The country’s leading corporate incubator 917Ventures launched a regional venture incubation program for prospective builders and other talents to provide an opportunity of a lifetime to build successful businesses in the areas of e-commerce, fintech, healthtech, and adtech.
This program, called Velocity, aimed to gather the best innovators across Southeast Asia with an initial grant of up to $50,000 (roughly P2.4 million). Talents who made a meaningful product with proven traction will proceed in the venture development journey through a seed round, with the ultimate goal of becoming an independent entity. Only up to 10 finalists will make it to partake in the exclusive program.
The program takes place for three months. The first month will help chosen applicants build their minimally viable product. In contrast, the following two months will help them take their solution to market and refine their value proposition.
The Velocity program is supported by 917Ventures’ resources and expertise on needed areas and backed by Globe.
Velocity will accept applications for the first batch until January 4, 2021. Application details may be found at https://velocity.917ventures.com/.