For the first time ever, MVP Group’s startup accelerator Ideaspace Ventures made immediate investments to five new startups. 

Startup accelerator Ideaspace Ventures has announced that five new startups have been added to its portfolio. The company is the startup accelerator arm of the MVP Group of Companies. 

The addition of the new startups is part of the 12th cohort of its flagship accelerator program, which has a theme “Resilient Founders: Game-Changing Ventures.”

“We are thrilled to welcome the Cohort 12 startups into the Ideaspace family,” said Ideaspace Ventures President Rene “Butch” Meily.

“The strength of our network, which connects founders, mentors, and the broader MVP group, will undoubtedly drive us to greater heights,” Meily added. 

The Five New Startups Added 

The five new startups added to Ideaspace’s portfolio have received immediate investments from the startup accelerator. This is a first for Ideaspace, and this move signifies its commitment to the startups’ growth. 

The five newly added startups are as follows:

• Collo – a startup that focuses on improving and simplifying property management
• Flying Tigers Express – a logistics startup that offers same or next-day, door-to-door, island-to-island express delivery
• Itemcount – a startup that seeks to help businesses by simplifying inventory-keeping
• Remotify – a startup that focuses on transforming remote work management
• Swiftclaims – a startup that aims to improve Philhealth insurance claims processing for Philippine healthcare institutions

These startups will receive mentorship on business operations, as well as guidance on fundraising strategies. They will also gain insights into effective marketing and sales tactics.

Ideaspace Accelerator Program

The Ideaspace Accelerator Program, which began in 2012, aims to address the funding gap that startups have to face in the country. In fact, a recent Gobi-Core Philippine Fund report showed that 57% of founders believe local startups “greatly lack” funding opportunities.  In addition, the report noted that there was a 40% decline in investments in 2023.

The accelerator program, which started in 2012, has supported over 700 startups and accelerated more than 250 businesses since its inception. The current 13-week accelerator program will culminate in a Demo Day, which will take place during Philippine Startup Week 2024 (PHSW24) in November.