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PhilDev Labs at INSPIRE PH

On April 28, 2018, INSPIRE.PH brought together leaders and changemakers in Entrepreneurship, Start-Up, Tech and Innovation, Cryptocurrencies and the Stock Market at the SMX Convention Center. The event was attended by over 1,000 participants from the tech and investment sectors. It was sponsored by Investagrams, an online platform that provides guidance to users who want to venture into the stock market. It also provides tools that inform and educate users on stock market trading.

PhilDev was part of the INSPIRE.PH event, setting up its own booth to entertain queries from participants who wanted to learn more about PhilDev’s programs and its newly launched PhilDev Labs, a hub for technology and innovation.

Dustin Masancay, Incubator Manager of PhilDev Labs was the panel moderator of the session with venture capitalists and incubators, Unicorns: Finding the Next Billion Dollar Startup. Members of the panel include Butch Meily, President of IDEASPACE/QBO; Artie Lopez, Co-Founder and Startup Coach of Brainsparks; and Jojo Flores, Co-Founder and Chief Operations Officer of Launchgarage.

The discussion mainly focused on the status of startups in the Philippines and what investors look at when investing in startups. The panel members also shared which sectors and local startups excite them most.

“We have started, as an industry, to put up a list together and we think there is between 500-800 startups in the Philippines now. It’s still below the 1000 mark compared to Indonesia’s size, so my point is we are not producing enough. I have to give credit to the government and the private sector who have been pushing the advocacy of bringing Technopreneurship in the country. Hopefully, the number will grow.”  said Butch Meily, President of IDEASPACE/QBO.

Members of the panel also provided practical advice to startup founders and entrepreneurs who wish to build their own startup.

“Since you are a startup founder, you need to look for people who have the same mindset as you, you have to look for people who are just as passionate about solving the problem that you want to solve. And the place for you to find those people is in other startup events. This (Inspire PH) is kind of like one. This is a very investing-centric event but there are a lot of startup founders and entrepreneurs here. So try to be more involved in the community.” said Artie Lopez from Brainsparks.

The panel discussion concluded with a positive tone that reassured startups and aspiring entrepreneurs of the support from different sectors, particularly within the startup community itself.

“We are highly encouraged by the prospects of an improved Philippine startup ecosystem. Thanks to the new programs and players joining to advance our cause. We at PhilDev are happy to play our part through our upcoming programs.” Said Dustin Masancay, Incubator Manager of PhilDev Labs.