How to Find Support for your Startup
Most entrepreneurs feel a sense of pride when, from the ground up through hard work and innovation, their startup finally gets the ball rolling. But there is only so much one can do for their startup without adequate funding. Fundraising is a challenge many tech entrepreneurs struggle with when starting out but there are some programs now to make it a bit easier.
Philippine government initiatives like the Department of Science and Technology DOST-PCIEERD ‘s Startup Research Grant Program are there to help entrepreneurs set things in motion. You can check out this document to see if your startup is qualified for the program. Although the call for proposals was last August 2017, DOST has stated that the program will be open again in early 2018. Program contacts are Russell Pili and Edward Paul Apigo at email firstname.lastname@example.org.
If the DOST program is not a match for your startup needs, then check out these incubator / accelerator / mentorship programs from organizations in the Philippines:
Is a non-profit organization dedicated to supporting innovation, technology development, and entrepreneurship as a path to nation building. The deadline of application for their program is on February 2, 2018 . Click here to apply. Diane Eustaquio is the Ideaspace Executive Director and their email is email@example.com.
They target innovation-driven entrepreneurs whose businesses have the potential to impact all sectors of society. The ideal target startup will provide solutions to emerging world problems, generate jobs, and distribute created wealth in a dispersed manner. Check out this list of requirements to see if you are qualified for the program. You can contact them at firstname.lastname@example.org. Dustin RJ Masancay is the Incubator Manager.
UP Cebu Business Incubator for IT (UP Cebu inIT) is a Technology Business Incubator (TBI) made possible by the University of the Philippines Cebu (UP Cebu) and DOST-Philippine Council for Industry, Energy and Emerging Technology Research and Development (PCIEERD), and is located inside UP Cebu Campus. If you have questions, email them at email@example.com. Joseph Librero is the program contact.
This mentorship program follows the lean startup principle in product development and go-to-market strategies by providing a venue to learn and exchange ideas. They also offer access to large enterprises, venture capitalists and the opportunity to be a future mentor. Their program started accepting applications last November 24, 2017. StartupIslandPH is spearheaded by the Department of Trade and Industry (DTI) Cebu Provincial Director Nannette Arbon. The required qualifications for the program and application form can be found on their website.
Helps jumpstart startups by build disruptive technology that displaces an established technology and shakes up the industry or introduces a groundbreaking product that creates a completely new industry. Contact them using this form. Carlo Calimon is the co-founder and Program Director.
According to their website, their goal is to break through protocol and bureaucracy to accelerate collaboration between enterprises and startups. They are pushing for an ecosystem-wide innovation: not corporate or startups, but corporate AND startups, together. If you need more information, email them at firstname.lastname@example.org. Alex Alabiso is the Director of Kickstart Ventures.
The above programs are based in the Philippines and we are sure there are other local and international programs open to Philippines-based startups. If you run a program that supports startups in the Philippines, feel free to contact us with your information.
As for you, startup founders, we hope you find the program that fits your needs. We encourage you to contact the above program administrators if you have further questions. Other startups have applied to more than one program so good luck if that is appropriate for your startup as well.
Keep us posted on your progress via email at info@TechTalks.ph or on social media TechTalks.ph.