Pollenizer @ Kickstart is looking for Philippine-based startups focused on solving specific problems.
The announcement was made on Pollenizer’s website:
Pollenizer @ Kickstart provides our team with a well researched problem or idea space, a built-in funding runway, and a structured incubation process. Team members could be corporate employees looking for more autonomy and freedom to experiment, entrepreneurs looking to plug into a support system and pre-defined project, or people who have moved between both environments.
The group says qualified startup companies will get equity stake, salary for monthly expenses and mentorship from Kickstart Ventures and Pollenizer.
Funding? At least one year’s worth of capital, according to the site. After this period, the startup company will need to chase for more funding with support from the group. These startups will operate in the Philippines.
The group is looking at funding startups engaged in the following “problem areas:”
1. Real Estate Listings – Real Estate has been a Web 1.0 gold mine in Southeast Asia, with Property Guru netting $60M in funding while dominating in SG and ID and iProperty getting listed while serving the Malaysian market. Philippines still lacks a dominant player. Why do current Ph sites fall short and how can we fix it?
2. Vertical E Commerce – The past two years have seen an explosion in e-commerce activity across Southeast Asia, thanks in large part to Rocket Internet’s well-funded and concerted effort at customer education cum acquisition. With the customer base growing, markets seemed poised for new players focusing on specific verticals such as diapers, groceries, eyeglasses and so on. Which vertical is poised to take off in PH and why?
3. Horizontal E Commerce – The infrastructure supporting e-commerce across Southeast Asia is underdeveloped and ill suited to support the coming e-commerce explosion. The time could be ripe for new entrants in logistics, warehousing and other key services. Or perhaps something more innovative like Uber for motorbike delivery or Southeast Asian buffer boxes?
4. Remittance – OFWs send billions back to the Philippines every year, much of it flowing through antiquated networks with high friction and service charges. Internal remittances are an even bigger market as money flows from the large cities out. Mobile technology promises a better user experience and lower costs but it must overcome many challenges around getting cash into the system and ensuring user access across a huge array of devices. Is there a space for a mobile remittance solution that solve these problems and can gain mass adoption?
5. Labor Cost Arbitrage – Sites like freelancer.com, Elance, and 99 Designs have established a robust market for labor cost arbitrage, with demand sourced in high income markets and supply provided in countries like the Philippines and Indonesia. We wonder if there’s an opportunity for a local player in this domain? What new approaches or niches could be established to increase adoption in this fast growing sector?
6. OFW Placement – In a reverse mirror of the remittance market, the millions of Filipinos who work abroad are mostly placed via antiquated methods that privilege services over technology and extract fees that can border on exploitative. Can web and mobile technology be used to disintermediate the agencies, connecting potential employers and employees directly?
7. Education – Educational technology is a booming sector across the world, but adoption in developing markets has been slow due to lack of local solutions and issues around device and data access. Which educational areas are ripe for disruption in the Philippines? Is it supplemental tutoring for high income families, literacy programs for young children delivered through schools, marketplaces for educational service providers, online tutoring for the US market? Or something else entirely?
8. Health Care – Technology is changing the face of health care around the world. Developing markets offer up innumerable opportunities in this space, from portals facilitating medical tourism to sites to connect patients and doctors to Yelp-style interfaces for rating health provider performance. Which solution is worth pursuing in the near term?