We have recently completed a review of our alumni program, where we were able to interview 37 out of our 46 active startups. We are pleased to report that, to date, 32 of the 37 active startups that responded to the review have made Php338.23M in gross revenue for 2019.
Eleven startups have raised over Php100 million outside of IdeaSpace, with ticket sizes ranging from 500,000-37 million. Our startups have also employed 487 people, with 43.53% or 212 employees being women.
Our review also revealed that the greatest factors keeping startups from growing are funding, talent acquisition, effective customer acquisition, employee management, and government regulations.