Showcasing six startups, the event provided a platform for techpreneurs to pitch their ventures and showcase their journey towards reaching their growth targets and milestones to investors, partners, and key ecosystem stakeholders.
Jay Fajardo, who has founded several tech startups over the years, will be taking on the role of outgoing IdeaSpace and QBO Innovation Hub executive director Katrina Rausa Chan.
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.
