2019 Cerebro Startup Challenge

Application period : December 1, 2018 – March 31, 2019

Who can join?    Startups who have not received any investment in exchange for equity, uses technology to innovate and rapidly scale their business and willing to participate in Cerebro’s incubation program are welcome to join

Application period :   December 1, 2018 – March 31, 2019

Prizes:  The selected startups will receive pre-seed grant of P60,000 cash and enter Cerebro Lab’s Incubation Program, a six-week intensive training and mentoring program where the following support services will be provided:

 

  • Co-work space
  • Lectures on various topics relevant to startups
  • Shared office equipment
  • Communication, internet and cloud services
  • Business, Marketing, Legal and Financial consulting
  • Free access to seminars, workshops and other special events
  • One-on-one sessions with Cerebro’s full-time, Silicon Valley-trained staff
  • Access to Cerebro Lab’s startup community and network of local and international investors and corporate partners
  • Other services which Cerebro Labs may find necessary in the successful incubation of a particular startup

 

Top graduates of the Incubation Program will have the chance to enter the Cerebro Labs Acceleration Program where a seed fund amounting to a minimum of Php500,000 and up to Php2,000,000 worth of support services will be provided.

Selection Process:

              Application will be online through Cerebro’s website.  Applicants are required to answer the set of questions provided in the application.  Answers to these questions will be used in the initial screening and those who pass the initial screening may be interviewed by the Cerebro Team to determine the top challengers.

 

              Entries will be judged according to the following criteria:

Creativity – refers to the originality, novelty and appeal of the value proposition.   It must contain a demonstrated differentiation from existing products or services or an entirely new disruptive one and must be difficult to copy or replicate.

Functionality – refers to how well the idea presented addresses the problem it seeks to solve and its usability or ease of use as well as its function in the daily lives of intended customers

Potential for growth –  refers to target market, marketing plan, strategy for scaling and the degree of financial growth the product/services can bring   

Founder or team – Expertise, cohesiveness, commitment, organizational capabilities and strategy to expand team when needed. 

 

Choice of top challengers shall be final and subject to the discretion of the Cerebro team.  Not more than 3 members of the selected teams will be allowed to physically participate in the incubation program.  In joining the challenge, applicants agree to the public presentation of their ideas.