Ideaspace

IdeaSpace and QBO Innovation have invested over 300 million pesos (US$5.24 million), incubated more than 250 startups.

Investors want clear plans for the economy as the late dictator’s son prepares to take the Philippines’ highest post.

Logistics startup Airship, proptech firm Cocotel, and tourism platform Experience Philippines received about US$20,000 each.

The foundation says taking a 20 percent stake is not really helping startups.

The Philippines unveils a roadmap for developing the startup ecosystem in the hopes it would become the next ‘sunshine’ industry.

The annual conference has drawn prominent investors such as Dave McClure and Khailee Ng of 500 Startups, and more than 400 participants from across the globe.

Its flagship product, the Real-Time Adjusting Pump System (R-TAP), will lead the way in making this goal a reality.

Philippine incubator Ideaspace Foundation announced the 10 winners of its second national startup competition yesterday.

[UPDATE: fixed errors on number of portfolio startups under Kickstart Ventures, and amount of funding per startup for Ideaspace.] Although challenges need to be addressed in the Philippines, the potential is there.

The Philippines’ strong economy plus the growing support from tech incubators in the country are good signs for budding domestic startups, according to according to senior executives from Philippine telco Smart