Manuel V. Pangilinan (MVP) and Co. recently launched a new seed fund for technopreneurs in the Philippines that aims to develop groundbreaking ideas and technologies then turn them into actual commercial products. The fund is called IdeaSpace; which is a Silicon-valley like incubator program that will provide support and mentor Filipino Tech entrepreneurs.
It’s a “multi-million” dollar program that targets Filipino-founded start-ups that focuses on various industries like water and power utilities, toll roads and transportation, healthcare, mining, telecommunications, media and food, though Tech is not included in the list, I’m sure Manuel V. Pangilinan and IdeaSpace will be more than interested if you have a world-changing technology.
“We want to help jumpstart the creation of a Silicon Valley-like ecosystem in the Philippines. This program will support innovative Filipino ‘technopreneurs’ with great ideas that promises the potential of global and national commercial potential,” Manuel V. Pangilinan said in a statement.
This is great news for Filipino start-up, not only that you’ll be mentored by Pangilinan-led companies, including Smart Communications, Digitel and Sun Cellular, SPI Global, and ICT unit ePLDT, as well as PLDT shareholder First Pacific, media affiliates MediaQuest and TV5, and other companies, you’ll also have access to office space and IT facilities in Makati City and the First Pacific Group’s Leadership Academy in Antipolo City.
To get the ball rolling, IdeaSpace will be launching a national competition for the first batch of technology entrepreneurs that will qualify for the program. This is exciting time for Filipino ‘technopreneurs’ and I’m looking forward in seeing the first Filipino-founded start-up under the leadership of MVP!