After completing a 10-week accelerator program conducted by 917Ventures in partnership with global venture capital firms and Startup Accelerator 500 Global, all 10 promising startups are ready for the next phase of growth and scale.
The participating companies are Capitan, Carsada, EdVenture, FundSpace, Housify, KodeGo, MemoApp, PIE, Rappit, and RUSH.
The program replicates the successful experience of Silicon Valley’s startup accelerators by leveraging 500 Global’s expertise, resources and capabilities to support high potential businesses and expand their opportunities beyond the Philippines. It was intended to
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Through this partnership, corporate venture builder 917Ventures was able to provide startups with access to 500 Global’s extensive network of mentors, corporate partners, alumni, and unique accelerator curricula and resources.
917Ventures Managing Director Vince Yamat said: “We are confident they will continue to grow and thrive in the future and can’t wait to see what they achieve next.”
mentorship
Participants received over 10,000 hours of learning time and leveraged the expertise and experience of global startup founders through exclusive shared sessions. I also got the chance to get personalized feedback and guidance on specific business challenges in her one-on-one sessions with mentors.
“Partnering with 917Ventures was a great opportunity to support and guide these startups on their journey to success,” said Ee Ling Lim, Executive Director of Market Launches at 500 Global.
Through this program, Capitan received valuable client feedback and testimonials, and ideas for new partnerships to roll out soon.
Carsada, a one-stop shop for used cars, conducted weekly customer discovery sessions to base their sales strategies, and EdVenture, an online tutorial service, provided insights on customer discovery, identifying pain points, and measuring the right metrics. rice field.
coding
FundSpace, a business loan provider, applied information on product and market fit and a framework on customer profiles and customer journeys. Housify conducted weekly customer discovery sessions. This provided the basis for a sales and supply acquisition strategy, and applying customer insights he won two sales offers.
Coding boot camp KodeGo was able to pivot, find the right product market for 2023, and streamline a healthy and effective tactical project. Template-based memo system MemoApp received the customer discovery, product development, and sales framework it needs to develop its monetization and freemium model this quarter.
venture builder
Our new innovative television and digital channel, PIE, short for Pinoy Interactive Entertainment, has learned valuable lessons that help us focus and simplify our overall approach and mindset to our business.
Online grocer Rappit identified the key points of customer conversion, retention and churn, overhauled its current communication design, and restructured its scheduling, creative, and overall messaging.
RUSH, an end-to-end e-commerce platform provider, found the program to be a great refresher and reminder of the importance of basics that are often overlooked in day-to-day activities, improving order success rates and fulfillment. Released product enhancements that improve speed.
917Ventures creates startups from concept and development to growth and expansion. The company’s accelerator program was in line with the company’s plans for this year to explore new areas of climate technology and focus on digital transformation to help small businesses recover and grow.
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