Industry and Entrepreneurs

Push for ecological innovation

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The Metropolitan University (UMET) of the Ana G. Méndez System made a call for an open competition, Eco-enterprise- for everyone interested in establishing environmental companies in Puerto Rico. Environmental companies are those that are environmentally friendly or that help solve an environmental problem like pollution, energy conservation and solid waste management, among others. UMET is working on the construction of a website for the competition where the rules will be explained. The deadline to participate is August 30, 2007.

Giving a chance to our "brains"

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Given Puerto Rico’s brain drain, Rock Solid, an application development company wants to stop the exodus and annually it hires a group of newly graduated engineers. Each year, Rock Solid chooses an outstanding student form the engineering program of the University of Puerto Rico in Mayaguez (RUM) and giving him/her a $1500 fellowship to cover tuition for a year. At the same time they offer them the opportunity of a summer internship. Given the close relationship with RUM almost 100% of their employees are graduates form this university.

Three Pilot Plant Roles: Development, Training, and Innovation

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The Commonwealth of Puerto Rico has established the Bioprocess Training and Development Complex (BTDC) under construction in Mayagüez, Puerto Rico as part of an overall development program designed to invest in new biotechnology-oriented assets and educational programs. The three main roles of the BTDC are development, training, and innovation. The BTDC will have research and training wings. Among the facilities available are a mammalian cell culture suite, a bio-analytical development suite, a purification development suite, a microbial culture suite, a small raw material warehouse, a mechanical room for clean utilities, a biohazard waste holding room, lab write-up areas, offices for lab scientists, and a small reference library. The building will also have an amphitheater, administrative offices, a small conference room, a large conference and training room, and a wet lab training room with a 24-person capacity.

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Industrials focused on their role in economy

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With the motto “Industrial, the power is in your hands… exert it!”, the Puerto Rico Industrials Association will emphasize the strategic leadership of the private sector in the promotion of the Island’s economic development, said Edgardo Fábregas, president of the organization. “Facing the challenges of globalization, today more than ever, the industrial community has to take the bull by the horns and lead the way to prosperity”, said the Industrials leader.

Undergraduate students showcase their inventions

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Eighteen undergraduate students of the Polytechnic University of Puerto Rico (PUPR) presented their inventions with commercial potential, as well as companies they have developed during their college years in a fair held recently at the University. Among the 12 exhibitions were a portable back-pack electrical power generator, a hydroponics system that used solar power and a beach cooler/boom box that operates on solar power.

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Restoring Economic Growth in Puerto Rico Conference

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A group of Puerto Rican students from Harvard University and Massachusetts Institute of Technology (MIT) will celebrate the conference “Restoring Economic Growth in Puerto Rico: Proposing Solutions” on April 20-21, 2007. The Harvard-MIT Puerto Rican caucus hopes that the conference will be a starting point for a constructive discussion among Puerto Rican leaders, so together they can help Puerto Rico recover its economic vitality in the shortest time possible and attract talent back to the Island.

Pharmaceutical companies talk to suppliers on how to provide them better services

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During the seminar “How to do business with the pharmaceutical industry”, where many Puerto Rican entrepreneurs with small and medium businesses that supply that industry participated, it was emphasized how business has changed, due to the dramatic changes in the structure of the pharmaceutical industry. The pharmaceutical companies buy $5,000 million in products and services a year. This sector of the economy represents 26% of the national gross product and generates 30,000 direct and 96,000 indirect jobs. The pharmaceutical industry is constantly looking for companies committed to quality and excellence and the goal for supplies should be to make the pharmaceutical company more cost efficient, and provide them quality and innovation.

Innovation applicable in the Island

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In a recent trip to North Carolina, United Status, a group of trustees from the Science, Technology and Research Trust of Puerto Rico visited the Research Triangle Park and the North Carolina Biotechnology Center, with the purpose of learning about the strategies of these important research and development centers and try to apply them in Puerto Rico. Among the most important lessons learned: the need to integrate entrepreneurship courses to college curriculums in science and biotechnology; the recruitment of professors and scientists from Puerto Rico and the world; the vitality of strengthening science education in K-12 grades; to promote the creation of new biotechnology companies making venture capitalism easier; and to continue training the existing workforce in bioprocesses.

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Excellent strategy against 'trans-fats'

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The Puerto Rican Cardiology Society, the College of Surgeons, the College of Nutritionists and the American Heart Association have given a very important step towards protecting the Puerto Rican population’s health by starting a campaign to convince the Government to ban the use of hydrogenated fat or “trans-fat” from food confection. The Government has the responsibility to establish programs that alert the public about the consequences of consuming “trans-fats”, whose addition to the Puerto Rican diet about 30 years ago has had devastating consequences, demonstrated by the fact that cardiovascular diseases are the first cause of death in our country. Health must be seen as a basic right of every person, and all citizens must demand that health care is a priority on our country’s agenda.

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