Forty-three founders took the stage at the November 7 Demo Day that closed the fifth cohort of Fase1 Intensive, a 12-week incubator run by the Puerto Rico Science, Technology and Research Trust that has now backed 232 Puerto Rican startups since 2021.^[1][2][3][4] Each had four minutes to pitch proposals across seven sectors - manufacturing, information technology, tourism, education, health care and agriculture among them - for a $11,500 prize pool.^[5][6][7] Participants came from 46 of Puerto Rico's 78 municipalities, more than double the 19 the fourth cohort drew, and the group skews majority-female and majority-low-income - 57 percent women, and 53 percent meeting the U.S. Department of Housing and Urban Development's low- and moderate-income definition.^{[8][9][10][11]} The prize money came $10,000 from the Trust and $1,500 from an anonymous donor, with Stratum's $2,000 Innovation Award the headline prize.^[12][13][14]