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[June6,2014/MANILA]PhilippinebasedincubatorandacceleratorIdeaSpaceFoundation,Inc.(IdeaSpace)hasselectedten
techstartupsinitsyearlycompetitionforearlystagefundingworthatleastPhP1millioneachconsistingofseedinvestment,training
andservices.

ThetenwinnersoftheIdeaspace2014techstartupcontestare:

BluLemons(Dasmarinas,Cavite)AFilipinothemedmobilegamingstudio

FlipTrip.ph(Taguig)OnlinePhilippinetravelplatformforitinerarycustomizationandbooking

MyChild(QuezonCity)Anonlineandmobileplatformforparentsandschoolstoworktogethertomakeachildsucceed

Nyfti(Manila)A3foldbicyclethatyoucantakeanywhere

RTAP(QuezonCity)Realtimepumpcontrollerforefficientwaterdistribution

SALt(LipaCity)Sustainablealternativelightingsolutionspoweredbywaterandtablesalt

Tactiles(Laguna)Hardwarekitforbasicelectronicseducation

Tambio(Manila/QuezonCity)Allrafflesinoneapp
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SmartFleet(Makati/Caloocan/Paranaque)Technologyplatformenablingtransportfleetswithoperationsautomation,
booking,andanalyticssolutions

WattSmart(Pasig/QuezonCity)Onlineenergyauditsolutiontohelpmonitorelectricityuseinrealtime

Thisyearswinnersrepresentawidevarietyoftechsolutionsforemergingmarkets.Thepotentialisnotjustlocalbutglobaland
IdeaSpaceisheretosupporttheseyounginnovatorswhotooktheriskandacceptedthechallenge,saidManuelV.Pangilinan,
IdeaSpaceChairman.

Asidefromthefundingandbusinesssupport,thewinnerswillalsobeprovidedwithofficespaceinMakatiCityaswellashousingfor
nonManilaresidents.IdeaSpacewillalsolinkthesestartupstocompaniessupportingthefoundationformarketrunway.Startups
whichsuccessfullycompletetheaccelerationprogrambasedonbusinessmetricswillbefurthereligibletoavailofadditionalfollow
throughfundingworthuptoPhP5million.

JudgesforthefinalroundincludeFirstPacificgroupChairmanManuelV.Pangilinan,DigitelMobilePhilippines,Inc.(DMPI)
presidentandSmartCommunications,Inc.(Smart)chiefwirelessadvisorOrlandoB.Vea,FirstPacificCompanyexecutivedirector
EdwardTortorici,MayniladWaterServicesInc.(Maynilad)presidentRickyP.Vargas,DirectorGeneraloftheIntellectualProperty
OfficeofthePhilippines,Atty.RicardoBlancaflor,andManagingDirectorofSiliconValleybasedICCPVenturePartners,Dr.Edwin
Lau.

ThisisthesecondyearthatIdeaSpaceisawardinginnovativetechstartupsunderitsincubationandacceleratorprogram.Last
yearsbatchoftenincludedupandcomingstartupssuchasbusreservationappPinoyTravel,enterprisequeuingsolutionTime
Free,kneeimplantsforAsianmarketcompanyArthrologic,jobsiteforcreativesPortfolioMNLandconsumerrewardsplatform
MobKard.Atotalof24startupsarenowcurrentlybeingsupportedbyIdeaSpace,includingwinnersfromlastyearandthisyearand
thosewhoreceivedsupportoutsidetheyearlystartupcompetition.

Thewinnersarefromtheseventeenfinaliststhatbestedmorethan600entries,threeroundsofrigorousjudgingandatwomonth
intensiveincubationprogramwheretheyreceivedaninitialgrantworthP100,000includingPhP50,000outrightcashgranttoworkon
theirminimumviableproduct.Duringthisperiod,theywerealsomentoredandtrainedtohonetheirentrepreneurialskillsontopof
gettingassistanceforbusinessincorporationandintellectualpropertyfilingsupport.

Duringtheannouncement,Pangilinanalsocommendedtherestofthefinalistsandcitedthemarketneedfortheinnovations.He
announcedthatIdeaSpaceiscommittingtoprovidevariablesupporttotheseventeamsbasedonfurtherevaluation.

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WecongratulatetheTop10IdeaSpacestartupsthatmadethecutfor2014.Butwewillcontinuetosupportthosethatwerenotable
tomakeit,becauseitsimportantthatwecontinuehelpingthesestartupsprovidingcriticalinnovationthatourcountryneeds,
Pangilinanadded.

Therestofthefinalistswere:

CholesteLOW(Davao)naturalanticholesterolRicethatlowersbloodcholesteroltokeepthehearthealthy

iHarvest(LasPinas)thenextgenerationpaddygraindryerpoweredbysolarenergy

iTravelPH(Batangas)AGPSbasedmobilesolutionthatprovidestransitroutesforsmarttravelingandcommuting

SupplyHub(Makati/Muntinlupa/QuezonCity)onlinebusinesstobusinessplatformthatconnectsbuyerswithsuppliers
nationwide

Taxinoy(Makati)TaxiBookingAppwithZeroDataCharges

ToGocery(Muntinlupa/QuezonCity)Anintuitivemobilesolutionforaquickerandsimplergroceryshopping.

Unlock&Load(Makati)mobileadvertisingplatform

Withhalfabillionpesosinfundingover5yearsandsupportfromindustryleaders,IdeaSpaceisthelargestprivatesector
commitmentfortechnologyentrepreneurshipbasedinthePhilippines.IdeaSpaceissupportedbythefollowingcompanies:First
Pacific,FirstPacificLeadershipAcademy,MetroPacificInvestmentsCorporation(MPIC),MetroPacificTollwaysCorporation,MPIC
hospitalgroup,PLDT,Meralco,SmartCommunications,Inc.,DigitelMobilePhilippinesanditsmobilebrandSunCellular,SPI
Global,ePLDT,Indofood,PhilexMining,Maynilad,MediaQuest,andTV5.

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