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.
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.
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.
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.
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.
A smart scheduling system for battery-swapping powered by IOT that enables two e-trikes to share with three battery packs instead of four.
An e-learning content developer and provider that enables blended-learning classes to boost competency.
Builds educational apps that promote early literacy and love for Filipino culture.
A LoRa-based transponder device similar to ADS-B and AIS but is intended mainly for general aviation aircrafts, fishing vessels, and small boats.
A wearable tech that aids in locating wearers by sending periodic text messages to an assigned cellular number. Ideal for tracking down loved ones.
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.
A system that generates electricity from the water consumption of buildings.
HEAT STRESS ANALYZER
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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