We do not recommend that idea stage startups apply as our accelerator best serves teams with at least a minimum viable product. An incubation program might better serve you and your company at this time.
We are looking for founders and teams with diverse backgrounds beyond IT. The teams that have found success during and outside of the program usually have at least five years of experience in a specific domain or industry. Having a technical lead or advisor is more of an advantage than a requirement.
Yes, you may send an application with a solo member. However, please note you have until the pre-acceleration phase to find at least one co-founder. We highly recommend having at least part-time co-founders, consultants, or employees, as the IdeaSpace program is rigorous and will test the startup team’s execution quotient in different areas.
No. The platform we use for submissions requires a maximum of three names and contact details. However, you can definitely have more than three members in a group.
Not necessarily but we recommend at least one full-time founder. We expect part-time co-founders, employees, or consultants to support the full-time founder and participate in activities as they see fit.
Yes. We encourage applicants to accomplish their applications at least a week before the actual deadline to avoid technical difficulties and to encourage quality submissions.
Our accelerator program focuses on turning startups into scaleups. If you are looking to help your team and your business grow, you are a good fit for the program.
Should we choose to invest in your startup at the end of the accelerator program, yes, we will take equity. The actual percentage will be determined during deliberations between IdeaSpace and the leadership team of the startup.
Yes. The information shared with the IdeaSpace team and mentors will remain confidential. We encourage collaboration between startups operating in similar spaces; however, the amount and kind of information shared is still up to the founders.
Yes! If you are reapplying with the same startup and idea, we advise that you highlight the improvements the founders and business have made since the last application. If you are applying with a different idea, you may note this in the application form.
Yes, the 2021 acceleration program will be 100% virtual.
Yes, as long as you have intentions of setting up operations in the Philippines and marketing your product or service to the Filipino market. Teams from other countries may apply must have at least one Filipino team lead.
The IdeaSpace accelerator program involves learning sessions, workshops, mentoring, and regular check-ins. If your startup is at a more advanced stage and you’d like to focus on areas such as legal matters, office space, hiring, or if you’re looking for a soft landing program, we may not be the best program for you.
If you require funding and have previously completed an incubator or accelerator program, you may want to consider applying for the Opportunity Fund instead.
If you would like to learn more about the Philippine market, get advice and guidance from industry experts and startup founders based in the Philippines, or pursue a market-specific approach, the IdeaSpace program will be a good fit for you.
