IdeaSpace announces the ten winners for its technology startup competition program

IdeaSpace Foundation (IdeaSpace) a privately funded non-profit incubator and accelerator announced tonight the ten winners for its technology startup competition program. These ten early-stage startups will move on to its acceleration program and receive at least 1 million pesos worth of seed funding investment, training and services. Manny V. Pangilinan announced that they will continue to support the rest of the seven finalists through a special track being created by IdeaSpace. He added, “What we don’t want to do is to discourage all the young kids from pursuing their dreams.”

The 10 winners are:

• R-TAP (Quezon City) – Real-time pump controller for efficient water distribution

• WattSmart (Pasig/ Quezon City) – online energy audit solution to help monitor electricity use in real time

• Tambio (Manila/ Quezon City) – All raffles in one app

• MyChild – An Online and Mobile platform for parents and schools to work together to make a child succeed

• Tactiles (Laguna) – hardware kit for basic electronics education

• SmartFleet (Makati/ Caloocan/ Paranaque) – Technology platform enabling transport fleets with operations automation, booking, and analytics solutions

• FlipTrip.ph (Taguig) – Online Philippine travel platform for itinerary customization and booking

• SALt – Sustainable alternative lighting solutions powered by water and table-salt

• Nyfti (Manila) – A 3-fold bicycle that you can take anywhere

• BlueLemons (Cavite) – A Filipino theme mobile gaming studio

The winners are from the 17 finalists who bested more than 6000 entries, three rounds of rigorous judging and a two-month incubation program where they received an initial grant worth 100,000 including 50,000 pesos outright cash grant to work on their minimum viable product. It was also during this period that they were mentored and trained to hone their entrepreneurial skills on top of getting assistance for business incorporation and intellectual filing support.  Here are the rest of the seven finalists

• CholesteLOW (Davao) – natural anti-cholesterol Rice that lowers blood cholesterol to keep the heart healthy

• iHarvest (Las Pinas) – the next generation paddy grain dryer powered by solar energy

• iTravelPH (Batangas) – A GPS-based mobile solution that provides transit routes for smart traveling and commuting

• SupplyHub (Makati/ Muntinlupa/ Quezon City) – online business-to-business platform that connects buyers with suppliers nationwide

• Taxinoy (Makati) – Taxi Booking App with Zero Data Charges

• ToGocery (Muntinlupa/ Quezon City) – an intuitive mobile solution for a quicker and simpler grocery shopping.

• Unlock & Load (Makati) – mobile advertising platform

Aside from the funding and business support, the winners will also be provided with office space in Makati City as well as housing for non-Manila residents. Startups which successfully complete the acceleration program based on business metrics will be further eligible to avail of additional follow through funding up to 5 million pesos.