PH Digest: 3 startups win Taiwan competition; Govt partners Revolution Precrafted

Source: Gideon Venture Capital

Three Philippine startups bagged top awards at a startup competition in Taiwan, while the local science and technology department has partnered the Philippines’ first unicorn, Revolution Precrafted, to showcase R&D in the development of construction materials for prefabricated homes.

3 Philippine startups sweep STSP Taiwan tourney

Three Philippine startups bagged top awards at the STSP (Southern Taiwan Science Park) Innovation Festival 2017 in Taiwan on Tuesday (November 6), which saw participation from over 30 startups representing six countries.

Edukasyon.ph, Healthblocks.ph, and LX Innovative Solutions (LX) won the Best Investment Value Award for Foreign Startup, and Best Overall Startup or STSP award.

In an interaction with DEALSTREETASIA, Gideon Venture Capital general partner Geoffrey Nuval, said all startup competitors were selected from VC firms, startup accelerators and incubators from Singapore, Thailand, Israel, Taiwan, and Malaysia. There were pre-selection rounds in each country.

Gideon was the Philippine VC that selected the Philippine teams to compete and sponsored the group that participated in the Taiwan competition.

HealthBlocks is a global health IT company while LX produces IoT-based modules for a variety of industries. Edukasyon.ph is a social enterprise in the education technology sector.

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Govt, Revolution Precrafted concur to build disaster-resilient homes

The Department of Science and Technology (DOST) of the Philippines has tapped the country’s first unicorn, Revolution Precrafted (Revo) to boost research and development in construction technology that will eventually lead to building of disaster-resilient homes, the Newsbytes reported.

DOST made the announcement just weeks after the modular homes creator disclosed of achieving a unicorn status as a result of its latest round of funding from Singapore-based venture capital firm K2 VC and others.

Both Revo and DOST agreed to showcase world-class R&D in the development of construction materials for prefabricated homes.

DOST will use science and technology (S&T) to discover and develop strong prefab materials that Revo can use.

“Now is the time to showcase Philippine ingenuity through research and development on construction materials on the world stage,” Revo said in its statement.

Revo chief marketing officer Anku Chibb, said they are also considering launching pop-up hospitals for disaster areas, including mini-stores or pop-up kiosks for mobile food vendors.

Also Read:

Revolution Precrafted is Philippines’ first unicorn after Singapore K2 VC-backed round

Exclusive: PH innovation hub Launchgarage to raise VC fund in 2018

Philippine startups mull IPO, equity financing – study

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.