Just read about IdeaSpace, and its exciting. http://www.newmedia.com.ph/ideaspace-to-accept-applications-in-may/comment-page-1/#comment-24938
Its a great thing to learn about a fund and an organization that is both an incubator, accelerator and has a capital fund to go along with it.
When we formed O4BO we looked high and low for just such an organization. We are rolling now, but far from finished with development so this could be an ideal idea(pardon the pun).