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| Photo Courtesy || DICT |
Cordillera - Team Victorem, a technology startup from the Saint Louis University in Baguio City was declared as the over all champion of this year's Philippine Startup Challenge 5 (PSC5) organized by the Department of Information and Communication Technology (DICT) on Friday.
The technology startup is a rental platform that serves as a channel for users who want to post an item for rent or to those people looking for things to rent. It can be accessed through the browsers and mobile devices. The team said the application is "safe, secured, and convenient" for renters and item owners to transact payments.
This year's Philippine Startup Challenge 5 was hosted by Iloilo City at the Grand Xing Hotel. There were 15 teams from various colleges and universities all over the country who had pitched and defended their startups in front of business owners and judges.
According to DICT Undersecretary Monchito B. Ibrahim, all the startup participants went through rigorous screening and training.
DICT received 242 entries but only 30 made it to the semifinals and only 15 were selected by technology and business startups to enter the national competition.
"We're very, very glad to see all the ideas that they have come up with and that's actually making me believe that the future of the Philippines is in good hands," Ibrahim said.
Being the champion, Team Victorem will become part of Huawei's Seeds of the Future Program, a two-week college undergraduate study program in China to equip them with ICT-based skills and knowledge. They will also automatically qualify for the 2019 IdeasSpaceBootcamp.
The team together with other top 5 winners will also receive Php200,000 from the Department of Science and Technology - Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) to help them in the product prototype development.
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