New incubator company Katalyst.ph aims to hold the largest startup funding event in the Philippines on November 27, 2015.
Dubbed #Katalyst2015, the local tech event will gather venture capitalists from around the world, and more than 500 of the best startups at the Palace Pool Club in Bonifacio Global City seeking to increase the growth of successful startups by encouraging great ideas and strong financial support.
“Our team believes that the Philippines is the home of amazing startups that deserve their big breaks. We just want to hasten the process and cut to the chase!” said Katalyst.ph managing partner Joe Maristela.
Katalyst.ph was incorporated last July associated with independent investors with the goal of creating new businesses in the country by working with individuals that fund and lend to startups and connecting them with startups.
Only last August 20, the Philippine government launched its first ever tech startup roadmap called “The Philippine Roadmap for Digital Startups”. It targets to achieve at least 500 Philippine startups with a cumulative valuation of $2 billion, resulting to 8,500 high-skilled jobs created; 1,250 startup founders; 15,166,684 users acquired; and 719,737 paying customers – by the year 2020.
Also last July, startup accelerator and incubator IdeaSpace Foundation and various government departments launched the Innovation Hub, which is patterned after successful innovation districts such as as Silicon Valley in the US, Block 71 in Singapore, and MaGIC in Malaysia.
Innovation Hub was launched simultaneously with the conduct of SlingshotMNL event, a new startup conference designed to be held yearly which was conceptualized together by the Philippine government, local startup community, and Asia-Pacific Economic Cooperation (APEC) .
Organized by the Department of Trade and Industry (DTI), SlingshotMNL is in line with with its advocacy to bring small businesses in the front and center of global and regional trade.