February 25, 2024

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Philippine Startup Challenge to fund relevant prototypes

A prototype funding worth US$ 19,100 (PHP 1 million) will be awarded to the top winners of the Philippine Startup Challenge 5 (PSC5) by the Department of Information and Communications Technology-ICT Industry Development Bureau (DICT-IIDB).

According to a recent report, the nationwide start-up competition of the Department received a financial boost from the Department of Science and Technology’s Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD).

THE DOST-PCIEERD is an institution mandated to provide financial assistance aimed at nurturing tech-based start-ups to contribute to the industrial development of the Philippines.

The funding will be awarded to the top 5 student-teams of the 2019 PSC that meet the eligibility requirements of both DICT and DOST.

This is the first time for the government to provide funds to aspiring start-ups.

The partnership between both government agencies will provide opportunities for student-teams to develop prototypes of their ideas.

Hopefully, this initiative will encourage more college students to create applications and products as well as join the next start-up challenge.

The Chief of the Research Information and Technology Transfer Division of the DOST-PCIEERD explained that the challenge is aligned with their initiative of supporting young innovators.

Teaming up with other innovation ecosystem partners, including their network of University-based DOST Technology Business Incubators (TBIs), will ensure that the winning student-teams will receive inputs and deserving awards in this endeavour.

Moreover, this will also enable them to move a step further and create prototypes and tangible outputs from their winning ideas.

Tech-entrepreneurship, by its nature, is a high-risk, high-gain venture, and it is great that the government is supporting these aspiring founders and talented young risk-takers.

The government knows that start-ups require long-term investment in people, and this start-up challenge will be a good opportunity for them to pitch their ideas.

A challenging but productive journey with these start-ups is expected.

The semi-finalists, who will be given additional mentoring to enhance their business ideas, were announced last 21 December 2018.

The top 10 student-teams will then be chosen on March 2019. The product prototype grants will only be given to the top five teams during the national finals to be held in April 2019.

The start-up challenge is part of the seedPH Program, which aims to support and develop the Philippine start-up ecosystem and produce local technopreneurs whose products and services are socially relevant and are scalable globally.

The DICT is the primary policy planning, coordinating, implementing and administrative entity of the Executive branch mandated to plan, develop and promote the national Information and Communications Technology agenda.

It aims to promote and assist in the development of local content, applications, and services which include support for ICT-based start-up enterprises.

The DOST is mandated to provide central direction, leadership and coordination of specific and technological efforts.

The DOST-PCIEERD provides financial assistance for Research & Development and Technology Transfer Support to nurture research breakthroughs and tech-based startups that will contribute to the economic and industrial development of the country.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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