The Office of Science and Technology (OST) is a Puerto Rico Economic Development Corporation (PRIDCO) division that was created to assist in the development and growth of high technology industries in Puerto Rico. It is comprised of a staff of committed individuals, all with backgrounds in the areas of science and technology (engineering, physical sciences, biology, and computers).

In order to improve competitiveness, Puerto Rico's industrial sector requires the continuous incorporation of technological advances which are a product of a vigorous research and development area.

Back to Top of Page

Mission and Vision

Mission

Administer PRIDCO's Science and Technology Program in a strategic manner for the benefit of a vigorous, knowledge-based economy in Puerto Rico.

Vision

Through collaboration of entrepeneurs and academia, create new, world-class enterprises based on novel competitive technologies, in an environment which is both flexible and prosperous making a significant contribution to the local economy and quality of life.

Back to Top of Page

Function

A principal goal of OST is to stimulate Puerto Rico's economy via industrial cluster development and the creation of high tech start-ups.

OST provides R&D related loans/incentives to:
High tech firms/entrepreneurs that invest in R&D that leads to the creation of:

Organizations/institutions that strengthen Puerto Rico's S&T infrastructure and harness science and technology for economic development.

Back to Top of Page

Impact

Since 1994, Puerto Rico's Science and Technology Program has awarded financial incentives totaling $150 million to more than 90 firms and organizations to support research, development, and commercialization of new products of industrial benefit to Puerto Rico.

New Products or Processes Developed or in the process of
Development with OSTfunding include:

New support services provided by OST funded organizations to high tech firms include:

For more information, please write to ost@pridco.com.