A new startup incubator in the Philippines called StartUp Village was launched over the weekend geared to provide needed resources for new firms to succeed.
StartUp Village founder and entrepreneurship professor Jay Bernardo led the formal unveiling of the new facility at the Alphaland City Club, located in the Makati financial district, and aims to make it a one-stop startup incubator services company.
StartUp Village is a latest program of the LET’S GO Foundation (Leading Entrepreneurs Towards Sensing Global Opportunities), a non-profit, non stock organization that Bernardo founded in 2001 in a bid to support small and medium scale entrepreneurs.
“We believe that this will open new avenues for the development of innovative entrepreneurs that come up with game-changing products and services,” StartUp Village said in its statement. “This could create meaningful impact towards achieving our objective of discovering new opportunities and expanding startups in a global scale.”
Currently, StartUp Village has 10 startup companies in its portfolio. The new incubator and accelerator is composed of experienced academicians, practitioners, startup founders and business gurus that guide startups through a tried and tested process.
In an interaction with DEALSTREETASIA, StartUp Village general manager Carlo Calimon said the startup space in the Philippines has a lot of potential and opportunity to grow, and all it needed was a lot of support from the various players.
“My role is to make sure that the startups have all the resources they need in order to grow. As we say, it takes a village to grow a startup. As such, we all have to work together and collaborate to help this space because the next big thing will come from here,” Calimon said.
Calimon is LET’s GO Foundation’s executive director and founder of fintech startup TheKard, maker of the MobKard App which provides digital privilege card services or mobile card offerings for customers.
Bernardo, meanwhile, is also the chairman and CEO of Freyo, a local startup company launched in 2015 and is engaged in digital newsstand business.
StartUp Village has now also joined the latest string of startup enablers that recently emerged in the Philippines, namely La French Tech Philippines, WeCube Inc, AIM-Dado Banatao Incubator, QBO Innovation Hub, and StartupPH
Silicon Valley-based seed fund and early stage startup accelerator 500 Startups expressed interest in launching of a local microfund that coul possibly happen this new year.