Are you a Southeast Asian technology entrepreneur? This 2-stage startup accelerator in bustling Makati City, Philippines will take you from the idea phase to pitching your working prototype to investors. Submit your application for the opportunity to receive up to $12,000 USD, as well as many benefits.

Apply now! Applications for the 2017 program close on Jan 12, 2017 (midnight Philippine time). Selections with be announced starting April 2017. Follow Lootstrap on Facebook for updates.

Award Amount

  • Incubation Phase: 50,000 PHP (approx. $1,000 USD)
  • Acceleration Phase: 500,000 PHP (approx. $11,000 USD)


  • Makati City, Philippines


  • 6-week incubation phase
  • 18-week acceleration program


  • Assistance in developing a working prototype
  • Classes in business management
  • Office space support with communication and internet allowance
  • Software support and credits
  • Legal, IP, regulatory operations, marketing, financial, and HR support
  • Mentoring from experts in industry
  • Support for airfare, housing, and meal expenses
  • Demo Day to present your ideas to investors and other interested parties

Who Can Apply

  • Teams of 2 to 3 members with innovative, scalable, technology-driven ideas
    • An individual may apply, but must have a co-founder to participate
    • At least 1 team member should have a technology background
  • Applications are open to international teams, with the following conditions:
    • Up to 20 teams chosen for incubation phase may be Philippine-based
      • 2 out of 3 or 1 out of 2 team members must be citizen or resident
    • Up to 10 teams may be international
  • Minors are eligible to apply, but must have Parent/Legal Guardian Consent Form

Selection Criteria

  • Passion, creativity, and desire to change the world
  • Perceptible market need or clear customer pain point
  • Quality of business model and size of local and global market
  • Team’s ability to execute their vision
  • Uniqueness and scalability of the idea

Application Process

  • Written application through your free account
  • Applications are reviewed by the Selection Committee
  • 100 startups are selected to submit a 2-minute pitch video
  • Top 50 pitches chosen from the videos
  • Top 20 startups chosen for incubation phase
  • Incubation phase Finals Pitch where prototypes are presented to the Board of Judges
  • Top 10 startups chosen for acceleration program


  • Terms and Conditions
  • All team members must be present for the following:
    • 5-day Pre-Incubation Orientation
    • Finals Pitch (demo day for the incubation phase)
  • Startups chosen for 18-week acceleration program must do the following:
    • Incorporate in the Philippines
    • New and existing intellectual property rights must be assigned to the corporation
    • At least 2 founders must work full-time for the corporation
    • All team members must attend mandatory programs and mentoring sessions



As always, this program takes ZERO equity!