Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Puerto Rico's first crowd-funding site takes off
Published on March 15, 2013 Email To Friend    Print Version

SAN JUAN, Puerto Rico -- A group of local entrepreneurs, motivated by the desire to solve their own project financing challenges, have launched, Puerto Rico's first crowd-funding platform.

"We want to redesign society with Antrocket by promoting collaboration, accountability and transparency. We figure that, if we act more like ants do -- ants are social, cooperative and hardworking -- we'll all be better off, since more creative projects will have a greater chance at success," said Javier Torres, co-founder of is a rewards-based crowd-funding site that acts as a funnel for inventions that need capital but have not found it in the traditional financial system. It provides creators an alternative source of cash to fund projects through a network of supporters. Projects that reach their funding goals on or before a pre-determined time period receive the funding they need, and Antrocket collects a five percent fee.

"As an entrepreneur, I've faced the frustration of not finding financing for my projects. With, I'm turning frustration into action because, by creating a collective solution to help others achieve their goals, I will push my own projects forward. That is the philosophy that drives our team," said Guifre Tort, site co-founder and co-creator of 3-Boo, one of the projects featured in

The crowd-funding model also gives creators access to a place where they can market and test their ideas for free. By accessing the crowd that is already gathered across social media and the Internet, creators can reach mass audiences, create a customer base and mitigate risk by distributing it among a large number of backers. Pioneered by such sites as Kickstarter and Indiegogo, the model circumvents the risk aversion and profit focus of traditional funding systems in order to give a greater range of ideas a chance.

Among the projects currently campaigning on for funding are The Platano Kit, a high-design Puerto Rican souvenir; 3Boo vegigante dolls, a series of three dolls inspired by local traditions; Thunder, a documentary about 13-time world Muay Thai champion David Cummings; Defend the Fawkin Station, a touch-based, sci-fi shooting game for mobile devices and tablets, and Judo athlete Adrian Gandia's bid to become an Olympic gold medalist.
Reads: 3488

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: