The MarCoPay app will utilize QR codes that vessel masters and seafarers could use to manage, receive, spend, and remit their salaries in the form of e-money.
Talino Venture Labs, headed by its CEO Winston Damarillo, said the three startups -- Saphron, Asenso, and Unawa -- all aim to “drive inclusion and access” for the “underserved.”
Local start-up accelerator IdeaSpace has announced its investment in the top three teams for this year’s start-up competition, after a rigorous four-month acceleration program where 20 start-ups worked with mentors to refine their business and financial model, product, operations, and communications.
The app has gotten a fairly positive response from the initial user base, with many saying that the crowd monitoring feature of ikotMNL enables them to plan their trips ahead and estimate the duration of their rides which helps for time management.
Singapore-based technology firm BCB Blockchain has announced a P15-million fund to support local incubators and startup accelerators under the Department of Science and Technology (DOST).
The DOST has launched the “TBI 4.0 Program” to upgrade the capabilities of the agency’s TBI (technology business incubation) network through a more transformational intervention that would set off the “internationalization” of Philippine TBIs.
Aside from the research grant, the startups also received support and assistance from the DOST-funded Technology Business Incubators (TBIs) through their services and programs.
The DTI is pushing a P300-million budget for the implementation next year of a new law providing incentives to registered startup companies, as it hopes to release its IRR within this month.
