Its goal is to support companies towards scaling into new markets by providing resources for sustainable expansion.
Xpand is a growth stage program developed by parallel18 and subsidized by Banco Popular.
Key offerings
All-year round support that promotes strategic growth for Puerto Rican based companies.
Bootcamp format
One day sessions focused on strategy, operations, and finance.
Bootcamp format
One day sessions focused on strategy, operations, and finance.
Investment Readiness
Assessment and support in your capital raise needs, through parallel18 Ventures subprogram team.
Investment Readiness
Assessment and support in your capital raise needs, through parallel18 Ventures subprogram team.
Technical assistance
We connect participants with key resources as needed– ranging from Public Relations, Investment, Marketing, Business Development, etc.
Technical assistance
We connect participants with key resources as needed– ranging from Public Relations, Investment, Marketing, Business Development, etc.
Roundtable Meetings
Participants can bring learnings, milestones, challenges, and opportunities to the table and discuss them with other founders. This conversation will be guided by one of our mentors.
Roundtable Meetings
Participants can bring learnings, milestones, challenges, and opportunities to the table and discuss them with other founders. This conversation will be guided by one of our mentors.
Basic requirements
Growth-stage companies join a powerful community that connects them with the right partners, resources, and opportunities to accelerate their growth.
Growth-stage companies
3+ years of operations.
Sustainable revenue
$250,000+ in annual sales.
Committed founders
Minimum of two people dedicated exclusively to its operations with proven impact or seeking to expand their business in Puerto Rico.
Entrepreneurial spirit
Former parallel18 alumni or participated in an accelerator program.
Documents & Downloads
All the official info and resources, right at your fingertips.
Frequently Asked Questions
Do I have to pay to participate in the program?
No, participating in Xpand is completely free for all selected participants. Our goal is to provide support and resources at no cost to foster business growth.
Is the program a competition?
No, Xpand is not a competition. Instead of competing among participants, our approach focuses on collaboration and supporting each company to reach its full potential. All participants benefit from a shared learning environment and resources tailored to their specific needs.
Can I participate in Xpand and another parallel18 program at the same time?
No, our programs are designed to serve companies at different stages of development. An early-stage company cannot simultaneously be in an advanced growth stage program. Each program is tailored to the specific needs of different business stages.
What is the expected time commitment from companies? How is commitment to the program and business progress measured?
The program begins with a one-day bootcamp focused on strategy, operations, and finance. The time commitment for the bootcamp is one full day, and for the remainder of the year, engagement may range from one to two hours on a biweekly or monthly basis. This level of involvement depends on the company’s commitment to the community and how many resources they choose to leverage for the benefit of their business. It’s important to note that these hours are announced in advance to ensure maximum participation. Afterward, we offer a period of technical assistance.
Questions?
Get in touch!
Looking to connect with our team or learn more about what we do? Complete our contact form and a member of the parallel18 team will get back to you soon.
