On August 3, 2022, the Department of Economic Development and Commerce (“DEDC”) was approved CSFRF funds for the purpose of funding the Molecular Sciences and Research Center’s (MSRC) performance. The MSRC is an advanced research facility of the University of Puerto Rico that conducts biomedical research with the objective to provide innovative solutions and new technologies that would bring economic and social prosperity to Puerto Rico. The program includes three strategic projects 1) Viviarium Development, 2) Research Recruiting and Attraction Program, and the Gene and Cell Therapy Operation.
Restrictions:Disbursement of Program funds will be subject to the strictest standards to ensure compliance with federal regulations and best practices. Therefore, each request for disbursement will be duly documented and subject to control and audit.
These funds will only be available to cover necessary expenditures as stated in Program Guidelines and that have not been covered or reimbursed, or that will not be covered in the future, by other state, federal or private programs that the entities may have. Likewise, the beneficiary entities must sign an agreement as part of the program in which they agree to return the money if it is determined in the future that they did not comply with any of the eligibility requirements. Beneficiaries must spend the money on or before December 31, 2024.
- Click HERE to download the Program Guidelines