The goal of the RTPark Entrepreneurship Program is to build a pipeline of promising, early-stage companies that are operating on a smaller scale than traditional RTPark Clients. The RTPark Entrepreneurship 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 Entrepreneurship Program will focus on early-stage companies in the Territory, as well as attract early-stage entrepreneurs from around the world.
- The business is incorporated and/or will be incorporated in the USVI.
- The business has more than one founder (no sole founders).
- 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 traditionally small businesses).
Structure of the Program
The RTPark will have one Entrepreneurship 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 structed application deadline, start date, and end with a demo day.
The Entrepreneurship 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 gross revenue reaches $1 million; OR
When the company receives investment (including equity, convertible notes, government grants, and academic grants) totaling greater than $2 million, post beginning the RTPark Entrepreneurship ProgramApplication Process
Applications will be open soon. For more information, contact Eric Sonnier, Director of Global Business Attraction and Entrepreneurship.
INTERESTED OUR ENTREPRENEURSHIP PROGRAM? KEEP IN TOUCH!
Interested our Entrepreneurship Program? Keep in touch!
Virgin Islands Talent Bank
The RTPark is proud to feature our VI Talent Bank: an ex-patriot 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.