Manila, Philippines – Ideaspace Ventures, the MVP’s startup accelerator arm, has recently expanded its portfolio through the addition of five new startups under the 12th cohort of its flagship accelerator program, themed “Resilient Founders: Game-Changing Ventures.”
Through the initiative, the company has provided immediate investments in the newly selected startups, demonstrating its commitment to growth and securing them in its portfolio.
The new cohort includes startups including (1) Collo, which aims to improve and simplify property management; (2) Flying Tigers Express, a logistics service startup focused on same-day or next-day, door-to-door, island-to-island express delivery; and (3) Itemcount, which seeks to help businesses earn more by simplifying inventory-keeping.
Additionally, the lineup consists of Remotify, a business designed to transform remote work management, and Swiftclaims, which intends to enhance PhilHealth insurance claims processing for Philippine healthcare institutions.
These startups will benefit from the mentorship in business operations, tailored guidance on raising funds, and valuable insights into successful marketing and sales strategies.
“The rigorous selection process highlights the resilience of these startups. Despite facing the downtrend challenges of 2023, they have persevered, truly embodying this year’s theme,” commented Jay Fajardo, executive director at Ideaspace and an alumnus of Cohort 11.
Rene “Butch” Meily, president at Ideaspace, also remarked, “We are thrilled to welcome the Cohort 12 startups into the Ideaspace family. The strength of our network, which connects founders, mentors, and the broader MVP group, will undoubtedly drive us to greater heights.”
According to Ben Alderson, deputy director at Ideaspace, the 13-week accelerator program is set to culminate in a demo day during Philippine Startup Week 2024 (PHSW24) in November.
The said initiative is designed to harness collaboration and innovation across the Philippine startup ecosystem, with the upcoming PHSW24 that aligns with the firm’s mission to support local startups through partnerships with government agencies.
