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 […]
Post Type Archives: FAQs
Will the program be online?
Yes, the 2021 acceleration program will be 100% virtual.
We joined last year but we did not make it past a certain round. Can we reapply?
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.
My startup is in the same industry as an IdeaSpace alumnus/alumna. Should I still apply?
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.
Does IdeaSpace take equity?
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.
We have been through an incubation program before. Should we still apply for your program?
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.
Can we submit before the deadline?
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.
Should the entire team be full-time?
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.
Is there a maximum number of team members?
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.
I’m the only person in the company./I’m a solo founder. Do I qualify?
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.