IdeaSpace spotlights 6 ‘Startups for the Future’

IdeaSpace Accelerator Program Cohort 13 Group Photo —CONTRIBUTED

IdeaSpace Foundation, the early-stage technology incubator and accelerator arm of the MVP Group of Companies, spotlighted six high-potential startups that are ready to reshape key industries with innovative solutions.

The solutions—featured on Demo Day held by IdeaSpace on Nov. 19—focused on technology, sustainability and changing lifestyles.

The six graduating startups of Cohort 13 are the following:

• KaHero: a cloud-based point-of-sale system that empowers small businesses with management tools for sales, inventory and multiple branches.

• Soolok Properties Inc.: a digital platform that aggregates foreclosed property listings and applies proprietary pricing models to identify best-value real estate deals.

• Xure: a mobile marketplace designed for collectors to safely buy, sell and trade valuables, incorporating expert appraisal and certification.

• DashoContent: A hybrid content operations platform leveraging both artificial intelligence and human experts to streamline content creation and management workflows.

• Cloverly: An internal tool for property developers and brokers that significantly streamlines and digitizes the complex process of buyer onboarding.

• Polka Motors: An online marketplace that simplifies and accelerates the application process for motor vehicle loans.

The latest cohort comprises startups that have completed the rigorous three-month program launched in August.

The culmination of the program served as a pivotal platform for founders to present their scalable ventures to IdeaSpace’s network of partners, investors and industry leaders, marking their entry into the next phase of growth.

Proven impact

Startups in Cohort 13 have already proven their operational readiness and market impact. The graduating businesses have achieved significant traction, collectively onboarding over 588 food and beverage outlets, general merchandise branches and 350 dealer branches. They have accumulated a combined base of 12,000 active users.

Furthermore, the cohort has successfully expanded reach both locally and internationally, launched enterprise pilots, secured follow-on investments and established crucial business-to-business collaborations across essential verticals, including banking and financial services.

“IdeaSpace has always been and remains a vital funnel of world-class, early-stage talent to the global community, and we believe the overall future of the Philippine startup ecosystem has never been brighter,” says Rene Meily, president of IdeaSpace.

The Accelerator Program will continue to provide the startups with comprehensive support, including mentorship from industry experts and access to IdeaSpace’s extensive network. It will give guidance on business operations, fundraising strategies and effective marketing. This program is designed to fast-track the growth of promising technology-based ventures as they transition to their next funding rounds.

“The cornerstone of our work is to sustain the ecosystem so that we help more startups that have immense potential to contribute to the economy and national development. This cohort embodies that mission, and we are excited to partner with them on their journey to build scalable, sustainable businesses. Demo Day is not an end, but a beginning of crucial collaborations,” adds Alwyn Rosel, executive director of IdeaSpace.

Since its launch, the IdeaSpace Accelerator Program has been a cornerstone of the Philippine startup landscape, supporting over 150 startups and empowering a new generation of Filipino entrepreneurs.

ABOUT IDEASPACE

IdeaSpace is the Philippines’ premier startup enabler for early-stage Filipino technology startups. IdeaSpace was established in 2012 by its Chairman, Manuel V. Pangilinan with the vision of supporting Filipino tech entrepreneurship, and is backed by First Pacific, Metro Pacific Investments Corporation (MPIC), PLDT-Smart, Meralco, and Maynilad, along with various public and private organizations.

For more information on Ideaspace Ventures, visit https://www.ideaspace.vc/ or @IdeaspaceVentures on social media.

ABOUT QBO INNOVATION

QBO (‘ku-bo’) is the Philippines’ first public-private initiative focused on providing a platform for the startup community to collaborate, develop talents, and grow. It operates incubation and acceleration programs for startups across multiple stages and industries, and conducts an array of startup ecosystem and community activities to improve access to markets, knowledge, network, capital, and talent.

Created in 2016 through a partnership with IdeaSpace, the Department of Science and Technology (DOST), the Department of Trade and Industry (DTI) and J.P. Morgan. QBO has been an active player in creating a globally competitive ecosystem in the Philippines, fueled by its vision of Filipino startups changing the world.

For more information on QBO, visit their website at qboinnovation.com or follow their social media accounts at @QBOInnovation.