The Philippine Software Industry Association (PSIA) and Department of Science and Technology ICT Office (DOST-ICTO) successfully concluded the first Philippine Startup Challenge (PSC) on Friday night. 20 teams from different colleges nationwide participated in it.
PSIA program manager Karen Reyes said three of the five winning teams were from Ateneo De Davao University namely: NoSemicolon, Gecko, and WiseGeeks. The two other winners were Technovators from University of San Jose–Recoletos in Cebu, and Intern Ship from University of the East in Manila.
Reyes said all winners will undergo a series of mentoring session with HP, Microsoft, Vibal Group, and local startup incubators IdeaSpace Foundation Inc and PSIA-Spring.ph.
Launched in August of this year, the competing teams underwent a series of startup bootcamps among IT and computer sciences teachers to equip them with the basic methods and principles of building a startup.
According to PSIA, the nationwide startup competition among college students is meant to inspire the youth to jumpstart innovative technology ideas that can address today’s relevant issues as well as to promote the spirit of entrepreneurship among students.
PSIA president Joey Gurango said the PSC competition is part of the association’s target of developing at least 50 startup companies by end of 2014 and develop 10 globally recognized startups earning a total of $ one million in revenue by 2016.
Besides Ideaspace, Microsoft, and Vibal Group, the first PSC competition was supported by the Philippine Society of IT Educators (PSITE), the National ICT Confederation of the Philippines (NICP), and with the collaboration of IBM Philippines.