Accepted teams receive a seed of US$ 30,000 for 15% equity in the startup.
This funding is intended as operating capital during the 5 month program to take the startups to their next major milestone.
Teams are exposed to our network of mentors composed of veteran founders, industry analysts, tech business executives, angels, and venture capitalists, both from the Philippines, and from other regions around the world.
These mentors provide general and one-on-one advice to the teams that help refine your product and provide valuable insight on direction and viability.
Throughout the program, mentors help refine your pitch. Each team is given multiple opportunities to pitch to a panel of VCs for early critiques and maybe even additional interim funding.
We count on our various mixer activities for teams to connect with VCs, rockstars in the industry, and strategic partners that add value to the startups’ own services and products.
The program culminates in a final pitching day in front of a large panel of VCs, angels, and peers. This is the big show.
Startup teams have access to various resources from partners and sponsors including Amazon AWS, Globe Telecom, Zendesk, and Google.