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1 Million Pesos for Prototype Funding from PSC 5 of DICT

Speakers at the PSC 5 (Pho courtesy of Scitech and Digital News)

The Department of Information and Communications Technology (DICT) will announce its semi-finalists in the Philippine Startup Challenge 5 (PSC5) this coming December 21, 2018.

These semi-finalists will receive mentoring and the Top 5 will be announced on March 2018.

The 5th Edition of DICT’s Philippine Startup Competition got a financial boost from the Department of Science and Technology’s Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD), an institution mandated to provide financial assistance aimed at nurturing tech-based startups to contribute to the industrial development of the Philippines.

“We at the DICT are very pleased with our partnership with DOST. It will provide opportunities to our student-teams to develop prototypes of their ideas. We hope that this initiative will encourage more college students to create applications and products and join the next PSC,” said Ms. Emmy Lou V. Delfin, OIC Division Chief of the DICT-IIDB.

 “The PSC is aligned with our initiative of supporting young innovators. We are happy to offer support and partner with the DICT, our innovation ecosystem partners – including our network of University-based DOST Technology Business Incubators (TBIs) -to ensure that the winning student-teams will not only receive inputs and deserving awards in this endeavor but also enable them to move a step further and create prototypes and tangible outputs from their winning ideas,” Ms. Russell Pili, Chief of the Research Information and Technology Transfer Division of the DOST-PCIEERD said.

The PSC has expanded to include participants and schools from the regions outside Metro Manila and have annually expanded the number of participants.

This year, the 10 teams in the will advance to the next stage on March 2019 and the top 5 teams will be the participants in the Finals on April 2019.  These then will receive their funding for their prototypes.

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