14 August 2023, Manila, Philippines — Archipelago Labs (A-Labs), a Philippines-based startup accelerator, featured five promising tech startups during the first demo day of its ALAB Incubation Program. The portfolio companies showcased their innovative products, solutions, and high growth potential to investors, mentors, media, and key ecosystem players.

The five early-stage startups were selected from over 100 applicants across the Philippines, and have an opportunity to receive up to P1 million in startup funding from A-Labs and its extensive investor network, along with an exclusive membership to A-Labs Collective, the startup accelerator’s network of tech startup entrepreneurs, operators, and investors.

The first cohort of startups who completed the ALAB Incubation Program are Synthillate, a fintech startup that converts intellectual properties into financial assets; Ridge, a plug-and-play artificial intelligence (AI) platform that empowers the food and beverage industry to leverage advanced analytics for operational efficiency, optimized menu and promotions, and maximized profits; Gamer Points, an ad tech integrated game platform that allows gamers to passively earn while playing video games; Nexhire, a community-driven talent marketplace that connects individuals with the surging demand for next-gen jobs; and Twine, an AI-powered decentralized social layer that allows its users to monetize their personalities and own their social circles.

The Demo Day marked the culmination of the 12-week program, wherein participants had access to A-Labs’ mentorship and expert advisory, open office sessions, and networking opportunities that helped refine their business models based on their respective stages of development. Moreover, the Demo Day is participated by more than 50 investors.

With A-Labs’ comprehensive incubation and acceleration efforts, the ALAB program, which commenced in May 2023, has provided startups with in-depth assistance and advisory support.

Lance Pormarejo, Executive Director of A-Labs, emphasized the need to support Filipino founders in shaping the future through innovation.

“By providing aspiring tech entrepreneurs with the necessary resources, guidance, and funding, we aim to cultivate groundbreaking innovations that will shape the future of the local tech industry,” Pormarejo said.

As it continues its mission to scale homegrown startups, A-Labs has opened the application for its ALAB Accelerator Program Cohort 2.

“Archipelago Labs is committed to fostering a vibrant entrepreneurial ecosystem in the Philippines, and with the launch of ALAB Cohort 1, we are taking a giant leap forward in achieving this goal,” Pormarejo said.

ABOUT ARCHIPELAGO LABS

Archipelago Labs (A-Labs) is a Filipino startup accelerator in the Philippines. It incubates and invests in the most promising early-stage tech startups. It is the brainchild of the Philippine Digital Assets Exchange (PDAX) and its early investors and board members, Magellan Digital Investment Group (MDIG) and Oak Drive Ventures Inc. (ODVI). A-Labs back, nurture and support the founders and startup companies coming out of the Philippines or targeting the Philippine markets. By supporting them at a very early stage, the accelerator can critically increase their success. It also aims to support these companies through investments, advisory, and structured programs. 

For more information: 
Website: http://www.archipelagolabs.xyz/ 
Facebook: https://www.facebook.com/archipelagolabs/
LinkedIn: https://www.linkedin.com/company/archipelagolabs/about/
Industry: Venture Capital & Startup Advisory 
Headquarters: BGC, Metro Manila Founded: 2022
Specialties: Accelerator, Early-staged Ventures, Startup Advisory, Technology, and Startups