STARTUP

IdeaSpace Philippines Holds Batch 2017 Demo Day

Rising entrepreneurs showcase their start-ups after going through a six-month acceleration program.

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BY Pauline Mendoza - 20 Oct 2017

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 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 becoming 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 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 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.