IdeaSpace invests PHP 1M on three tech startups, now accepting applications for 2021 program

IdeaSpace closed its 2020 acceleration program with investments of PHP 1M each in three tech startups.

File photo: Ideaspace Foundation logo

Now accepting applications for IdeaSpace 2021 program!

The startup support organization has chosen the following tech startups as its 2020 program winners:

1. Agro-Digital PH - Agritech startup 

2. Humble - Sustainability and circular living startup

3. Workbean - Workplace tech startup

These three teams have shown tremendous growth throughout the acceleration program. They address urgent and emerging problems while creating new opportunities for industries, shared IdeaSpace President Butch Meily.

Agro-Digital PH aims to build a fairer ecosystem where the work of farmers is justly rewarded through developing the tools, knowledge, and networks necessary to leverage social organization in farmers’ groups and cooperatives, establish standards, and coordinate fulfillment. 

On the other hand, Humble works to help people practice circular living by taking things that people no longer want or need through online bookings for home collections, with the items being reused by non-profit organizations or upcycled into new pieces.

Lastly, Workbean aims to be Asia’s largest directory of company cultures, helping professionals and companies find the best fit.

The announcement of winners happened last January 27, 2021!

To recap, IdeaSpace's 2020 acceleration cohort includes nine other startups: agritech startups Farmvocacy and Urban Greens; edtech startups CerebroLMS and Mash & Co.; medical e-marketplace MedHyve; nonprofit solutions provider Giving Hero, experience gift platform TADAH; outdoor engagement and local marketplace TakeFive Outdoors; and workplace tech Worky.ph. 

These startups were selected for the acceleration program after three rounds of judging and a six-week pre-acceleration program.

IdeaSpace is now accepting applications for its 2021 program. They are looking for startups in the following spaces: agritech and foodtech, edtech (basic education, upskilling/reskilling, digital skills, coaching), healthcare, wellness, and wellbeing, e-commerce and logistics, media, and entertainment, fintech, and B2B startups.

IdeaSpace will continue to hold a 100 percent virtual acceleration program for 2021, and it is also encouraging applications from Filipino founders based abroad who are looking to set up their business in the Philippines and do business with the Philippine market.

For more information on IdeaSpace and its startup support programs, interested applicants can visit ideaspacefoundation.org. 

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