Silicon Valley group in PH to kick off 2012 edition of start-up tilt

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Board members of the Science and Technology Advisory Council, Silicon Valley (STAC-Silicon Valley) are slated to formally kick off ON3, an IT start-up tech search and business plan competition conducted in various locations across Luzon, the Visayas and Mindanao. STAC-Silicon Valley describes itself as a ?non-profit organization that serves as a policy and project implementation advisor to the Philippine government in the areas of science and technology?. The prototype ON3 competition was launched at the 2010 e-Services Philippines, serving as the first competition of its kind in the country. The team?s journey began on April 10 in Cebu, host of the Visayas regional this year, where board members also met with founders and members of TechTalks Cebu who helped organize the event in the region. ?We are excited once again conduct our ongoing search for emerging tech companies in the Philippines. The initial launch of ON3 in 2011 enjoyed a healthy start as we engaged dialogue with the tech start up community, academe and the private sector. We believe our efforts were further augmented with new partnerships and several announcements of new angel funds in 2012,? said Christina Laskowski, president of STAC?Silicon Valley. ?One significant challenge of the start-up community is lack of funding for very early stage companies. Therefore, we were extremely pleased to hear that three significant mobile market players came forward this year to help address this need,? Laskowski said, referring to Novare Technologies and Smart Communications which thrown their support as lead sponsors of the event. Myla Villanueva, CEO of Novare Technologies, cited the high quality of the presentations and ideas from the companies that participated last year. ?We continue to believe that through the ON3 platform, Philippine-based tech companies will emerge and begin to receive international recognition for their talent in meaningful areas of technology,? she said. Incidentally, Villanueva recently announced the availability of P111 million from her own company to fund local start-ups. The Regional ON3 competition, meanwhile, started in the Visayas on Tuesday, April 10, at UP Cebu in Lahug City. This is will be followed by Mindanao at Martha?s Place, Brokenshire College in Madapo, Davao City on Friday, April 13. The Luzon regionals will be conducted into two locations ? north and south. The Northern Luzon regional begins on Monday, April 16, at the Philippine College of Science and Technology in Nalsian, Calasiao, Pangasinan while the Southern Luzon and NCR regionals occur on Thursday, April 19 at the Meridien Internation College at Fort Bonifacio, Taguig City. Judges from Silicon Valley will hear senior management and founders of various companies pitch their business for three minutes. The companies will be judged on specific criteria and companies receiving the highest scores will quality to participate in the finals to be held in July 2012. Winners from the finals will be considered for the grand prize of a three-month Silicon Valley immersion package sponsored by Plug and Play (PnP) Tech Center in Sunnyvale, California. Jojo Flores, Filipino co-founder and VP for operations at Plug and Play Tech Center who also serves as vice president of STAC-SV, secured the grand prize sponsorship for a three-month full suite of services and executive advisement at Plug and Play?s headquarters in Sunnyvale. ]]>

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