Industry and Entrepreneurs

In route to a new Puerto Rico

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After nine months of works, professionals from several disciplines formulated a short and medium term strategic plan, using the Alliance for the Development of Puerto Rico as a platform, an organization that was a result of the efforts of the Committee for Puerto Rico 2025 that has as a goal to adopt a vision that propels the transformation of the Island. The Strategic Plan includs recommendations in 15 socioeconomic areas including education, agricultura, environment, development, community, competitivity, infrastructure and innovation, among others. A total of 25 non-government organizations participated in the creation of the plan.

PACIV in Harvard

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Jorge Rodríguez had a global vision for his company from the beginning, but he was surprised when a professor from Harvard Business School chose PACIV as a case study for his International Entrepreneurship class. PACIV offers pharmaceutical companies with process automation, controls, instrumentation and computer system validation services.

Universities appeal enterprises

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SIFE (Student In Free Enterprise) organizes students from several universities with the purpose of creating communitary programs that contribute to improve the economy of the place. The projects should help capacitate citizens in one of several of the following areas: market economy, success skills, entrepreneurial development, financial training and business ethics.

Professors learn about entrepreneurship

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Entrepreneurship is a key tool for countries to impulse their economy, and aware of this, Puerto Rico had the “Symposium for Entrepreneurship Educators” (SEE), directed by professor Jeffry Timmons, considered a world expert in the development of entrepreneurial curriculae. Around 50 professors from seven private universities and the University of Puerto Rico assisted this past week to the three-day symposium organized by Guayacan Group.

The Puerto Rican Silicon Valley

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While Puerto Rico is suffering the dismissal of hundreds of pharmaceutical companies employees, and there is anxiety about education, health and security, the eight municipalities that form the Centre-Oriental Technological Initiative (Inteco, in Spanish) re-assured yesterday that the union of wills and the adoption of an integral vision with a regional focus is the recipe that will take the Island out of uncertainty. Inteco is designed after the successful consortiums of Silicon Valley, North Carolina and Austin, Texas, among others.

Optimism in spite of closures

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A lot has been said about the closure of some pharmaceutical companies in the last few months, however there is little awareness that this is the result of the changes in the industry World-wide, said some of the leaders in the field. Some entrepreneurs in the industry are confident and sustain that we are going through a transition from the traditional manufacture economy towards a knowledge-based economy.

A milestone for Puerto Rico

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Puerto Rico was ranked as the world’s 36th most competitive economy of the world, and the second in Latin America, according to the Global Competitiveness Report revealed by the World Economic Forum (WEF). Although Puerto Rico is amongst the advanced economies, which WEF qualifies as a level 3 economy, we still have third-world country issues. Some of these include poor government regulations; high squandering levels; a poor extension of the tax system and low quality of the sciences and mathematics education, as compared with other level 3 economy countries. Puerto Rico occupies the 130th position due to bureaucracy, government relationships and government spending, health and primary education issues.

Ecology Inc.

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Puerto Rico has started living the first steps towards creating its own industry for the main biofuel in the world: ethanol. Ethanol is an alcohol that can be produced through the fermentation of the juices of certain crops, like sugar cane, corn, and wheat, and can be used as fuel for cars in its pure form or -more commonly, in a 10% to 30% mix with gasoline- gasohol, to reduce the consumption of petroleum-derived fuels, and generate a mix that is more eco-friendly.

System that could end the controversy

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Javier Vélez Arocho, secretary of the Department of Natural and Environmental Resources, proponed the used of the “turbo sail” technology as an alternative to end the controversy between the government, industry and community and environmental groups that oppose the eolic park to be located in Punta Verraco in Guayanilla.

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