Plastic-Free Future Philippines is now open for Entrepreneurs, SMEs, and startups with innovations to reduce single-use plastics in Philippines.
Sponsoring Agency: Villgro Philippines
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Less than $50,000
Deadline Date (mm/dd/yyyy): 05/16/2022
Size of the Fund: Not Available
Plastic-Free Future Philippines is now open for Entrepreneurs, SMEs, and startups with innovations to reduce single-use plastics in Philippines.
Over the course of 5 months, 10 selected teams will go through an intensive acceleration program that will support in pilot testing their innovations with F&B partners across the Philippines. The program will also focus on investment-readiness, with a parallel track for investors to understand climate lens investing for early-stage enterprises. Through the program, teams will be able to access up to funding to support their pilots, customized mentorship, peer-to-peer learning opportunities, international exchangers with global innovators, and a demo day to connect with investors and partners in the ecosystem.From the cohort, 5 teams will be selected to pilot their innovations with their F&B partners and gather feedback from end-users. Each team selected to run pilots will receive up to USD 1,500 in funding to support their experiments.Plastic-Free Future Philippines is open to ventures working on these two circularity models:
- Alternatives to conventional plastics made from agricultural waste or byproducts or are home-compostable
- Circular refill and reuse models
Villgro Philippines is an early-stage impact enterprise incubator that mentors, funds, and nurtures entrepreneurs who are building innovative market-based solutions that can transform the lives of the poor. Their incubation and acceleration model is designed to provide highly customized early-stage support that is anchored in access to risk capital, high-quality mentoring, investment readiness and access to talent, networks and markets.
Benefits for Participants
- Direct funding for innovation pilots
- Five of the selected teams will receive up to PHP 75,000 (USD 1,500) indirect funding from Villgro Philippines and their partners to help in validating ideas, refining problem-solution fit, and piloting lean experiments with F&B partners on the ground.
- Pilot support with F&B partners
- Alongside acceleration support provided, 5 teams will be able to pilot their innovations with F&B partners for 2 months. Teams will be able to gather useful customer data and feedback on their innovations, while working closely with F&B partners to achieve sustainability objectives.
- Investment-readiness training
- All 10 teams will receive tailored investment-readiness, working with mentors and experts to build their financial management systems, refine their investment asks, and craft pitch decks. Villgro will also make facilitated introductions to investors and partners who can provide additional support after the program.
Eligibility Criteria
- This program is open to teams that already have existing MVPs and have done some early validation on their solutions. If you are in the midst of creating your first MVP or just about to build your MVP, but have already done preliminary validation exercises, you are welcome to apply to the program.
- Teams duly registered with DTI or SEC are preferred, but non-registered teams are still eligible to apply for the program, provided they make a commitment to register their companies within the duration of the program.
They are looking for:
- Entrepreneurs, SMEs, and startups with innovations to reduce single-use plastics
- Teams with operations in the Philippines
- Teams with an MVP for their product or service.
More information at: http://villgrophilippines.org/pffp/
Eligible Countries:
Philippines
Business Categories:
Entrepreneurship and Innovation, Business, Environment, Small and Medium Enterprises, Food Industry
