Kickstart is one of the most successful incubators in the Philippines, counting 18 start-ups in their impressive portfolio and investing in many more. Start-ups can get up to P10 million (US$250,000) initially. However, there is a variety of seed funds, depending on the needs of the company.
As a wholly-owned subsidiary of Globe Telecom, which is in turn a joint venture between Singtel and Ayala, start-ups funded by this group also have the opportunity to reach Singtel and Ayala decision-makers who can provide experience and guidance.
In addition, apps can enjoy trials with Globe users, essentially acting as a platform for market survey.
IdeaSpace is run by Filipino magnate Manuel V. Pangilinan who owns PLDT Inc., the largest telecommunications company in the country. IdeaSpace focuses mainly on tech start-ups and, according to their main website, has enabled 52 tech start-ups and over 150 start-up founders since 2012.
They provide not only seed funding to start-ups they deem to have potential but also mentoring, links to partners, and even office and housing support for non-Manila teams. Since the incubator is owned by Pangilinan, start-ups can possibly partner the MVP group of companies which vary from media stations to hotels. The incubation programme starts with a five-day boot camp before transitioning into a six-week incubation phase.
In their most recent start-up competition, they offered up to P500,000 (US$12,000) seed funding plus a whole bevy of support including an entrepreneurship programme, mentoring and networking.
SPRING.ph was started by the Philippines Software Industry Association in August 2011 and was initially known as the Product Development Special Interest Group (PD/SIG). Their goal, according to their main website, is to make Philippines “a center for software product creation, innovation, and commercialization.” Now, close to 50 companies and 24 product teams have joined them.
Their main event is the quarterly LaunchPad activity which helps participating teams cross over from idea to reality. According to their website, teams that are successful during LaunchPad events will get business development assistance from the PSIA-SPRING.ph and a chance to be a part of the group of Globally Recognized Software Products which promised to generate close to US$1 million in revenues from customers outside the Philippines.
This website is essentially a helpful list of various angel investors in the Philippines. The site provides a profile of each angel and also lists their interests and the start-ups that they have funded. If you think your start-up fits their criteria, you can apply for funding. It is like a match-making service for start-ups and investors.
The Philippines is not short of incubators and angel funds. It’s just a matter of finding one that matches your start-up. Good luck.