been a pleasure to work within and a great experience overall. I would encourage any eligible entity to consider joining us in the Tech Park.

Louise Stapleton, LNL Publishing

There are many unique treasures to living here. I’ve discovered a passion for mountain biking. My children have learned to sail. With a small community, you get to know people quickly. We found they went out of their way to make us feel welcome. When considering the move, a top concern was the children’s education. We found a quality school our kids love, with a dedicated faculty. In fairness there is an adjustment period. You learn to navigate island life, master shipping logistics, get to know a new culture, and take in some of the most beautiful ocean views in the world.

David Thompson, Exigo

We have been part of the RT-Park program for almost three years now.  The application process was straight forward and we had plenty of dialogue and feedback prior to our approval.  My only regret is we didn’t do this sooner.  It is satisfying  knowing that we are partners with UVI and enabling the education of the next generation .  We also love living in the USVI.  People are warm and welcoming and the pace of life is amazing healthy.  Most days it feels like a working vacation.

Andy Hemmert, President , HRMT, LLC

Our firm, The RainTree Group, came into the UVI RT Park program in 2018.  We didn't have much experience in the USVI and followed the advice of the wonderful RT Park staff and other RT Park tenants.  The application process was transparent and straightforward.   The simple concept of the Park is mutual benefit - your company gets some tax incentives that allows you to grow your business more quickly and the USVI and UVI gets additional tax base, employment opportunities, and scholarships for deserving students.  The business environment and life in the USVI is slower paces and less stressful as the mainland, and without question the biggest business hurdle is communications, so find an office location where you have investigated the broadband options. Come and join us, you won't regret it!

James Salter, VosCom dba The RainTree Group