To qualify, the startup must meet the following entry qualifications:
Potential for Social Impact and Scale. We are looking for inclusive and innovative solutions to our country’s most pressing challenges and the 17 Sustainable Development Goals. The SEs must clearly present a business strategy and execution plan anchored on its desired impact targets, and adopt innovative use of technologies into its core business and operations.
Technology Readiness. SEs must have at least a minimum viable product or an early product demonstrating a strong core technology and innovation.
Validated Business Model With Some Revenue or Traction:
B2B: have undergone product-market validation by at least 2 confirmed clients, letter of intents, POC’s or booked sales.
B2C: Annual revenues of at least $10K.
Established Operations: The company must already be legally registered as a corporation under the Securities and Exchange Commission (SEC). If the business is currently registered under DTI, the company must agree to convert into corporation within the program duration. Company must have at least 1 year of operations.
Full-time Commitment: The team must be composed of at least two (2) full-time founders. At least one (1) founder must have rigorous science/ engineering/ technical expertise and at least one (1) founder must have market and business development expertise. The company CEO must be full-time.
Deep Insights: Founders must show proof of engagement with its beneficiaries or customers and possess a deep understanding of their needs.
Ability to Execute: Founders must have demonstrated ability and persistence to build and develop strong teams, products and successful business. *Founders are defined to be the entrepreneurs or the members of the group who takes the initiative to set up the venture, have active interest in the company and with at least 10% ownership of the company. Full time commitment requires minimum of 40 hours per week spent on the startup.