50H: Entrepreneurial Laboratory adresses microenterprises in an early stage needs of seed capital to test new ideas and the support to re-focus their product/services to the market. With the intervention of the program and what its offer (seed capital, training, mentorship and connections) we hope that entrepreneurs have the right skills and mindset to better focus their current or future venture.
The program is designed to connect local microenterprises with mentors and local entrepreneurial ecosystem. This connection helps us develop capacities in the entrepreneurs to better develop their venture or new venture.
Ministry of Industry, Commerce & MSMEs - Lead coordinator.
Local Chambers of Commerce and Production
Local Government Agencies
General public over 18 years old with:
A startup or microenterprise with less than 3 years of operations.
There is no specific timeline defined for the program. Any local organizations can start the process of bringing the program to their territory by asking to the Ministry to execute it for their entrepreneurs, this organization becomes the lead coordinator of the program and must obtain the support of the other organization in the territory.
Base line evaluation of the entrepreneurs at the start and the end of the program.
The main challenge is to be able to align the agenda and create a network of private and public organizations that works towards building a local entrepreneurial ecosystem. The advantage of this program is the execution of it, being held only during a weekend.
Ministry of Industry, Commerce & MSMEs.
- Jose M. Checo, Entrepreneurship Director
- Rubi R. Breton, Head of Innovative Businesses
- Alan Fernandez, Head of Entrepreneurial Mindset Development
- Patricia Acosta, Head of Entrepreneurial Ecosystem