ABS-CBNnews.com | 02/12/2013 3:29 PM
|Globe and Kickstart executives together with the startup founders.|
MANILA, Philippines - Kickstart Ventures, a subsidiary of Globe Telecom, is investing in 10 startup companies in the Philippines.
Incubator-investment firm Kickstart chose 10 Philippines-based startups focused on digital technology businesses in education and retail, among others.
"The Philippines is showing a new economic dynamism, attention to governance, and clarity about how the public and private sectors can drive things forward. Kickstart is taking concrete action to make these fundamentals a launchpad for greater innovation at the grassroots community level," Kickstart president Minette B. Navarrete said.
"By making these investments, we literally put our money where our mouth is: providing startup capital, as well as organizing training programs, regular mentorship, and business introductions to bring startups and progressive corporates together."
The 10 startups are as follows:
1. AVA (www.AVA.ph ), a premiere online shopping site for well-loved brands and experiences
2. Kalibrr (www.kalibrr.com ) which offers online learning that gets one a job
3. ZAP (www.ZAP.com.ph ), a web and mobile retail promotions and loyalty program for brick-and-mortar merchants
4. Lifebit (www.lifebit.com ), a web and mobile journal for urbanites
5. Tripid (www.tripid.ph ), a carpooling platform and community
6. Bagosphere (www.bagosphere.com ) which runs a training program for rural youth aspiring to get hired by BPOs that often locate in provincial cities to take advantage of real estate availability and affordability
7. Apptivate (www.apptivate.co ), an apps purchase service for non-credit card owners
8. Work Inspire (www.workinspire.com ), an email and document organization system for better project management
9. Tripsiders (www.tripsiders.com ), a Cebu-based local itinerary creation and booking engine with insider community content
10. My Legal Whiz (www.mylegalwhiz.com ), a web and mobile resource for legal research.
Kickstart said the investees reflect the company's preference for infra-light web and mobile software, applications and/or services.
The startups get funding funding, mentoring, training, access to the resources of Kickstart and GlobeTelecom.
Each investee also gets P2 million mobile ad credits and GCash integration from Kickstart; $1,000 credits and technical training from Amazon Web Services; and free customer service support for 12 months from ZenDesk.
Navarrette said there is a need to provide a full support system for aspiring technopreneurs.
"Kickstart does that through a combination of actual investment activity, community networking events, and evangelizing amongst corporates. These current investments are at seed/early stage, but Kickstart is also able to do Series ‘A’ investments, when the time comes. We can do that by ourselves, or bring in partners like SingTel, Innov8 and others. That way, startups get a longer runway for growth," she said.