Philippine startup company SALt (Sustainable Alternative Lighting) Corporation won the People’s Choice Award during the World Startup Competition, which is one of the main events of the Startup Nations Summit (SNS) 2014 held on November 23 to 25 in Seoul, South Korea.
Philippines ( via SALt) was the only Asian country to reach the top five, out of the 50 competitors in the Startup Nations Competition.
Judges for the event hailed from Google, Huawei, venture capital firms and incubators from Korea. The grand prize of $50,000 was given toCroatian firm Agrivi, a cloud farm management company, that helps crop farmers to improve farm productivity and profitability.
SALt promotes environmental and social responsibility by working to eliminate the sustaining cost in the country’s areas that rely on kerosene, battery powered lamps and candles as their main source of lighting.
The group produces a lamp that runs on saltwater called “SALt lamp” which uses the science behind the Galvanic cell, the basis for battery-making, changing the electrolytes to a non-toxic, saline solution — in a safe and harmless way.
Themed as “The Age of the Entrepreneur”, the SNS 2014 held at the D.CAMP & Sheraton Walkerhill Hotel in Seoul. The event was attended by more than 1,000 participants composed of entrepreneurs, investors, policymakers and enablers from more than 40 countries.
SALt is official philippine representative by Young Entrepreneur Society (YES) to the Startup Nation Competition. YES is official host of Global Entrepreneurship Week in the Philippines.
YES director Henry Ong said the People’s Choice Award was given by the audience who were mostly Koreans and foreignes. “Though we did not win the big prize it is already an honor to be among top 5 out of 50 countries and only Asian country to qualify,” Ong added.