Accelerating Development, Valuation, and Corporate Entrepreneurship
ADVANCE is an acceleration program for growth-stage tech startups that aims to assist startups progress through scaling up business operations and enable them to deliver products and services that will address strategic societal needs. The program is co-implemented by the Department of Trade and Industry and PhilDev Foundation through PhilDev LABS.
Who can apply?
We're looking for growth-stage startups with the following qualifications
Growth and Expansion-stage tech startups
With at least PHP 1,000,000 annual revenue
Aligned to the Philippine Development Plan's Strategic Programs
- Health system improvement
- Food security and resiliency
- Learning continuity
- Digital transformation
- Regional development
DTI, SEC, & BIR-registered
At least 60% of founders are Filipino
Based and operating in the Philippines for at least one (1) year
With at least 2 founders committed to the program
What will selected startups get?
Access these opportunities for your startup
Weekly Check-ins
We will conduct weekly check-ins with your startup to not only determine your needs but also see your progress over the course of the project.
Masterclasses
Your startup will participate in a series of learning sessions, in the form of masterclasses, that focus on refining business models and impact strategies and improving their organization capacity.
Mentorship
You will be assigned to an industry expert from PhilDev's wide network who will mentor you in improving your business knowledge and skills.
Support Services
Your startup will receive legal and financial management support to streamline your business operations.
Communication & Marketing Support
Your startup will receive technical assistance on communications and strategic marketing to increase competitive advantage.
Market and Investment-Readiness Assessments
Get valuable insights about your startup's market and investment-readiness based on the assessment tools developed by PhilDev.
Networking & Community Events
You will have the opportunity to participate in networking events to connect the wider startup community.
Public Relations Support
We will create publicity materials to help you promote your products and services, increasing your reach for potential customers, partners, and investors.
Investor Relations
You will be assisted by PhilDev in connecting to funders within the duration of the program.
Demo Day
You will have the opportunity to participate in an exclusive Demo Day and pitch your startup to investors and creditors.
ADVANCE Acceleration Journey
Here's how your acceleration journey will look like
Pre-Acceleration Phase
December 29, 2021 – February 18, 2022*
Activities
Call for Applications
Due Diligence
Pitching Round
Onboarding of Cohort
Investment-readiness Evaluation
Acceleration Phase
February 16, 2022 – May 27, 2022*
Activities
Weekly Check-ins
Masterclasses
Mentorship
Support Services
Public Relations Support
Investor Relations
Post-Acceleration Phase
May 30, 2022 – June 09, 2022*
Activities
Networking & Community Events
Demo Day
*Dates are subject to change
Startup Ecosystem Partners
Media Partners
FREQUENTLY ASKED QUESTIONS
Got Questions?
Lucky for you, no. We will provide you with dedicated support, world-class mentorship, and access to our global network of funders and partners without any cost.
No, we will not be providing any funding to the startups in the program. We will however, provide you with support to be investment-ready by the end of the program and schedule opportunities to meet with investors and banks.
The acceleration program (including post-acceleration services) will run from January 24 to March 15, 2022*.
*Dates are subject to change
Yes, your startup can still join provided that at least two (2) founders are committed to attend and participate all activities in the ADVANCE Acceleration program.
In the ADVANCE Acceleration program, participating startups will undergo market-readiness assessments which reviews if a startup is ready to go to market with useful, useable and used outputs.
Investment-readiness is defined as the extent to which an investee is perceived as investment-attractive or investable by an appropriate investor. Investment readiness is subjective and varies across investors based on their priorities, interests, risk perception, risk tolerance, and other factors.
In the program, we will be conducting assessments which will determine your startup’s investment-readiness.
Source: Hanson, K. (2016). Investment Readiness: What Does It Take to Jump the Finance Hurdle?. The Urban Institute. Independent Sector. Retrieved from: https://independentsector.org/resource/investment-readiness-what-does-it-take-to-jump-the-finance-hurdle/
Growth-stage startups have proven their product in the market and have secured financing. They’re in the process of growing and trying to scale, but are encountering some obstacles to that growth. The focus here isn’t on pure innovation, but expanding on what’s already working for the business. (The Hollines Group)
For further inquiries about the ADVANCE acceleration program or potential partnerships, send us an email through vince@phildev.org
Contact Us
If you have any questions about our organization, our scholarships, or our programs, Send us a note, we’d love to hear from you.