Archipelago Labs (A-Labs), a Philippines-based startup accelerator, showcased five promising tech startups during its ALAB Incubation Program’s first demo day. The portfolio companies showcased their innovative products, solutions, and high growth potential to investors, mentors, media, and key ecosystem players. The startups were selected from over 100 applicants and have the opportunity to receive up to P1 million in funding and exclusive membership to A-Labs Collective.
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, a 12-week program by A-Labs, provided participants with mentorship, expert advisory, open office sessions, and networking opportunities to refine their business models. Over 50 investors participated in the event. A-Labs’ comprehensive incubation and acceleration efforts, which began in May 2023, have provided startups with in-depth assistance and advisory support. A-Labs Executive Director, Lance Pormarejo, emphasized the importance of supporting Filipino founders in shaping the future through innovation by providing resources, guidance, and funding.
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.
