ICT Office Deputy Executive Director for eInnovation, Monchito Ibrahim.
The Philippines' Information and Communications Technology Office of the Department of Science and Technology (DOST-ICT Office) and the Philippine Software Industry Association (PSIA) recently launched the third edition of the Philippine Startup Challenge, and in corporation with Intel Philippines.
The competition aims to encourage youth to develop and promote bolder, more creative and socially relevant technological innovations that could solve real life challenges.
In light of the buzz around the Internet of Things (IoT), this year's competition will include a new IoT track as it is "an emerging trend that innovators, especially the youth can explore to create relevant technology," said ICT Office Deputy Executive Director for eInnovation, Monchito Ibrahim.
Calum Chisholm, Intel Philippines Country Manager, added: "IoT presents a huge opportunity for aspiring inventors as it touches almost everything in our lives. Intel is committed to supporting innovation in this space and look forward to the entries that have the potential to transform experiences across industries and society."
In preparation for the challenge, the organisers will be hosting a bootcamp series together with Intel Philippines to empower college instructors and professors, who will act as mentors of participating student teams in the competition.
Lean Startup 101 and IoT Bootcamps will be conducted in various locations across the Philippines. This two-day bootcamp will cover topics on developing startup ideas, creating viable business models, best practices in effectively operating a tech startup as well as basics on building IoT solutions.
The bootcamp will be held in Bacolod City on 20 and 21 May; Metro Manila on 27 and 28 May; Baguio City on 10 and 11 June; and General Santos City on 24 and 25 June.
College educators who participate in the bootcamp will then be encouraged to form student teams that will represent their respective academic institutions. The teams will include four members; three students and one faculty adviser.
To join the competition, teams are required to submit a five-minute video pitch presentation about their idea. Thereafter, 10 teams will be selected for further mentoring sessions. The finalists will be given a chance to pitch their startup ideas to a panel of judges consisting of local startup experts during the Philippine Startup National Finals. For IoT Entries, Intel Philippines will be selecting 20 entries, who will be receiving Galileo boards which they can use in developing their innovations.
Winners of the challenge will get a chance to be part of PSIA-SPRING.ph's LaunchPad programme and be mentored by prominent names in the Philippine startup scene. They will also be given access to valuable networks within the country's startup ecosystem, which could lead them to future partnerships and collaborations. Meanwhile, IoT winners will receive valuable mentoring opportunities supported by Intel Philippines.
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