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Manila Bulletin devider Business devider Trade & Industry devider PH startups shine in Korea – DTI

PH startups shine in Korea – DTI

Published Nov 17, 2023 09:10 am

Philippine startups showcased innovative and entrepreneurial prowess at two prestigious events in Seoul, demonstrating significant impact on the international startup scene, according to the Department of Trade and Industry (DTI).

“We at DTI remain committed to our goal of strengthening the Philippine startup ecosystem to facilitate their integration in the global value chain," DTI Secretary Alfredo E. Pascual said.

DTI, under its International and Local Exposure Program (ILEAP), supports qualified Philippine startups in participating in local or international startup events or competitions.

ILEAP is created to provide opportunities for startups to showcase their innovations, network with potential investors, and contribute to the growth of the Philippine startup ecosystem. 

Since 2019, the DTI has propelled 221 unique startups into the international market through its ILEAP.

During the ASEAN-Korea Startup Week 2023, held last Oct. 19 to 20, three Philippine startups including Mata Technologies; Nanohubs; and ChatGenie showcased groundbreaking ideas in sectors such as AI, e-commerce, fintech, education, and tourism. 

Mata Technologies specializes in cutting-edge AI solutions, providing virtual tours for real estate in the Philippines. 

Nanohubs is a pioneering tech company leveraging nanotechnology for transformative products. 

Focusing on conversational AI and chatbot solutions, ChatGenie enhances customer engagement for businesses. 

Meanwhile, Sikai Inc. secured its position as the first-time winner at ECOTHON 2023 during the COMEUP Global Startup Festival last Nov. 8 to 10.

Sikai's victory marks a significant milestone in the third year of the Philippines' participation at the ECOTHON.

The startup company was awarded an impressive KRW 3 million for its software solutions focused on environmental, social, and economic sustainability. 

Notably, Session Groceries and Insiklo PH, joined Sikai which won second and third places respectively. 

Session Groceries supports local farmers, while Insiklo PH focuses on insect upcycling for a circular economy. 

This global competition emphasized the commitment to United Nations Sustainable Development Goal (SDG) No. 12: Sustainable Consumption and Production. 

It was organized by the Ministry of SMEs and Startups (MSS) of the Republic of Korea, ASEM SMEs Eco-Innovation Center (ASEIC), and Hanns Seidel Foundation (HSF), and supported by the government focal points and implementing partners.

"The global stage of ASEAN-Korea Startup Week 2023 and Ecothon 2023 not only reaffirmed the Philippines' position as a hub for sustainable entrepreneurship but also showcased the nation's prowess in addressing global challenges through innovative solutions," the DTI said.

"These awards are a clear testament that the Philippine startup ecosystem is on its way to make its mark in the global arena,” Pascual said.

 

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