In July 2018, The 6 New Startups on the 6th Year of IdeaSpace was Announced
The previous year played host to the 6th cohort of the startups of the IdeaSpace Startup Competition. The 2018 batch includes a business solution that helps local MSMEs sell on Amazon and other global marketplaces called ECFulfill, a business solution to help organizations measure outputs and outcomes for CSR programs called Impactville, a professional platform bridging brands to the creative Filipino called CreatorsPub, a software for routers that makes accessing and controlling wifi easier called Wizher, an online resume-builder that helps students and fresh graduates acquire relevant work experience while still in school through an internships called Zestaly, and a platform where international buyers are connected to local sellers called 1Export.
This is a momentous year for IdeaSpace as instead of the usual 10, the organization elected to narrow its criteria and selected the top six of the twelve finalists. The remaining six were given 100 thousand Pesos as a seed fund to help them build their startups despite not getting into the acceleration program. These startups bring forth a new generation of innovators and entrepreneurs that revolutionize the Philippine economy through technology and creative thinking.
In August 2018, Innovation Mornings was Launched
This initiative was born out of one catch-up session between the executives of IdeaSpace, MIESCOR, and MWIC, realizing that they don't know any of their counterparts within the MVP Group. Hence, this activity where having monthly meetups to get together, learn together, catch up, find ways to collaborate, and have fun in the process was born. The event is usually attended by officers of different ranks from companies across the group.
To date, there has been 6 Innovation Mornings featuring different speakers including John Echauz who talked about Harvard's Dr. Ricardo Hausmann's theory of economic complexity, Melissa Limcauco featuring behavior-based social analytics, and David Guerrero who spoke about Fake News, to name a few.
The Very First IdeaSpace Donors Night
The program showcased the effect of the support by the donors to the startup beneficiaries (represented by Elaine De Velez of FrontLearners - IdeaSpace Batch 3) as well as the different advocacies in innovation (talk given by DOST undersecretary Rowena Christina Guevara) and digital transformation (talk given by Mr. Dindo Marzan of Voyager Innovations).
We've launched the IdeaSpace Impact Report
You can find a PDF copy of the book here.
On November 2018, an IdeaSpace Pivot was Announced
During the acceleration period, teams selected will receive P100K pesos equity-free operations funding + in-kind support worth more than P500K which includes mentoring, use of office space, and housing allowance for non-Metro Manila teams, to name a few.
This pivot is well-received by the IdeaSpace Startup Competition's target audience with a total of 750 created applications. It hit a record high conversion of having 341 submitted applications.