I believe each and everyone of us has probably thought of a few great entrepreneurial ideas only to let it pass because of lack of motivation due to the absence of enough resources, funding or support. We may be missing a lot on opportunities to become the next big entrepreneur if we continue to let go of our ideas.
Here's the big break we are all waiting for. We have great news from the largest privately-backed technology incubator in the country. IdeaSpace Foundation, Inc., a 500-million peso funded organization with over 5 years of support from many top and leading companies, is once again looking for the next big and bright tech idea on the 3rd run of its startup competition. Here is our chance to turn our ideas into realities with the help of a significant startup fund and support that you may receive from the 3rd IdeaSpace Startup Competition.
The top 10 selected startups get early-stage funding worth at least P1M consisting of seed investment, training and services: P500,000.00 investment, including an acceleration program that provides office space, housing for non-metro manila residents, mentorship on financial modeling and costing, marketing, design thinking, and legal advice. The founders go through an Entrepreneurship Development Program at the Asian Institute of Management. IdeaSpace also provides incorporation and intellectual property protection support to these startups, as well as an optional offer to invest up to P5,000,000.00 in follow-on funding on a convertible note.
Applications are accepted until January 15, 2015 so better check out IdeaSpace Foundation, Inc.to learn more on how you could become the next big technopreneur!
If you're really keen on making that idea a reality, come join the Ideaspace Bootcamp happening onNovember 29 and 30 at the Microsoft Philippines office at the 8/F of 6750 Ayala office tower in Makati City. The bootcamp is hosted by the 2013 winner PortfolioMNL.
Limited slots left. RSVP details here:
The companies supporting Ideaspace includes First Pacific, First Pacific Leadership Academy, Metro Pacific Investments Corporation, Metro Pacific Tollways Corporation, MPIC Hospital Group, PLDT, Meralco, Smart Communications, Inc., Digitel Mobile Philippines, Sun Cellular, SPI Global, ePLDT, Indofood, Philex Mining, Maynilad, MediaQuest and TV5.
You should know that Ideaspace has invested in 28 companies in the past two years, focusing on innovations that address emerging market needs. Now running the 3rd IdeaSpace Startup Competition which is done annually, the foundation is on the lookout for the next top 10 ideas to incubate, accelerate and invest in.
The IdeaSpace Startup Competition has since gathered over 1,000 ideas from all over the country, and has even gotten submissions from different countries around the world. With a selection rate of less than 2%, the competition levels the playing field in supporting the most promising startup ideas rooted in science and technology, regardless of the demographic or geographic background of the applicants.
The IdeaSpace portfolio of startup companies represent a wide variety of science and technology solutions addressed for emerging markets. With the move to start local and scale global, this is how The Foundation operationalizes its support for the advocacy of technology development, innovation and entrepreneurship.
Anyone with a bright tech idea who wants to turn it into reality can take the next step and send their competition submissions to apply.ideaspacefoundation.org.