Three startups recently won the Mobile Challenge Asia Pacific (MCAP) Philippines 2015 and are advancing to the regional finals in Hawaii next year.
Local advocacy group GoNegosyo of the Philippine Center for Entrepreneurship (PCE), who organized the event, announced the three winning teams, 1Export, Wattsmart, and Croo.
Wattsmart provides a mobile energy monitoring system meant to help households on energy management, while Croo serves as a safety product composed of day-to-day accessories which enable users to trigger an application that will inform their loved ones via SMS if they are in emergency situations.
Both Wattsmart and Croo are startup teams from IdeaSpace Foundation, the incubator and accelerator arm of the MVP Group of Companies.
Organised and launched by J-Seed Ventures, IE Business School, and Applied Innovation Institute last September, MCAP is a regional competition that brings together entrepreneurs from nine Asian countries, including Hawaii, to meet and compete in order to qualify for three places at the GSMA Barcelona Conference World Finals every year. The challenge is to design the best mobile-related applications, software and hardware.
J-Seed Ventures president and CEO Jeffrey Char said 30 teams representing 10 countries in Asia Pacific will compete at the regional finals.
The countries are Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand, and Hawaii.
“We will select the top three winners to represent the Asia Pacific region in Barcelona in February 2016. There they will compete with 20 teams from across 6 regions,” Char said. “There are no cash prizes for the winners – only the experience and bragging rights. However, the participants will be able meet with potential mentors, partners and investors.”
It was required that participating startup teams should have any current Venture-Capital funding of more than $250,000.