Cerebro successfully landed in the top 2 spot during the recently launched startup competition supported by the Department of Trade and Industry – Philippines (DTI).
Dubbed as Venture Pilipinas: The Startup Venture Fund Pitch, DTI’s National Development Company (NDC) aims to provide up to Php 250-million worth of funding and support for innovative Filipino startups who are currently in the Seed up to the Series B stages.
“Venture capital investment is proven to be effective in promoting innovation and growth and generating productivity gains especially for MSMEs and young startups,” Sec. Ramon Lopez of the DTI said, adding that “the DTI will be working closely with the private sector to efficiently and effectively implement the Startup Venture Fund.”
Held during the Philippine Startup Week co-organized by the DTI and QBO Innovation Hub on November 19, the NDC chose 10 finalists from QBO’s Top 100 Startups to vie for the people’s choice award where the three successful winners will receive a six-month e27 premium membership that will give them access to local and foreign investors and venture capital firms.
The people’s choice awardees were market research platform Tangere, eLearning content developer Cerebro, and eCommerce startup Oh My Genie.