Scale

A program on building resilient and sustainable tech businesses

Background

Armed with a mission to shape the Philippine startup economy, the Scale program is an initiative among government entities and recognized companies in the country. PwC Philippines, the Management Association of the Philippines (MAP), QBO Innovation Hub, the Department of Trade and Industry (DTI), Foxmont Capital Partners, and other partners seek to develop promising startups across various industries through a process of mentorship and advisory.

Objectives

The Scale program aims to:

develop startups with the potential to drive the country’s economy forward
attract investors and business partners to the Philippine economy
showcase tech-driven solutions
help boost innovation across several industries.

Intended participants

Startups looking to grow and want to scale
Corporates that are shaping the digital future of their organizations and are open to working with startups
Strategic investors who are looking for promising and sustainable startups

Our partners

Established in 1950, the Management Association of the Philippines (MAP) envisions to be the leading organization committed to promote management excellence for nation-building. MAP is led by a diverse group of people with years of experience and expertise in their own fields.

Since 2016, QBO has been actively helping startups to succeed, developing the PH startup ecosystem and forwarding tech and innovation. QBO is committed to creating a globally competitive startup ecosystem in the Philippines through dynamic collaboration of talents, mentors, investors and other stakeholders.

Founded in 2018, Foxmont Capital Partners is a Philippine-focused venture capital fund that invests in early stage, tech-driven, and scalable startups in e-commerce, fintech, health tech and others.

The DTI is responsible for realizing the country's goal of globally competitive and innovative industry and services sector that contribute to inclusive growth and employment generation.

Mentoring
Networking
Developing

Mentoring

Deal process
Valuation
Controls and structuring
Technology

Networking

Exposure to experienced companies and organizations
Sessions with industry experts and recognized individuals
Engagement with other startups in different industries

Developing

Knowledge
Knowledgeable on various business processes from company valuation, data analytics to ESG and sustainability
Readiness
Ready to face investors and present their ideas with confidence
Capabilities
Capable of handling company-wide decisions amid the changing environment and economy
Insights
Insightful in planning for the long term considering all stakeholders

Criteria

Startups who meet at least three of the criteria are qualified to join the program:

The company must be registered with the Securities and Exchange Commission (SEC) and Bureau of Internal Revenue.
The company has been operating for at least five years in the Philippines.
The company has accumulated revenues of at least PHP50 million for the past three years.
The company brings new and innovative technology-based products and services to the market.
The company operates in the following sectors:
- Agriculture
- Artificial intelligence
- Education technology
- Financial technology
- Food
- Healthcare
- Insurance technology
- Supply chain management and logistics
- Climate change, environmental and sustainable development