MANILA, Philippines -- Ayala Foundation has found a model for building developing startups: make them undergo boot camps with successful companies.

Fifteen start-up firms attended last summer's tech boot camp organized by Ayala Foundation with Morph Labs, an open source software firm founded by Filipino-born entrepreneur Winston Damarillo.

The boot camp involved training sessions on open source programming languages, such as Ruby on Rails, and other languages used to develop so-called Web 2.0 applications.

It's a win-win situation for both parties: it allows Ayala to train startups that have located in its incubation facilities while linking them with potential investors such Damarillo.

Damarillo is also a managing partner of Global Gateway Venture Capital, which he helped set up and aims to provide funding for Filipino startups.

"These boot camps allow us to train startups in a more focused fashion, technology-wise," said Guillermo Luz, Ayala Foundation executive vice president, in an interview with INQUIRER.net.

From out of the 15 start-ups that joined last summer's boot camp, Luz said two of them are already candidates for investments.

Ayala Foundation operates Technology Business Incubator (TBI) facilities, one located along Katipunan Avenue inside UP Diliman and another located at soon to open UP Ayala techno hub along Commonwealth also across UP Diliman.

Luz said Ayala looks for potential locators in four broad categories: information technology/software, biotech, renewable energy and environmental science.

"We are looking at the collaboration model with successful companies in these fields," Luz said.