Biz Buzz: Pinoy startups on international stage

Out of 100 international startups, two Filipino enterprises stood out and made the final cut of the Asia Technology Entrepreneurship Conference’s (ATEC) Startup Competition, the biggest university alumni club-led technology event for startups in Asia.

But the battle is far from over as these two hopefuls will compete in the finals to be held on Dec. 6 in Hong Kong. A total of 16 enterprises are campaigning to win.

The first competitor is Packworks, a technology company that has been supporting sari-sari stores in digitizing their operations. The second one, InvestEd, is a financing platform that lends to students who need help to pay for their tuition.

Both enterprises were nominated by the Harvard Club of the Philippines Global—and this organization is hoping the country will once again bring home the bacon.

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Just last year, Mayani won the Emerging Market Solutions Impact Award. A social enterprise linking over 139,000 smallholder farmers to retail and commercial consumers, this startup has helped a lot of indigenous farmers in Zambales.

Will these homegrown enterprises bring another win for the country? We are certainly rooting for them.