{"id":55296,"date":"2023-04-17T10:52:00","date_gmt":"2023-04-17T02:52:00","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=55296"},"modified":"2023-04-17T11:09:42","modified_gmt":"2023-04-17T03:09:42","slug":"ideaspace-investments-appointed-as-a-co-investment-partner-of-startup-venture-fund","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2023\/04\/17\/ideaspace-investments-appointed-as-a-co-investment-partner-of-startup-venture-fund\/","title":{"rendered":"IdeaSpace Investments appointed as a co-investment partner of Startup Venture Fund"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>IdeaSpace Foundation (IdeaSpace), the MVP Group\u2019s startup accelerator, through its venture capital arm, IdeaSpace Investments, announced its appointment as a Co-Investment Partner (CIP) of the Startup Venture Fund (SVF), the Philippine government\u2019s most recent initiative to support the continued growth of the Philippines startup ecosystem. Overseen by the National Development Company (NDC), the SVF has been allocated P500 million to be invested in the country\u2019s most promising tech startups, alongside a pool of accredited CIPs.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following its accreditation, IdeaSpace Foundation will work closely with the SVF to co-invest in innovative, high-growth tech ventures from around the country, as part of its mission to scale the Philippine startup ecosystem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking at&nbsp;<em>Synapse,&nbsp;<\/em>an event hosted by NDC for SVF partners<em>,&nbsp;<\/em>Katrina Rausa Chan,&nbsp;Executive Director at IdeaSpace, hailed the SVF as a critical driver for growing the Philippine Startup Ecosystem. \u201cGovernment investment can be a powerful catalyst for the startup sector, as we\u2019ve seen in some of the world\u2019s most successful ecosystems such as Israel, Singapore, China and the US. We believe the SVF will likewise provide highly impactful capital investment and support to startups, that will in turn increase the Philippines\u2019 competitiveness.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIdeaSpace has always been a strong believer in public-private partnerships. We worked closely with the government in launching QBO Innovation Hub in 2016 that had a tremendous impact, and we\u2019re honored to have the opportunity to take this collaboration a step further, as a co-investment partner of the SVF,\u201d Chan adds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IdeaSpace Investments boasts early access to a pipeline of high-potential, early stage&nbsp;startups in the Philippines through its accelerator programs and strong partnerships with key ecosystem stakeholders. Leveraging this unique vantage point and the recent appointment as an SVF CIP, IdeaSpace Investments is positioned to continue providing much-needed capital to startups from pre-seed to Series A stage, spanning a broad range of high-growth sectors; including Agri-tech, Ed-tech, Property tech, SME enablement, B2B Enterprise SaaS, HR and the Future of Work and infrastructure and logistics, among many others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since IdeaSpace Foundation&#8217;s inception in 2012, it has been scaling, exploring synergies with and investing in tech-enabled startups. At present, its portfolio startups include local tech heroes such as Flowerstore, Mosaic, Mayani, ChatGenie, 1Export, Packworks, Prosperna, Humble Sustainability, Qwikwire, and Wela School Systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis accreditation represents real monetary value to our pipeline of prospective startup&nbsp;investees that are pitching for funding this year and into the future. We\u2019re excited to be&nbsp;joining this pool of exceptional investors in our joint mission to accelerate the takeoff of the Philippines startup ecosystem and discover and develop the next Filipino tech giants,\u201d said Ben Alderson, Head of Investments at IdeaSpace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overseen by the National Development Company (NDC), the SVF has been allocated P500 million to be invested in the country\u2019s most promising tech startups, alongside a pool of accredited CIPs.<\/p>\n","protected":false},"author":6,"featured_media":55297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1600,96,2727,1656],"class_list":["post-55296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-ideaspace","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=55296"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/55297"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=55296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=55296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=55296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}