10 startups win IdeaSpace 2015 competition

 

Philippine-based technology incubator IdeaSpace Foundation (IdeaSpace) announced 10 startups that will be part of its 2015 incubation and acceleration program.

IdeaSpace 2015 winners

Record-breaking number of 2015 applicants

This year’s IdeaSpace competition raked in 1,028 applications from every region in the country and from 15 countries around the world. Of these, 20 made it into the semifinals out of which the top 10 were revealed during the awarding ceremony at the Meralco Lighthouse in Ortigas Avenue, Pasig City last June 5, 2015.

Earl Valencia, IdeaSpace Foundation

IdeaSpace Foundation co-founder Earl Valencia.

Seed funding, growth grants, training, etc.

Each of the ten startups for 2015 will receive P500,00.00 in seed funding, plus a separate grant worth at least another P500,00.00 inclusive of business management classes, marketing and financial consulting, intellectual property consulting and incorporation, office space, and business registration costs, among others.

The winners and their projects

Of the 2015 IdeaSpace semifinalist startups, most are hardware-based and the rest are soft-ware based, but together they address pressing needs in the fields of tourism, finance, e-commerce, education, media, enterprise, and mobile technology, among others. Here are the winning startups.

FLEXSTRAP

IdeaSpace 2015, Flexstrap

A flexible stainless steel strap that enables water utility companies to connect their customers’ piping system to the main water supply at faster service levels, lowered inventory costs, and maximized storage space.

VINTEO

IdeaSpace 2015, Vinteo

A one-stop-shop customer analytics solution for the brick and mortar store that provides on-demand statistics and analytical tools for business growth and optimization purposes.

JUSTGO

Justgo, IdeaSpace 2015

A smart scheduling system for battery-swapping powered by IOT that enables two e-trikes to share with three battery packs instead of four.

FRONTLEARNERS

Frontlearners, IdeaSpace 2015

An e-learning content developer and provider that enables blended-learning classes to boost competency.

HALINA’T MAGBASA

Halina't Bumasa, IdeaSpace 2015

Builds educational apps that promote early literacy and love for Filipino culture.

FAME

Fame, IdeaSpace 2015

A LoRa-based transponder device similar to ADS-B and AIS but is intended mainly for general aviation aircrafts, fishing vessels, and small boats.

SAFFRON TECH

Saffron Tech, IdeaSpace 2015

A wearable tech that aids in locating wearers by sending periodic text messages to an assigned cellular number. Ideal for tracking down loved ones.

ZINERGI

Zinergi, IdeaSpace 2015

An online application that enables partnerships between Brands and Events. Zinergi helps brands maximize ROI from sponsorship spending and event organizers in finding brands that perfectly fit their event execution goals.

STREAM ENERGY

Stream Energy, IdeaSpace 2015

A system that generates electricity from the water consumption of buildings.

HEAT STRESS ANALYZER

Heat Stress Analyzer, IdeaSpace 2015

An electronic device that protects crops against irreversible effects of heat stress and provides data analysis for an improved next harvest.

The IdeaSpace momentum continues

To date, IdeaSpace has invested in 19 local startups through its annual competition, as well as nine startups outside the program, as part of is P500 million five-year commitment toward growing the local startup ecosystem. Of the previous IdeaSpace startups, seven have received follow-on funding from IdeaSpace and other investors.

A non-profit foundation, IdeaSpace is supported by the following companies: First Pacific, First Pacific Leadership Academy, Metro Pacific Investment Corporation (MPIC), Metro Pacific Tollways Corporation (MPTC), MPIC hospital group, Philippine Long Distance Telephone Company (PLDT), Meralco, Smart Communications, Inc (Smart), Digitel Mobile Philippines, Inc. (DMPI) and its mobile brand Sun Cellular, SPI Global, ePLDT, Indofood, Philex Mining, Maynilad, MediaQuest, and TV5.

 

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Author

Irwin Allen Rivera loves his wife's cooking so much he's now twice the man he used to be. His English essay won a Don Carlos Palanca Memorial Award for Literature in 2012. His philosophical-horror story appeared in Philippine Speculative Fiction 8 (2013). He was managing editor and lead writer of Sites and Symbols 2 (2005), a coffee-table book about buildings in UP Diliman - his alma mater (BA Philosophy; MA Creative Writing continuing). He worked at the UP Diliman Information Office before shifting to web content writing. His sudden fiction, "Notwithstanding Pigs," initially a Friendster testimonial, appeared in Philippines Graphic (2006) and in Very Short Stories for Harried Readers (2007). He used to write for www.technoodling.net.