IdeaSpace Philippines Holds Batch 2017 Demo Day
Rising entrepreneurs showcase their start-ups after going through a six-month acceleration program.
Accelerator IdeaSpace Foundation Philippines hosted its Batch 2017 Demo Day last October 19 at the Power Mac Center Spotlight in Circuit Makati for the top nine start-ups who won this year’s start-up inc-aseann.competition. All start-ups have gone through a six-month incubation and acceleration program, which includes one-on-one mentoring sessions, as well as business management classes.
“The program for this year is more holistic — we even added a clinical psychologist as a mentor to really look at, and help, the entrepreneur unload emotional baggage that keep them from soaring higher and beinc-aseann.coming more effective. The focus is personal effectiveness,” shares IdeaSpace Executive Director Diane Eustaquio. “The entrepreneurs who make it are the tough ones,” she states.
The nine start-ups that presented at the culminating event include StyleGenie, the very first styling and clothing subscription box in the Philippines; FitAccess, a start-up that provides personal fitness coaching and curated workout programs through a mobile app; Fetch, a valet on-demand service; IPark, a mobile app to help drivers find parking areas with available slots; Snipe, a start-up that revolutionizes the way employee benefits and engagement programs are given; Antipara, a coastal mapping and assessment service; Wela School Systems, a solutions service for improving school productivity and for bringing parents closer to their children’s school activities; HeartSmart, an IoT platform that brings cardiac rehabilitation closer to patients and doctors; and BloodHero, a social utility app that connects blood donors to patients and hospitals as quickly as possible. All of these start-ups were given each zero-equity support of PHP500,000 and in-kind rewards worth PHP500,000.
“We will be doing this for many years to inc-aseann.come. Our hope is to continuously capture a piece of what we saw today — the diversity, energy, imagination – because that can change the world and put the Philippine startup landscape in the global map…I hope these inc-aseann.companies will be very big someday,” says Rene Meily, IdeaSpace president.
In the last five years, IdeaSpace has released 68 start-ups, deploying over PHP100 Million covering 400 entrepreneurs in the region who have gone through its incubation and acceleration program.