Archipelago Labs (A-Labs), a Philippines-based startup accelerator, showcased the innovative products and solutions of five promising startups at the first demo day of the ALAB Incubation Program.

The selection process involved choosing five startups from over 100 nationwide applicants. These startups now have the opportunity to receive up to P1 million in startup funding from A-Labs and its investor network. Also, they can become exclusive members of A-Labs Collective, the startup accelerator’s network of tech startup entrepreneurs, operators, and investors.

“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,” said Lance Pormarejo, executive director of A-Labs.

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The first cohort of startups that completed the ALAB Incubation Program include:

1. Synthillate, a fintech startup that transforms intellectual properties into financial assets
2. Ridge, a plug-and-play artificial intelligence (AI) platform that empowers the food and beverage industry to utilize advanced analytics for operational efficiency, optimized menus and promotions, and profit maximization
3. Gamer Points, an ad tech-integrated game platform that enables gamers to passively earn while playing video games
4. Nexhire, a community-driven talent marketplace that connects individuals with the surging demand for next-gen jobs
5. Twine, an AI-powered decentralized social layer that allows users to monetize their personalities and take ownership of their social circles.

The Demo Day marked the culmination of the 12-week program, during which participants had access to A-Labs’ mentorship and expert advisory services, open office sessions, and networking opportunities that helped refine their business models according to their respective stages of development. More than 50 investors participated in the Demo Day.

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