Seedstars World returning to PH to find best local tech start-up

Eight of the country’s best startups will compete to represent the Philippines at both the Seedstars Asia Regional Summit and at the global Seedstars Summit in Switzerland.

Acudeen, founded by Filipino Magellan Fetalino, won last year's Seedstar World in Switzerland

Acudeen, founded by Filipino Magellan Fetalino, won last year’s Seedstar World in Switzerland

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to the Philippines on July 8.

Hopes are very high, since out of years years, two times the title of Seedstars global winner went to Philippine startups. The Seedstars 2016 global winner was the fintech startup Acudeen from the Philippines.

Bloomberg TV’s host RJ Ledesma will host panel discussion with both these founders and CEOs — Magellan Fetalino from Acuddeen and Judah Hirsch from Salarium.

Seedstars World is travelling to more than 70 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to $1 million and network with investors and mentors from around the world.

Its previous participants have raised over $61 million collectively, providing employment to more than 835 employees worldwide.

The companies selected to pitch at the Seedstars Manila event need to be less than two years old, have raised less than $500,000 in funding and have built a minimum viable product, ideally with existing traction.

The Seedstars World team is searching for one additional criterion — the startup’s regional and global scalability. With a strong network of international partners such as Bloomberg, BrainSparks, acceler8, Seedstars World is looking for innovative startups that solve regional issues and develop profitable products for the global market, with the aim of supporting the growth of these businesses.

“Seedstars World is a platform connecting investors to the next generation of entrepreneurs, outside of Silicon Valley and Western Europe. This will be our third time organizing our event in the Philippines, and given the bustling nature of the startup ecosystem, we expect the quality of the startups to be very high.” explained Nick Feneck, regional manager at Seedstars World.

Acudeen Technologies, founded by Mario Jordan “Magellan” Fetalino III, was awarded the Seedstars trophy on stage by Pierre-Alain Masson, Co-founder at Seedstars Group and crowned the “Seedstars World Global Winner 2017” for their innovative solution that turns SMEs invoices into cash through discounting of their receivables, providing them with necessary working capital they are not getting from the banks.

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