Top 7 Startup Accelerators & Incubators in Dominican Republic
- Sotirios Seridis
- Mar 16
- 3 min read
The Dominican Republic's startup scene is experiencing a remarkable surge, positioning itself as a burgeoning hub for innovation and entrepreneurship in the Caribbean. Dominican Republic has climbed to the 104th position globally in startup ecosystem rankings, marking an impressive 11-spot jump from the previous year. For those considering involvement in a startup incubator or accelerator, the Dominican Republic offers a fertile ground ripe with opportunity. This article contains a comprehensive list of startup incubators and accelerators in Dominican Republic. They have been subdivided into applicability for startups in their 'ideation', 'launch', or 'growth' stages, so you can find a program that is suitable for you!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN DOMINICAN REPUBLIC
Ideation Stage Startup Incubators in Dominican Republic
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder
Need to have an idea: Yes
Focus: Sector Agnostic
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: No
Focus: Sector Agnostic
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Launch Stage Startup Incubators and Accelerators in Dominican Republic
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Growth Stage Startup Accelerators in Dominican Republic
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Smart Production / Clean Tech
Closing Thoughts on Startup Incubators and Accelerators in Dominican Republic
The landscape of accelerators and incubators in the country is playing a pivotal role in nurturing the next generation of Dominican startups. Programs like Boost Acceleration Camp and Onclick Ventures are at the forefront, offering not just funding but also crucial mentorship and resources to early-stage startup. These initiatives are fostering innovation across various sectors, with a particular emphasis on software and data, e-commerce, and edtech – industries where Dominican startups are making significant strides. The future of the Dominican startup ecosystem looks promising, with an increasing number of programs, investors, and entrepreneurs contributing to its growth.
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Frequently Asked Questions on Startup Incubators and Accelerators in Dominican Republic
What is the startup ecosystem like in Dominican Republic?
The Dominican Republic's startup ecosystem is growing rapidly with around 890 startups and 49 funded companies that have raised $335 million. As the largest economy in the Caribbean region, it offers significant opportunities despite challenges like limited education, capital access, and mentorship. Growth is expected to accelerate as private and public sectors create more entrepreneurial support initiatives.
Are there any costs associated with joining startup accelerator and incubator programs?
Most startup accelerators and incubators in the Dominican Republic don't charge direct fees. Instead, they typically take 3-10% equity in exchange for their investment, support, and resources.
What is the typical duration of startup accelerator and incubator programs?
Program durations vary. For example, Boost Acceleration Camp offers a 5-month acceleration program with one-on-one support tailored to each startup's needs.
What support do accelerators offer for international expansion?
Dominican accelerators offer comprehensive international expansion support. Programs like the EU-LAC Digital Accelerator provide expert support in digitalization and open innovation, connecting local companies with European and Latin American innovation ecosystems. Services include customized acceleration roadmaps, proof of concept implementation, and business model validation worth up to €40,000 in-kind.
Are there specific accelerator programs for international startups entering the Dominican market?
Yes, some accelerators like Boost Acceleration Camp offer a "soft landing" framework for international startups interested in entering the Dominican Republic market, which serves as a strategic gateway to the broader Caribbean market.
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