Archipelago Labs (A-Labs), a startup accelerator, showcased five tech startups during its ALAB Incubation Program’s inaugural demo day. These startups, handpicked from over 100 applicants nationwide, showcased their novel products and solutions, highlighting their potential to reshape the tech landscape in the Philippines.
A-Labs: Nurturing Filipino Tech Innovations
Founded by the Philippine Digital Assets Exchange (PDAX), Magellan Digital Investment Group (MDIG), and Oak Drive Ventures Inc. (ODVI), A-Labs is dedicated to incubating and investing in the country’s most promising early-stage tech startups. By offering support at a crucial early stage, A-Labs aims to significantly enhance startups’ chances of success. Their comprehensive approach includes investments, advisory services, and structured programs tailored to each startup’s unique needs.
Empowering startups
The inaugural cohort of the ALAB Incubation Program includes:
- Synthillate: A fintech venture that transforms intellectual properties into tangible financial assets.
- Ridge: An AI-driven platform tailored for the food and beverage sector, offering advanced analytics for operational efficiency and profit maximization.
- Gamer Points: An integrated game platform with ad tech, enabling gamers to earn passively as they play.
- Nexhire: A talent marketplace that bridges individuals with the rising demand for next-gen job opportunities.
- Twine: A decentralized, AI-powered social platform that lets users monetize their personalities and control their social interactions.
Each startup stands to gain up to Php1 million in funding from A-Labs and its investor network. Additionally, they receive exclusive membership to the A-Labs Collective, connecting them with a vibrant community of tech entrepreneurs, operators, and investors.
A 12-Week Journey to Demo Day
Demo Day, where each of the five startups presented their ventures to an audience of over 50 investors, marked the end of a rigorous 12-week program where startups benefited from A-Labs’ mentorship, expert advisory, open office sessions, and networking opportunities. These resources were instrumental in refining their business models and strategies.
Lance Pormarejo, Executive Director of A-Labs, expressed the organization’s commitment to nurturing Filipino tech talent. “By equipping tech entrepreneurs with essential resources, guidance, and funding, we aim to foster innovations that will define the future of our local tech scene,” he said.
With the successful conclusion of the ALAB Incubation Program’s first cohort, A-Labs is now accepting applications for its second cohort.