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DICT begins accepting tech startup grant applications, up to P1 million for each grant

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<p>MANILA - The Department of Information and Communications Technology is now accepting applications for grants from tech startups, the agency said on Wednesday. </p><p>The DICT said its Startup Grant Fund “has been signed and approved and is open for applications.”</p><p>It will cater to startups with products or services currently in the Proof of Concept, Prototype, or Minimum Viable Product stages in ICT-enabled sectors, the DICT said. <br/> <br/>The SGF is targeted to specifically help and nurture startups by providing pre-seed to seed funding that shall make the ecosystem be more active and investable, the agency added.</p><p>The fund grants up to P1 million to tech startups to cover costs of developing their ideas and prototypes, according to DICT Secretary Ivan Uy. </p><p>Besides this, the DICT said it will also provide grantees opportunities to meet great mentors and widen their network in the startup community.</p><p>“We hope the Startup Grant Fund becomes a vehicle to support Filipino Startups and ultimately help build a strong startup ecosystem,” said DICT Undersecretary Jocelle Batapa-Sigue. </p><p>Uy said the DICT plans to have at least 10 startup beneficiaries for the first run of the grant fund. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/06/22/22/ph-has-healthy-growing-startup-ecosystem">PH has &#x27;healthy&#x27;, growing startup ecosystem: Angel investor group</a></li>	<li><a href="https://news.abs-cbn.com/video/business/06/17/22/startup-says-its-ai-can-help-in-financial-inclusion">Startup says its AI can help &#x27;even fishball vendors&#x27; access credit, financial inclusion</a></li></ul><div> </div><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1642392" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><div><br/> </div>

It will cater to startups with products or services currently in the Proof of Concept, Prototype, or Minimum Viable Product stages in ICT-enabled sectors, the DICT said. 