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The year 2019 saw the Innovative Startup Act passed into law after years of consultation from government leaders, industry experts and local businesses. With a vibrant ecosystem filled with budding companies and record-breaking fundraising rounds, the country is just about ripe for a breath of fresh air in terms of practices, businesses and flexibility. The number of startups from a mere 500 in 2017 has soared to more than double that amount after government initiatives such as Technology Business Incubators (TBI’s), startup programs, grants and funding opportunities pouring in from both the public and private sectors alike.

However, the fact remains that many sectors are still lagging behind in the Philippines. Business registration remains a cumbersome, time-consuming process, many owners do not know which permit/s they must obtain, and even the smallest things like facilitating payments becomes a burden for the average Filipino entrepreneur. Luckily, in a heavily service-reliant country like the Philippines, there are solutions available that are able to bridge these gaps for very little cost. For 2020, here are some of the Launchgarage staff’s picks for companies enabling businesses. …

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What does LAB.PH do?

Community OS is an intuitive Economic Development Management Framework designed to create an inclusive & participatory economy for all 238 Congressional Districts in the Philippines by utilizing decades of research and development by the Roxas-Kalaw Foundation and its Triple-Bottomline approach that balances the financial, ecological and social impact of various activities within an ecosystem.

LAB.PH is the consulting arm of the foundation, tasked with targeting communities in need of economic, environmental and/or social interventions, which can help bring them out of various forms of poverty. …

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For the second year in a row, Launchgarage, the Philippines’ premiere tech accelerator, has once again partnered with the Malaysian Digital Economy Corporation (MDEC) to host its second cohort for EXPAND Philippines, a structured 3-week market access program for Malaysian companies seeking to test and validate their products and services in the archipelago. In collaboration with UnionBank, the consortium hosted their second Demo Day which featured six Malaysian companies and their products and services.

This year’s cohort is a collection of seasoned entrepreneurs running late-stage companies that underwent a month-long selection process, an intensive week of webinar sessions about the local ecosystem with mentors, online introductions to key stakeholders in their respective industries and an on-site immersion which comprises of deal flow facilitation between them and potential investors, clients and strategic partners in the Philippines. …

MatchMove, one of the world’s fastest-growing and leading fintech companies, today announced that it has partnered with Xpensio, a promising expense management startup, to provide smart expense management solutions for businesses in the region. With the new solution powered by MatchMove’s proprietary Banking Wallet OSTM, paying and managing company expenses, team budgets and staff claims will never be easier. …

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We’ve all tried to pull off this sequence at one point: 5 (imaginary) seconds left on the clock, 2 defenders in front, a killer crossover (in the air), a (piece of crumpled paper) into the hoop (AKA, the trash bin).

It goes in. The sacred word comes right out of your mouth: “KOBE!”

(Sorry, Lebron Fans.)

Eventually this progresses into an obsession. You start playing real basketball with your friends, you follow your favorite team/s religiously, you own all the jerseys, you start arguing about which player is better with random people on the net. The next thing you know, you’re completely hooked.

From simply being a casual fan you begin to turn to analyzing advanced statistics, studying coaches’ playbooks and scrutinizing even the slightest mistakes players make, and as your perception changes and when you’re deep into those numbers, you start viewing them like they aren’t human beings who make mistakes. You begin to alienate friends because of their preferences in favor of supporting your favorite player.

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Launchgarage, the Philippines’ premiere accelerator has officially partnered with US-based Idea Foundry, Inc. to deliver a wider range of services for its expansion-ready startups through the latter’s Impact Globalizer Program that seeks to help Filipino companies gain insights into the US market and validate their product before launching through their network reach in the industry.

Idea Foundry is a non-profit, economic development organization based in Pittsburgh, Pennsylvania, USA. They offer individualized, business development and acceleration services and investment to startups in the Pittsburgh region. Additionally, they are working to partner with organizations across the globe to foster global collaboration and the transfer of innovation and talent. Their organization has three tiers of programs for foreign entrepreneurs, beginning with U.S. market validation through the Impact Globalizer Program and also including Virtual Acceleration and a Soft Landings Program. …

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Launchgarage Innovation Hub is the premiere startup accelerator in the Philippines. Known to many simply as ‘Launchgarage’, our core belief is that the secret to nurturing a vibrant ecosystem is being able to bridge the gap between our founders and potential partners that they can work with along the way.

We accelerate tech startups through deal flow sessions, hands-on inclusive mentorship, various programs, and global network reach. We’re more than happy to share that we’ve made significant progress in 2018 by setting up the foundation for even bigger plans coming next year.

As a more comprehensive follow-up of sorts to our previous write-up earlier this year, Innovation-Focused Development: Ushering In a New Era of Philippine Entrepreneurship , we’re officially releasing this public report to show just how far we’ve come since then, how much more diverse our ecosystem is and most importantly, how well our Startup Founders have done. …

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We are happy to announce that the ACU Tokens will have its second official listing on the CCX Exchange today, October 31, 2018. They will be tradeable with BTC pairing starting 4:00 P.M. UTC +8 (Singapore Time).

CCX is a new Canada-based cryptocurrency exchange that offers 0% trading fees, and only 1% withdrawal fees for any Canadian bank account. They have a variety of services on their platform that traders can utilize, including a proprietary cold storage system with a 2FA authenticator, constant financial audits, and liquidity through their global network of order books.

“CCX is ambitious, awesome, advanced and Canadian. Since 2017, we’ve taken the complexity out of trading and owning digital currencies for everyone in Canada and beyond. Our goal at CCX is to provide the highest quality, instant and simplified purchasing experience for customers looking to acquire Blockchain Backed assets, starting with Bitcoin.” …

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Bet you can tell a lot about me with just this one graphic, eh?

This is heavy, Doc!

Over the past few decades, technology has progressed at unprecedented rates in directions we never imagined, with rules we previously did not follow. Views have changed, cultures are intertwined and we as a collective society must now find a way to develop the solutions of today for the problems of tomorrow.

This new paradigm is greatly influenced by the revolution brought about by the internet. Information being readily available and a couple of keyboard strokes away meant a selection of previously unexplored horizons and with it came brand new avenues for common citizens, businesses of various sizes and professionals to earn, learn and move outside of convention. For example: Instant messaging has allowed us to converse in real time with individuals from halfway across the globe, creating a boom for businesses through marketing channels, stronger customer relationships and visibility. …

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ACU listed on BTCEXA

The ACU Token was successfully listed on the BTCEXA Exchange last August 24th at an initial price of US$0.005 and went up to as high as 46% on its first day. As of writing, the ACU Token is priced on the exchange at $0.01 and is expected to increase in volume even further over the next few weeks.

This listing marks the first of several planned exchanges in the roadmap, but for the meantime the ACU/BTC pairing will be launched in BTCEXA on September 12th at 18:00 Singapore Time (UTC +8).

About

Russ M

Chief Strategy Officer @ LAB.PH

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