From an original 700 entries then trimmed down to 20 startups now IdeaSpace announced the 10 winners of their year long search for the best and promising startup in the Philippines.
Panel of judges was headed by non-other than Philippine Long Distance Telephone Co. (PLDT) Chairman Manuel V. Pangilinan and includes Google Enterprise Country Manager for Philippines and Thailand Johan Hellstam Segergren; Intellectual Property Office Director General Ricardo Blancaflor; Smart Communications Chief Wireless Advisor Orlando Vea; Jose Maria Lim the President and CEO of MPIC; and Chief Information Adviser at PLDT and Smart Lawrence Goh.
In no particular order here are the winners:
- Armtech (Angeles City) – affordable water purification machine for households
- DateCola (Davao) – natural date enriched beverages, a healthy alternative to soft drinks
- Mirand/AsianFit (Metro Manila) – low-cost and high-quality total joint implants for the Asian market
- PGRS (Metro Manila) – produces electricity via rumble strips installed on high traffic roads
- PinoyTravel (Metro Manila) – provincial bus seat reservation system using mobile technologies
- PortfolioMNL (Metro Manila) – online marketplace for creative professionals
- Prodigo (Manila) – a solution for highly targeted promotions for merchants using Big Data analytics
- Tech4Health (Metro Manila) – solution for health monitoring of chronic conditions, including diabetes
- TimeFree (Zamboanga) – SMS-based automated queuing system
- WeGen (Sorsogon) – new design of wind turbine that is more efficient than current technology
Winners will receive Php 500,000 in seed funding and each start-up will have to undergo a structured program hosted by the Leadership Academy. Aside from mentorship, each startup will have access to resources including legal assistance and advice, operational control, free office spaces in Makati and housing for those who are from outside Metro Manila. Plus upon graduation from the incubator, the funding can be increased to up to P5 million, depending on the new company’s needs.
IdeaSpace will have a 20% equity stake for each company incubated and the future revenues will go back to help fund other statups.
Last modified: April 6, 2013