The selection marked the 11th iteration of the IdeaSpace Accelerator Program, whose main goal is to facilitate the swift expansion of promising technology-rooted startups.
The chosen startups will undergo a rigorous four-month program consisting of access to mentorship, workshops, and legal services, among others, and will receive P100,000 cash grant.
The agility and ability of the government to provide interventions and policies are crucial for technology startup companies in the country to thrive amid the pandemic, according to QBO Innovation Hub and Ideaspace executive director Katrina Chan.
Local start-up accelerator IdeaSpace announced on Wednesday, Jan. 27, the three top performing startups from its 2020 accelerator program, its first accelerator held completely online.
The report noted, however, that startups are well-positioned to create innovative and tech-driven solutions to respond to the crisis, and are leading the way for digital transformation.
The Opportunity Fund aims to invest in startups within and outside of the IdeaSpace portfolio, particularly those who may be looking for funding to help make key business and strategic decisions.
A new survey has found that while capital requirements remain the top concern of local startup founders, the main challenge has shifted from funding to sustaining a viable business model.
Local start-up accelerator IdeaSpace has announced its investment in the top three teams for this year’s start-up competition, after a rigorous four-month acceleration program where 20 start-ups worked with mentors to refine their business and financial model, product, operations, and communications.
With the confidence borne from faith in their hard work, the seventh batch of technopreneurs nurtured by local incubator IdeaSpace presented their start-ups in at IdeaSpace Demo Day held on Tuesday, October 22, in Makati City.
