Startup incubator Launchgarage has again teamed up with the Malaysian Digital Economy Corporation (MDEC) in hosting the second iteration of Expand Philippines.
The expo featured six Malaysian companies — with their products and services — at the Unionbank Plaza in Ortigas since the bank is also collaborating with the consortium.
Expand Philippines is a three-week market access program structured to test and validate the products and services of Malaysian companies which are already at the late-stage. These entrepreneurs went through a month-long selection process and a week-long series of webinar sessions on local ecosystems with mentors before their online introductions to key stakeholders in their respective operating industries. They also went through an immersion in deal flow facilitation between these companies and potential investors and partners in the Philippines.
According to Jojo Flores, COO of Launchgarage, their five-year partnership with MDEC enables seamless cross-border collaboration as their exclusive partner running various market programs.
“We are proud to announce that we have inked an exclusive deal with our Malaysian counterparts to continue co-hosting these market access programs, which provides value and accelerates their validation process when entering the Philippine market,” stated Flores.
The companies participating include the following:
- Persuasion Technologies – The company uses advanced analytics and integrated online and offline marketing to increase website sales.
- CK Group – The company specializes in modern digital designs solutions.
- Sometime by Asian Designers – This is an iconic bag and accessories specialist.
- NexPlatform – This firm caters to property developers’ smart marketing solution needs.
- Accendo – This is a Talent Experience platform for career pathing, and
- Sonic Boom – This an all-in-one open payment terminal for parking and retail stores.
Expand Philippines has been a platform for Malaysian startups to penetrate the Philippine market where they can provide potential clients their products and services. The project helps create connections and partnerships that further strengthen our country’s ties with Malaysia.
“We are happy to host the MDEC and look forward to opportunities to enable foreign companies entering the Philippines,” said SVP and head of fintech business group for UnionBank of the Philippines, Arvie de Vera. “Through collaboration we can ‘tech-up’ the Philippines.”