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.
All of the 17 teams will receive equity-free funding for the development of their platforms, as well as trainings, mentorship, legal services, and an office space in Makati City as part of non-cash support that amounts to P600,000.
Powered by artificial intelligence, IoT, and mobile technology, tech startup Valea Health provides daily health advice and reminders to users via SMS and Facebook Messenger.
The competition will also select the top three startups from the crop of 20 teams taking part in the program and reward them with P1 million equity funding each.
Smart Communications and IdeaSpace Foundation are encouraging developers to hack their way into Silicon Valley by joining the Philippine leg of the AngelHack Spring Global Challenge, which is said to be the world?s largest coding marathon to date.