A new Tech Start-Up Investor is in town!
Ever since the bubble burst back in 2000, venture capitalists and incubators have become sparse in the Philippine IT industry so it’s a little surprising to see one calling out and looking for tech start-ups to invest into. This is good news to budding technopreneurs out there.
If you have a great idea for a tech start-up in the software and mobile space, check out PhiLabs for some assistance on funding your next big project.
This is basically what you’ll get:
- seed funding of Php200,000 to built a demo product
- second round funding of up to Php1.5 million to launch the product
- access and sharing of knowledge, ideas and trends with top entrepreneurs and talents
- office and administrative support provided
There’s no requirements for detailed business plan or presentation. All you need is a great idea and the skills to build it up. The initial Php200,000 seed fund might not be big but for a fresh grad or a freelance developer, it could go a long way.
Know more about the company and the people behind phiLabs here. PhiLabs will be holding a launch event at 4.00 pm February 27, 2009 at Ateneo De Manila University Social Science Conference Hall 1 and 2 to introduce the program and its website to potential technoprenuers and partners. Everyone’s invited.
Disclosure: I serve as a consultant to one of the principals of the company but I am not directly affiliated with them.