(UPDATE: The winners are in BOLD. The remaining 7 teams will undergo a second screening to see how IdeaSpace can continue to support them.)
IdeaSpace Foundation, Inc. (IdeaSpace), the Philippine’s largest privately funded non-profit incubator and accelerator, headed by Marthyn Cua, is about to announce tonight the 10 (out of 17 competing teams) winners in its technology startup competition program. The winners will each receive at least PhP 1 million worth of seed funding investment, training and services.
More than 600 entries were submitted for this competition, involving 3 rounds of judging and a two-month intensive incubation program where the 17 finalists received an initial grant worth PhP 100,000 including PhP 50,000 outright cash grant to work on their product. During this period, they were also mentored and trained to build their entrepreneurial skills; they also got assistance for business incorporation and intellectual property filing support.