Quantcast
Latest Stories

STAC announces winners of business plan search



PALO ALTO, California—The Science & Technology Advisory Council (STAC) declared Nextix (GroupJump and Mii Move), Payroll Hero and SpellDial as the winners of the 2012 ON3, a nationwide business plan search for emerging technology companies in the Philippines.

The winners get the grand prize–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 thriving Silicon Valley global accelerator that hosts a community of over 300 startups from all over the world. It speeds up the growth of its startups via strategic partnerships, including 170 investors who participate in regular screening sessions exclusive to Plug and Play members.

The following won the immersion with Plug and Play:

Nextix Groupjump is a social and mobile e-group networking site that allows to fully control and manage the security and privacy of their virtual social groups. Groupjump can easily be accessed through the web and mobile devices.

Nextix’s MiiMove is an app that allows seamless real-time coaching and interaction between students and coaches around the world for improving and mastering any sport. Its platform enables users to engage the services of professional coaches from anywhere in the world.

PayrollHero is a cloud-based Consumer-friendly time, Attendance, scheduling and payroll app for web and mobile. Spelldial is an app that allows customers to remember names not numbers. Its platform enables users, merchants and brands to stay connected whenever, wherever.

Entrepreneurial ecosystem

“As a judge during the regionals in Manila, I am confident that the entrepreneurial ecosystem for the Philippines is headed toward success,” says Saeed Amidi, CEO of Plug and Play.

The Philippine departments of Science & Technology, Trade & Industry and Foreign Affairs work with STAC-Silicon Valley to provide opportunities to support efforts of local entrepreneurs, scientists and graduate students with attractive global business models.

The ON3 competition has a unique format. It takes place twice a year in the Philippines beginning with the regional competitions There are two competitions in Luzon, to enable participants from the northern and southern provinces to participate, one in the Visayas and one in Mindanao.

The path of the 2012 ON3 finalists started a year ago in April when each company presented three-minute pitches 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.”

 

Best performers

The best performers of the regional leg compete in the final round where they are judged by a panel of angel investors, venture capitalists and professionals for their pitch performance. The shortlist 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 are able 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.

To help facilitate their immersion, ON3 2012 winners will be supported in part through a grant from the Department of Science and Technology, to help offset living expenses during the three-month stay in Silicon Valley.

The Department of Trade and Industry and the Department of Foreign Affairs have championed the cross-border partnership with STAC-Silicon Valley and its ON3 program. Novare Technologies, SMART Communications and Globe Telecom have led in providing private sector support.

The STAC-SV is a 501c3 non-profit organization that serves as an advisor to the Philippine Government in the to promote entrepreneurship, support R&D investments by DOST and foster innovation.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: angel investors , business plans , digital , startup accelerators , technology , venture capital



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Quezon City cops carry crosses to atone for their sins
  • Tens of thousands travel by sea this Holy Week
  • Police: Dad smothered toddler to play video game
  • 7 killed in shooting in China-Vietnam border
  • Chinese trade group to mediate shoe factory strike
  • Sports

  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • DoH denies Filipino nurse no longer positive for MERS virus
  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Marketplace