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Discover the future of creative entrepreneurship as DTI spotlights the top 5 startup finalists, each with a unique vision and potential to make waves in the industry.

PRESS RELEASE

DTI unveils top 5 startup finalists of ADVanCE for Creatives Program

Philippines – The Department of Trade and Industry (DTI) has officially announced the top five startup finalists for the Accelerating Development, Valuation, and Corporate Entrepreneurship (ADVanCE) for Creatives Program on March 21, 2024, at the Launchgarage Innovation Hub in Quezon City.

Selected from an initial pool of eight growth-stage startups, the top five finalists underwent assessments focused on organizational capacity, business maturity, and readiness levels. In these sessions, DTI and Launchgarage evaluated each startup based on its product status, team dynamics, future objectives, and challenges, concentrating on how the program could support its growth. This ensured that the chosen finalists were not only well-prepared to navigate forthcoming challenges but were also positioned to make a significant impact on the creative sector through their innovative and scalable solutions.

The top five finalists are AniMattify, a startup transforming print ads into animations; KikoMonster Creative Studio, providing creative solutions from Zamboanga; Bihasa, merging instructional design with production for learning videos; ROC PH Digital Marketing Services, assisting businesses and professionals through website management, digital marketing consultation, creative design, and strategy implementation; and Bentamo, a tech startup showcasing creative Filipino brands. The finalists will undergo intensive training based on the specific interventions identified during the needs assessment.

The ADVanCE for Creatives program, launched on December 5, 2023, aligns with the visions outlined in the Innovative Startup Act (ISA) and the Philippine Creative Industries Development Act (PCIDA). This initiative underscores DTI’s commitment to fostering entrepreneurship and economic growth in the Philippines.

DTI Undersecretary for Competitiveness and Innovation Group Rafaelita M. Aldaba commended the selected startups, emphasizing DTI’s dedication to supporting their growth. “We extend our heartfelt congratulations to the top five startup finalists of the ADVanCE for Creatives program,” said Usec. Aldaba. “DTI is proud to support the development of these promising startups as they contribute to the advancement of the Philippine Creative Industries.”

The finalists will benefit from comprehensive training through a series of learning workshops, mentorship from industry experts, and customized business matching and acceleration programs. The program will culminate in a demo day in April, providing an opportunity for the startups to showcase their progress and attract potential partners and investors.

In addition to ADVanCE, DTI previously unveiled ten select creative startups and enterprises for the Incubation, Development, and Entrepreneurial Assistance (IDEA) program, further bolstering the Philippine Creative Industries.The selected startups for IDEA are Wika, 7×7 Development Corporation, MVRK Simulations, Pamitisan Shoe Shop, Transcend Studios Inc., Kwentoon, Carisle Media Corporation, Produkto PH, DND Denim N’ Denim, and Brave Story.

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About Department of Trade and Industry – Competitiveness and Innovation Group

The Department of Trade and Industry – Competitiveness and Innovation Group (DTI-CIG) is a functional group within the Philippine Department of Trade and Industry (DTI) responsible for promoting competitiveness and innovation in various sectors of the Philippine economy. The Competitiveness and Innovation Group (CIG) was established in support of Agenda 3 of the President’s 0+10 socio-economic agenda to increase competitiveness and ease of doing business. It works to enhance the country’s economic growth and global competitiveness by implementing programs and initiatives that support innovation, entrepreneurship, and the development of industries.

ABOUT IDEA

In alignment with the vision of ISA and PCIDA, the Incubation, Development, and Entrepreneurial Assistance (IDEA) for Creatives Program generally aims to promote and support the development of the Philippine Creative Industries by enhancing the entrepreneurial capacity and readiness of a total of 10 Philippine early-stage creative startups and enterprises. Early-stage startups that are operating in the Philippines with a minimum viable product, registered or in the process of registration to the Securities and Exchange Commission (SEC) or DTI, with 60% of its founders Filipino, and with at least two founders committed to the IDEA program, are eligible to apply.

ABOUT ADVanCE

The Accelerating Development, Valuation, and Corporate Entrepreneurship (ADVanCE) for Creatives Program focuses on improving the capacity, scalability, and competitiveness of 5 Philippine growth-stage creative startups through intensive training based on the specific interventions identified from the needs assessment. To be eligible, startups should be in their growth and expansion stage and are based in the country with at least two years of operations with revenue, SEC or DTI-registered, with 60% of its founders Filipino, and with at least two founders committed to the ADVanCE program.

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Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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