The Spark Project is a crowdfunding community for like-minded Filipinos to support creative, innovative, and passion-driven projects. Although existing forms of funding like venture capitalists, angel investors, grant giving bodies, and banking institutions are present; they are not readily available year-round and sometimes cater only to a specific niche. At the end of the day, only a few among hundreds of equally compelling ideas get the funding they need. The Spark Project aims to change all this and address the country’s need for more entrepreneurs and change-makers by democratizing the disproportionate distribution of funding capital.
Brief business history
Officially launched last February 16, 2013. The website has a soft spot for the "marginalized innovator"; those whose projects are off the radar and are itching to get their ideas started. To date, there is no crowdfunding platform in the Philippines that provides end to end support for project creators, which includes pre and post campaign guidance. Building a Filipino startup culture which goes beyond the online platform is at the core of The Spark Project's existence.
Success to date
One of the 10 Finalists of Project Pagsulong – Nationwide search for innovative ideas that provide real-life solutions to alleviating poverty (Finals March 2013) http://www.projectpagsulong.ph
Top 30 8th ASEANpreneurs Idea Canvas – Biggist business plan competition in the ASEAN region (Finals April 5, 2013) http://aseanpreneurs.org/aic