The National Development Company has allocated P250 million ($5 million) venture fund for innovative Philippine startups in the Seed to Series B stage.
The Gobi-Core Philippine Startup Ecosystem Report 2021 said with the growing number of investments in the local market, the Philippine startup ecosystem has begun changing for the better.
In an unexpected turn of events, Team AIRIN from Nueva Vizcaya State University (NVSU) and Project Angat from University of Mindanao (UM) both came out victorious in the recently concluded Innovation Olympics 2.0 (IO 2.0) grand finals.
This year, the competition will be open for submission of entries that cover software and Internet-based innovations and will cater to all startups in the ideation to minimum viable product stage.
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.
NextPay is a platform that provides underserved customers democratized access to financial services such as digital invoicing, cash management, and batch payments to any bank or e-wallet in the Philippines.
The three tech startups bested seven other shortlisted finalists from 200 applications to Shell LiveWIRE, the oil company’s global flagship enterprise development program.
An app developed by Filipino software startup Teemly Labs may change the landscape of appointment scheduling as the world continues to grapple with work-from-home arrangements and remote working teams brought about by the pandemic.
