Accelerator & Talent Bank

RTPARK ACCELERator Program

The goal of the RTPark Accelerator Program is to build a pipeline of promising, early-stage companies that are operating on a smaller scale than traditional RTPark Clients.  The RTPark Accelerator Program will give participating, early-stage companies tools to grow and scale in the United States Virgin Islands. As they grow and hit certain milestones (outlined below) the participants will become traditional RTPark Clients and continue to help spur economic development in the Territory.

The Accelerator Program will focus on early-stage companies in the Territory, as well as attract early-stage entrepreneurs from around the world.

Eligibilty

  • The business is incorporated and/or will be incorporated in the USVI.
  • The business has at least a working Minimum Viable Product (MVP).
  • The business has received investment (including equity, convertible notes, government grants, and academic grants) totaling less than $2 million.
  • The business has the ability to scale (no traditional small businesses).

Structure of the Program

The RTPark will have one Accelerator Program Cohort each year.  In year one, the cohort will consist of six (6) companies, with flexible start dates.  In the following years, the program will have a more structured application deadline, start date, and end with a Demo Day.

The Accelerator Program period should terminate, and the business become an RTPark Client when the business accomplishes one of the following milestones:

  • At the end of year five (5); OR

  • When the company’s annual gross revenue reaches $1 million; OR

  • When the company receives investment (including equity, convertible notes, government grants, and academic grants) totaling greater than $5 million, post beginning the RTPark Accelerator Program

Application Process

Applications will open soon.  For more information, contact Eric Sonnier, Director of Global Business Attraction and Entrepreneurship.

INTERESTED OUR ACCELERATOR PROGRAM? KEEP IN TOUCH!

Interested our Entrepreneurship Program? Keep in touch!

First Name
Last Name
Title
Email
Company
Link to Website
Brief Summary of your Company and Problem You're Solving (500 words or less)
Number of Full-Time Team Members
Number of Part-Time Team Members
FY2018 Revenue
Funding Raised to Date (debt, equity, grants, etc.)
Last Name

 

 

Virgin Islands Talent Bank

The RTPark is proud to feature our VI Talent Bank: an expatriate program focused on building a network between talented Virgin Islanders, located around the world, who possess the skills and experience to be valuable resources to the Territory’s growing economy, and our RTPark client community through a centralized global directory.  

Registration for the VI Talent Bank will be open soon. For more information, contact Sydney Paul, Business Intelligence and Marketing Associate.

Client Testimonials

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

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

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