The Philippines leading startup incubator, IdeaSpace Foundation, Inc. (IdeaSpace) announced the winners of their startup competition featuring some of the brightest minds in Philippine technology industry. The chosen ten tech startups will get funding from IdeaSpace.
Winners of IdeaSpace Ten Tech Startups (Photo: IdeaSpaceFoundation.Org)
IdeaSpace selected the 10 startups in its yearly competition for early-stage funding worth at least P1 million each consisting of seed investment, training and services. The IdeaSpace incubator is funded by one of the country’s leading business conglomerates headed by PLDT Chairman Manny V. Pangilinan.
Here’s the Complete List of Winners of the IdeaSpace Ten Tech Startups:
- BluLemons (Dasmarinas, Cavite)
- FlipTrip.ph (Taguig)
- MyChild (Quezon City)
- Nyfti (Manila)
- R-TAP (Quezon City)
- SALt (Lipa City)
- Tactiles (Laguna)
- Tambio (Manila/ Quezon City)
- SmartFleet (Makati/ Caloocan/ Paranaque)
- WattSmart (Pasig/ Quezon City)
The winners of the second IdeaSpace competition will be provided with office space in Makati City, they will also provide housing for those who are non-Manila residents. This is the second time that IdeaSpace will be awarding innovative tech startups under its incubation and accelerator program.
The winning startups of IdeaSpace will be link to companies supporting the foundation. Those startups who will successfully complete the acceleration program based on business metrics will be further eligible to avail additional follow through funding worth up to P5 million.
According to IdeaSpace, the foundation is supported by some of the country’s top brands and with half a billion pesos in funding over 5 years, to support the Philippines growing interest in startups.