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.

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