Ten promising startups have completed a 10-week accelerator program conducted by 917Ventures in partnership with global venture capital firm and startup accelerator 500 Global. The participants were Capitan, Carsada, EdVenture, FundSpace, Housify, KodeGo, MemoApp, PIE, Rappit, and RUSH.
The program aimed to replicate the successful accelerator experience of Silicon Valley startups by tapping into 500 Global’s expertise, resources, and capacity to support high-potential businesses and expand their opportunities beyond the Philippines. Through the partnership, 917Ventures offered its startups access to 500 Global’s extensive network of mentors, corporate partners, alumni, and proprietary accelerator curriculum and resources.
The participants underwent over 10,000 learning hours, tapping into the expertise and experience of global startup founders via exclusive sharing sessions. They also had one-on-one sessions with mentors to get personalized feedback and guidance on their specific business challenges.
“The 500 Global Accelerator Program has been a huge success, providing our startups with valuable feedback, new partnerships, and a wealth of knowledge to take their businesses to the next level. We are confident that they will continue to grow and thrive in the future, and we cannot wait to see what they will accomplish next,” said Vince Yamat, Managing Director of 917Ventures.
Ee Ling Lim, Executive Director of Market Launch at 500 Global, also shared her excitement about the program results. “Our partnership with 917Ventures has been a fantastic opportunity to support and guide these startups on their journey to success. We are proud to have been a part of their growth and look forward to seeing the impact they will have in the years to come.”
The program resulted in valuable feedback and new partnerships for Capitan, sales strategies for Carsada, insights about customer discovery for EdVenture, product-market fit for FundSpace, sales and supply acquisition strategies for Housify, product market fit for 2023 for KodeGo, frameworks for customer discovery, product development and sales for MemoApp, and valuable learnings that helped PIE focus and simplify its overall approach and mindset to the business. Rappit identified key points for customer conversion, retention, and churn, while RUSH found the program to be a great refresh and reminder of the importance of fundamentals they tend to overlook in the day-to-day activities, and released product enhancement that increased order success rate and fulfillment speed.
917Ventures is the country’s largest corporate venture builder and is set to produce more ideas in the areas of finance, media and entertainment, e-commerce, digital health, and education. It also plans to work with other companies to create new ventures.
