We're announcing our selected ideas soon!

We're no longer accepting submissions for the 3Q2021 batch. Please stay tuned for updates on the next round for 2021! Thank you to all who participated!

UBX Innovations Garage

Join our July 2021 Batch and get the following benefits.

Investment

We can fund your idea up to Php 2,500,000 to help develop an MVP and test your idea in the market. This is a mix of capital and operational expenditures. If you want to know more about our investment, you may read the details below.

Product, Technical, and Operations Support

You will have a dedicated development team to help you test your product in the market. You will also receive support from shared services like Operations, Human Resources, Sales, Finance, Marketing and Legal.

Guidance from experts

A round lasts only three (3) months, this is enough time to build a lot of things. However, if you are not careful, this could be a very short time and you may end up not building anything useful. So aside from our investment, UBX will be guiding you in building an MVP in the most efficient manner.

UBX Innovations Garage

What forms part of our investment

Mentorship and Coaching

While in the garage you will have a mentor assigned to you from UBX. We will also provide you with coaches in product development, business development, sales, and technology.

Regular Review by Expert Advisors

At the end of each month, a panel of advisors will check on your progress and provide you with feedback and recommendations.

Access to Union Bank and Aboitiz Ecosystem

During the garage stage, you will have access to a wider ecosystem where you can test your ideas. We will introduce you to potential partners within the group ecosystem.

Tools

Once in the program, we will provide you with all the tools you’ll need to be successful. This would include email, real-time communication, code repositories, online scrum boards, and even equipment like laptops or desktop computers.

3Q2021 Timeline

Here are relevant dates and details for this round.

June 18, 2021

Deadline for submission of ideas

If you haven't submitted yet, go to this link now.

June 19-22, 2021

Pre-screening of ideas

June 22, 2021

Pitching schedules are given

Ideas that were selected to move on to the pitching stage are informed of their respective schedules for pitching.

June 24 & 25, 2021

Pitching day!

Selected ideas are asked to pitch to a panel. Panelists would include UBX experts on business, technology, sales and marketing.

June 28, 2021

Announcement of winners!

The final list of selected ideas are announced.

June 30-July 2, 2021

Onboarding to the program

We onboard winners to the garage. At this stage, we will discuss more details about the program to you and your team. This is the part where we introduce you to the people who'll help you turn your ideas into a reality!

July 5, 2021

The program begins!

Frequently Asked Questions

Is there an office space where my team can work on?

Yes! We have a great office located at the 33F Union Bank Plaza, Meralco Avenue, Ortigas Center, Pasig City. However, due to the pandemic, we do encourage a remote work arrangement. If your team chooses to be co-located, do let us know in advance so we can arrange this for you and guide you in advance on our office rules and policies as well as the safety measures applied due to COVID-19.

I have an idea, how do I apply?

Apply using our online application form here.

I have multiple ideas, can I submit them all?

We would accept as many ideas as possible, however only one of your ideas can get into the program. We encourage you to select the best idea that you have and focus on it rather than spread yourself too thin on multiple ideas.

What industries or sectors are going to be accepted?

UBX is a fintech venture builder, so we are looking for ideas that would help us further our goals of embedding financial services into experiences that matter. If you want to know more about our current venture portfolio visit our website by clicking on this paragraph.

Will I be compensated while in the program?

Yes, UBX will provide you with a monthly allowance to support your financial needs. This allowance will be part of our investment.

How can I use the investment?

Our investment will be a mix of operational expenditures such as development cost, marketing, subscriptions to tools and cloud services, and salaries of the team members. While in the program, a finance officer will guide you on your finances.

How does the selection process work?

We will take in ideas until June 11, 2021. After the deadline the UBX innovations garage committee will select ideas that will move on to the pitching stage. If your idea is chosen, we will invite you to pitch your idea to a panel for fifteen (15) minutes. We will accept the top pitches into the program.

Can we join as a team?

Yes you may! However, we would encourage you to be wise about the people you'll take in during the program. Additional members will be considered in the total allocation of Php 2,500,000*. The ideal team count is 3 members, with atleast 1 developer in the team.

*Maximum amount of the total investment is Php 2,500,000. This could be lower in actuality.

Is there an office space where my team can work on?

Yes! We have a great office located at the 33F Union Bank Plaza, Meralco Avenue, Ortigas Center, Pasig City. However, due to the pandemic, we do encourage a remote work arrangement. If your team chooses to be co-located, do let us know in advance so we can arrange this for you and guide you in advance on our office rules and policies as well as the safety measures applied due to COVID-19.