Accelerator company Katalyst has postponed its mega startup funding event #Katalyst2015 in the Philippines slated on Friday, November 27.
The company said it decided for the rescheduling to accommodate more participants. The goal is to hold the largest startup funding event in the country.
“We would like to officially announce the rescheduling of #Katalyst2015, slated for November 27, 2015, to February 6, 2016. We’re moving the date of this event, which is aimed at connecting Philippine based startup companies with prospective investors, in order to accommodate a greater turnout on both sides,” Katalyst said in its statement.
The local tech event is targeted at gathering venture capitalists from around the world, and more than 500 of the best startups
Katalyst said it seeks to increase the growth of successful startups by encouraging great ideas and strong financial support.
The company said it will announce final details for the rescheduled event.
“We look forward to the upcoming event in February, as well as closing a record number of investment deals in 2016,” Katalyst added.
Incorporated last July 2015 with $1 million investment fund, Katalyst is focused solely on Filipino-owned enterprises. It is associated with independent investors with the goal of creating new businesses in the country by working with individuals that fund and lend to startups.