PRIDCO FEDE Innovative PyMEs Program

PRIDCO FEDE Innovative PyMEs

Supports science and technology initiatives from Puerto Rico small and medium businesses through PRIDCO-managed financing.

Eligibility · United States · US-PR

Puerto Rico Industrial Development Company (PRIDCO) administers the Special Fund for Economic Development (FEDE) Innovative PyMEs Program, a cash grant of up to $100,000 per business targeting small and midsize enterprises in Puerto Rico that operate in science and technology sectors. The program is disbursed through PRIDCO and DDEC channels on a rolling, continuous basis with no published application deadline or competitive round schedule. Businesses may apply at any point during the year, making it one of the few open-window grant programs available to Puerto Rico-based technology companies.

Eligibility is limited to for-profit small and midsize businesses (PyMEs) based in Puerto Rico whose activities center on innovative science- or technology-based products. Qualifying activities include operating, expanding, commercializing, and internationally exporting such products. The award ceiling is $100,000 per business, sourced from PRIDCO's FEDE reserve fund, which is a dedicated special fund separate from standard DDEC tax incentives. Nonprofit organizations, universities, and individuals are not eligible. No revenue cap or precise SME size definition has been published on official PRIDCO sources, and applicants should contact PRIDCO directly to confirm current program status and documentation requirements.

Because FEDE operates without a formal RFP cycle, outreach and relationship-building with PRIDCO program officers is the primary pathway to a successful application. Applicants should document the science or technology basis of their product, describe the planned use of funds (operations, commercialization, or export expansion), and articulate the economic development impact on Puerto Rico. PRIDCO does not maintain a dedicated FEDE landing page on its public website, so engagement through PRIDCO's regional offices or the DDEC business development desk is recommended to obtain current application forms and eligibility guidance.