It’s good to see alumni of our Startup Arena pitching contest popping up with plaudits elsewhere in the startup ecosystem. That happened today with Payroll Hero and SpellDial being among three winning teams of the ON3 competition run by Philippine-based STAT-VC. The other winner was NEXTIC which won with two products, Groupjump and Mii Move. Find out more about the startups and the ON3 contest on the source link.
Full release below:
STAC Silicon Valley Announces 2012 ON3 Winners NEXTIX, Payroll Hero and SpellDial Win Plug and Play Tech Center Immersion
April 10, 2013 – Palo Alto, CA and Manila, Philippines – The Science & Technology Council officially announced the 2012 ON3 winners which include NEXTIX (GroupJump and Mii Move), Payroll Hero and SpellDial. The path of the 2012 ON3 Finalists started a year ago in April when each company presented their 3-minute pitch to a panel of judges during one of the four Regional competitions held in Davao, Cebu, Pangasinan and Manila. “The judges during the coaching sessions challenged us each time to justify our technology, target market, and team.” says Bobby Suson, Founder of GroupJump. “We used their feedback to finalize our presentation for competition day and we have been looking forward to the 2012 announcement.”
The ON3 competition is one that has an extremely unique format. ON3 takes place twice a year in the Philippines beginning with the Regional competitions hosted in cities across the country. There are two competitions in Luzon to enable participants from the northern and southern communities to participate, one in the Visayas and one in Mindanao. The best performers of the Regional leg come together to compete in the final competition where they are judged by a panel of angel investors, venture capitalists and professionals for their pitch performance. The short list of companies are then required to demonstrate ability to execute their business model over a period of three months and submit monthly reports. Companies that demonstrate an ability to execute and achieve milestones are then considered for the grand prize of a three month immersion package provided by ON3’s Platinum sponsor Plug and Play Tech Center in Sunnyvale, California.
Plug and Play Tech Center is a global accelerator providing a unique platform to help international companies succeed. “As a judge during the Regionals in Manila, the entrepreneurs demonstrated their drive and approach to solving a global problem using technology and I am confident that the entrepreneurial ecosystem for the Philippines is headed toward success,” says Saeed Amidi, CEO of Plug and Play. To help facilitate their immersion, ON3 2012 winners will be supported in part through a grant from the Department of Science and Technology (DOST) which will help offset the living expenses during their three month stay in Silicon Valley. The Department of Trade and Industry and the Department of Foreign Affairs (DFA) has championed the cross border partnership and development of the entrepreneurial ecosystem supporting STAC SV and its ON3 program. The private sector support has been led by Novare Technologies, SMART Communications, and Globe Telecom who not only support ON3 but each are active in contributing to the ecosystem independently.
ON3 is a nationwide business plan search for emerging technology companies in the Philippines. In August 2009, The Philippine Government (Departments of Science & Technology, Trade & Industry and Foreign Affairs) signed a Memo of Agreement with STAC-SV to formalize a working relationship that together would create a platform in the Philippines designed to support efforts of local entrepreneurs, scientists and graduate students with attractive global business models. The prototype ON3 competition was launched at the 2010 eServices conference serving as the first competition of its kind in the Philippines. Jojo Flores, co-founder of Plug and Play Tech Center who also serves as Vice President of STAC-SV, led the event and currently serves as the ON3 Director.