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Prof. Jorge Silva-Puras
Former Secretary of Economic Development for PR and
SBA Regional Administrator (NY, NJ, PR, USVI)
Financial Oversight and Management Board
for Puerto Rico meeting of Dec. 4, 2017
CAPITAL NEEDS TO DEVELOP
AN ENTREPRENEURIAL
ECOSYSTEM IN P.R.
NEEDS OF EFFECTIVE
ENTREPRENEURIAL ECOSYSTEMS
Financial	
Capital	
Human	
Capital	
Government	
Policy
FINANCIAL CAPITAL NEEDS
Catch-22	for	PR:	
	
•  Multi-year,	multi-
deal	track	record.	
•  Team	must	show	
joint	record.
ECOSYSTEM EXAMPLES
The Israeli example
Israel	$292/per	
capita	 US	$160/per	capita
The GA Tech example
PUERTO RICO
ENTREPRENEURIAL ECOSYSTEM
RECOMMENDATIONS
Catch-22	for	PR:	
	
•  Multi-year,	multi-
deal	track	record.	
•  Team	must	show	
joint	record.
Financial Capital Recommendations
Seek	unique	treatment	of	underserved	
geographies:	
	
•  Shared	risk	
•  Leverage	local	laws	(Law	185,	et.al.)
Financial Capital Recommendations
Coordination	and	incentives	for	angel,	seed,	PE	and	VC	efforts	
in	PR	(for	profit	and	NGOs).
Human Capital Recommendations
Coherent	skill	development	pipeline:	
•  K-12	
•  Higher	Education	
•  Continuing	Education	
•  Online	education	(leverage	talent	of	diaspora)
www.sagrado.online
LinkedIn: silvapuras
Twitter: silvapuras

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