DTI to boost PH creative and entrepreneurship industry with IDEA, ADVanCE programs

by

Azunta Gaviola

-

9 months ago

Get ready to explore the future of marketing and elevate your business! The ‘What’s NEXT in Marketing 2024-2025’ series is heading to Indonesia, Malaysia, the Philippines, Singapore, and Hong Kong. Don’t miss out!

Philippines – The Department of Trade and Industry, through the Competitiveness and Innovation Group, has recently announced its two latest project initiatives centred around supporting and strengthening Filipino creativity and entrepreneurship.

These initiatives were introduced as Incubation, Development, and Entrepreneurial Assistance, or IDEA, and Accelerating Development, Valuation, and Corporate Entrepreneurship, or ADVanCE, which were also launched alongside its partnership with startup accelerator Launchgarage.

Under the programme, selected startups will undergo a series of educational workshops designed to transform their creative business concepts into successful enterprises. Each will be paired with seasoned mentors and coaches to provide guidance in their startup journey. 

The programme will end with a showcase event, offering startups the opportunity to present their ventures to programme stakeholders, angel investors, venture capitalists, corporate representatives, and influential figures in the ecosystem.

Furthermore, a preliminary screening on organisational capacity, business maturity, and readiness will also be organised. Five startups will be chosen from an initial pool of 10–15 to participate in the ADVanCE programme for Creatives. These startups will also undergo intensive training based on the specific interventions identified during the needs assessment.

Meanwhile, the IDEA for Creatives edition will onboard 10 early-stage creative startups and enterprises to support and enhance their entrepreneurial capacity and readiness.

Speaking about the opportunity, Rafaelita Aldaba, undersecretary at DTI-CIG, said, “The programmes are a testament to the Philippine government’s belief in the immense potential of Filipino creativity and entrepreneurship. By providing the much-needed support and platform, we are setting the stage for creative startups to not only thrive locally but also make a significant impact on the global stage.”

“The creative sector is a vital component of our economy and cultural identity, and through initiatives like these, we aim to foster an environment where ideas can flourish, talents are honed, and success stories are born,” she continued.

In terms of qualification requirements, on the other hand, companies must be in the growth and expansion stage, have at least two years of revenue-generating activities, and be SEC or DTI-registered. They must also be established in the country and have at least 60% Filipino founders and have at least two founders committed to the ADVanCE programme.

“We call on all eligible creative startups to seize this unparalleled opportunity. Join us in this endeavour to transform your innovative ideas into successful enterprises and become part of a movement that celebrates and elevates Filipino talent and ingenuity,” Aldaba shares. 

The deadline for the submission of application requirements will end today, January 31, 2024.

 

Happening in Singapore on 19-20 February 2025, the ‘What’s NEXT in Marketing: Singapore 2025’ event presents an exceptional opportunity for marketers and industry leaders to talk about the future of marketing and drive success in the Singaporean market! Register now to secure your slot!
Discover the latest trends in business communication from over 473 billion interactions in Infobip‘s ‘Conversational experience trends 2024‘ report. Mobile messaging, chat apps, and social media lead in customer engagement. Download here for FREE!

 

Share

RECENT ARTICLES

Singtel, Western Union sign conditional agreement sale of mobile wallet Dash
Retailers face increased fraud risks as cyber threats target e-commerce space: report
IBM expands software reach on Microsoft Azure marketplace with Apptio suite’s addition
Infosys unveils new data, GenAI suite to empower digital operations amongst banks
Aryton Soliano on driving Moby Money’s data-driven marketing, consumer success in Malaysia’s Islamic fintech industry following appointment
Ellipse 3

RELATED ARTICLES

3
Retailers face increased fraud risks as cyber threats target e-commerce space report_11zon
IBM expands software reach on Microsoft Azure marketplace with Apptio suite’s addition
Ellipse 3

FEATURED ARTICLES

3
Retailers face increased fraud risks as cyber threats target e-commerce space report_11zon
IBM expands software reach on Microsoft Azure marketplace with Apptio suite’s addition

Subscribe to UpTech Media Newsletter

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.