IN an extraordinary display of innovation and entrepreneurial prowess, Philippine start-ups made a significant impact on the international start-up scene at two prestigious events held in Seoul, Republic of Korea.
The Asean-Korea Startup Week 2023 held on October 19 and 20 and the ECOTHON 2023 during the COMEUP Global Startup Festival from November 8 to 10, 2023 showcased the excellence of Philippine start-ups, supported by the Department of Trade and Industry (DTI) under its International and Local Exposure Program (ILEAP).
The program is an initiative of the DTI that supports qualified start-ups in participating in local or international start-up events or competitions.
ILEAP was also created to provide opportunities for start-ups to showcase their innovations, network with potential investors, and contribute to the growth of the Philippine start-up ecosystem.
Asean-Korea Startup Week: Celebrating Innovation Brilliance
AT least 30 start-ups, carefully selected by the 10 Asean Embassies in Korea and the Asean Coordinating Committee on Micro, Small, and Medium Enterprises (ACCMSME), took the opportunity to pitch their business ideas to venture capitalists from Korea at the Asean-Korea Startup Week 2023.
Among these, three Philippine start-ups showcased groundbreaking ideas in sectors, such as artificial intelligence (AI), e-commerce, fintech, education, and tourism.
Mata Technologies, which specializes in cutting-edge AI solutions, provided virtual tours for real estate in the Philippines.
Nanohubsis, a pioneering tech company leveraging nanotechnology for transformative products.
ChatGenie focuses on conversational AI and chatbot solutions, enhancing customer engagement for businesses.
Mata Technologies, Nanohubs, and ChatGenie not only contributed to the vibrant Asean-Korea start-up ecosystem but also represented the Philippines with brilliance on the global stage.
ECOTHON 2023: PHL start-up reaps victory
IN a resounding victory for Philippine innovation, Sikai Inc. emerged as the winner at ECOTHON 2023 during the COMEUP Global Startup Festival also in Seoul, South Korea.
The event, centered around “Eco-entrepreneurs for a Sustainable and Innovative Business Model Development,” unfolded on November 9.
This global triumph marks a significant milestone in the third year of the Philippines’ participation, as Sikai Inc. secured its position as the first-time winner at ECOTHON.
The competition, spanning the Philippines, Malaysia, Lao PDR, and Indonesia, served as a prelude to the international stage.
Sikai Inc., with its focus on environmental, social, and economic sustainability, stood out among 12 participants from Ecothon winners among the aforementioned countries.