Archipelago Labs spotlights five startups at ALAB’s debut demo day

POPULAR POST

CryptoBilis presents ‘Bitcoin Pizza Day 2024’ in collaboration with...

An event to bring to-gather all fragmented cryptocurrency communities in the Philippines under one roof.

Olympus acceleration platform opens global launchpad for Filipino Web3...

The DFINITY Foundation (DFINITY), a Swiss not-for-profit research and development organization and key contributor to the Internet Computer Protocol (ICP) blockchain, has announced the launch of the Olympus, the first decentralized, on-chain global acceleration platform. 

Parallel TCG Planetfall, A Week After Its Release

The long-awaited expansion to the hit web3 space sci-fi TCG (Trading Card Game), Parallel, Planetfall has launched May 1 and it has been a week since it hit the virtual shelves. Let's see how it has fared on its first week from the perspective of the Parallel TCG players themselves.

Coins.ph’s PHPC Stablecoin Receives BSP Approval, a Game-Changer for...

In a groundbreaking development for the digital asset and fintech industry of the Philippines, Coins.ph, the leading cryptocurrency exchange in the country, announced it...

Illuvium launches Beta 4 with a $25M USD Airdrop...

Illuvium launches their Beta 4 with a $25M USD Airdrop Campaign

Coins.ph, XD Academy Team Up to Bring Global Bitcoin...

In a significant move to raise the bar for crypto education in the Philippines and widen access to innovative web3 learning tools, Coins.ph, the leading crypto exchange in the country, has joined forces with XD Academy, a global pioneer in web3 and cryptocurrency learning and certification.

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:

  1. Synthillate: A fintech venture that transforms intellectual properties into tangible financial assets.
  2. Ridge: An AI-driven platform tailored for the food and beverage sector, offering advanced analytics for operational efficiency and profit maximization.
  3. Gamer Points: An integrated game platform with ad tech, enabling gamers to earn passively as they play.
  4. Nexhire: A talent marketplace that bridges individuals with the rising demand for next-gen job opportunities.
  5. 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.

Subscribe to our newsletter

Its easy to be smart about crypto, allow us to send you weekly updates on digital assets, crypto, NFTs and fintech.

WANT TO KNOW MORE?

CryptoBilis presents ‘Bitcoin Pizza Day 2024’ in collaboration with Satoshi Labs...

An event to bring to-gather all fragmented cryptocurrency communities in the Philippines under one roof.

Olympus acceleration platform opens global launchpad for Filipino Web3 startups 

The DFINITY Foundation (DFINITY), a Swiss not-for-profit research and development organization and key contributor to the Internet Computer Protocol (ICP) blockchain, has announced the launch of the Olympus, the first decentralized, on-chain global acceleration platform. 

Parallel TCG Planetfall, A Week After Its Release

The long-awaited expansion to the hit web3 space sci-fi TCG (Trading Card Game), Parallel, Planetfall has launched May 1 and it has been a week since it hit the virtual shelves. Let's see how it has fared on its first week from the perspective of the Parallel TCG players themselves.

Illuvium launches Beta 4 with a $25M USD Airdrop Campaign

Illuvium launches their Beta 4 with a $25M USD Airdrop Campaign

Coins.ph, XD Academy Team Up to Bring Global Bitcoin Course to...

In a significant move to raise the bar for crypto education in the Philippines and widen access to innovative web3 learning tools, Coins.ph, the leading crypto exchange in the country, has joined forces with XD Academy, a global pioneer in web3 and cryptocurrency learning and certification.