Mylo, BCRemit, PAMMÉ win ARISE Plus accelerator programme in Philippines

Mylo, BCRemit, PAMMÉ win ARISE Plus accelerator programme in Philippines

Mylo Speech Buddy, BCRemit, and PAMMÉ have been announced as the cohort 3 winners of the ARISE Plus Ye! Boost Accelerator Program at its recently concluded Demo Day in Taguig City in the Philippines.

Launched in 2021, ARISE Plus Ye! Boost Accelerator is a 14-week programme providing internationalisation support to youth-led startups. It is funded by the European Union (EU) and led by the International Trade Centre (ITC) in partnership with the Department of Trade and Industry – Competitiveness Innovation Group (DTI-CIG) and QBO Innovation.

Also Read: QBO partners with e27 for Startup Venture Fund Pitch

Mylo Speech Buddy, a speech development app for children with autism and speech delays, won first place and secured a US$2,500 pitch prize.

BCRemit, a London-based fintech company that empowers Overseas Filipino Workers (OFWs) with efficient money transfers, was awarded second place and received a US$1,500 grant.

PAMMÉ, a fashion brand that crafts sustainable accessories from recycled plastic made by women deprived of liberty, came third with a US$1,000 pitch prize.

In addition to the cash prizes, the programme will also provide the winners with opportunities to build stronger networks with EU partners and investors to support their global market expansion.

Other participants of the ARISE Plus Ye! Boost Accelerator Program Cohort 3 are:

Capilli: a social enterprise creating eco-friendly products from upcycled human hair waste

Hibla Philippines: a social enterprise preserving Philippine weaving traditions

IndieCo: an SEO company blending human creativity with AI for business content

Nama Urban Farms: an urban agriculture startup cultivating nutritious produce

Nutricoach Inc.: a platform aiding dietitians in building and scaling nutrition clinics

Also Read: How Mylo Speech enhances speech therapy accessibility for autistic children in the Philippines

Prezenter: a company that simplifies presentations in under 10 seconds, helping teachers put their lessons on Smart TVs

Reelist8: a proptech x Shoppertainment marketplace for real estate transactions

REPAMANA: a circular fashion brand repurposing hotel textiles into new garments

TERPCAP Inc.: an accessibility solutions provider for inclusive workplaces.

Separately, the DTI, in partnership with the EU and ITC, has unveiled a comprehensive mapping report to identify and leverage growth opportunities for young Filipino entrepreneurs and ecosystem actors, such as Technology Business Incubators (TBIs).

The report titled ‘Entrepreneurship Ecosystem in the Philippines – Network Analysis and Mapping of Institutions Supporting Youth Entrepreneurship’ aims to foster an inclusive environment where young entrepreneurs can thrive, innovate, and contribute to sustained economic development.

The report’s recommendations include creating a TBI info-sharing network to streamline access to relevant updates and content, establishing a country guide to support services for entrepreneurs, and expanding support beyond the tech sector.

Also Read: The rising tide: The Philippines’ thriving startup ecosystem and strong support

The Philippine startup ecosystem has shown continuous growth despite the challenges posed by the COVID-19 pandemic. In 2021, the country ranked 52nd globally, with thriving industries including fintech (19 per cent), e-commerce (7 per cent), education and healthcare (5.2 per cent), and agriculture (3.1 per cent).

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