Filinvest moves into fintech, smart cities, sustainability through innovative start ups
Premier venture builder F(DEV) is currently deepening its work with global and regional partners to foster synergistic collaborations to help bring forward its vision to boost the Philippines’s digital economy and its local tech startup ecosystem.
F(DEV) recently tied up with Enterprise Singapore’s (EnterpriseSG) Global Innovation Alliance (GIA) Manila Acceleration program, in partnership with Plug & Play, to introduce Singapore startups to stakeholders in the Philippine startup ecosystem. EnterpriseSG is the Singapore government agency championing the development of Singapore enterprises. Through the program, Singapore startups can get connected with the tech and business networks in the Philippines to further expand their presence in-market.
The program allows F(DEV) to identify and partner with Singapore startups with relevant solutions to pilot their technologies in the Philippines. Recently, F(DEV) worked with Kinobi, a Singapore ed-tech startup, to tap on its career management platform to create a curriculum for student entrepreneurs on web3 and non-fungible tokens (NFTs). The win-win collaboration allowed Kinobi to address knowledge gaps in the growing field of NFT, while F(DEV) was able to connect with young entrepreneurs and web3 advocates whom they can work with for current and future web3 projects.
Deepening partnerships
EnterpriseSG will match Singapore enterprises to F(DEV), specifically those with innovative solutions that can address the interest areas of F(DEV) and its parent company Filinvest Development Corporation, such as in fintech, smart cities, and sustainability. These enterprises can then work with F(DEV)’s network of seasoned entrepreneurs, product specialists, venture operators, data mavens, designers, and engineers to run pilots with the conglomerate.
F(DEV) will also draw on its extensive experience and network established through its parent company to support Singapore enterprises in their market entry and to facilitate the launch of new digital services and businesses in the Philippines.
“The Philippines is emerging as one of the fastest growing startup and innovation ecosystems in the region,” said Kow Juan Tiang, Executive Director for Southeast Asia, Enterprise Singapore.
“Over the past two years, more than 50 Singapore companies have expanded into the Philippines and deepened their market knowledge and networks through our Global Innovation Alliance program in Manila, that has been run in partnership with Plug & Play and LaunchGarage,” he explained. “The strong support from corporates including Filinvest and its corporate venture building arm F(DEV) in providing their extensive networks and valuable partnership opportunities, has enabled Singapore companies to offer complementary and innovative solutions that can accelerate digital transformation in the Philippines.”
Visit www.teamf.dev to know more about F(DEV) Venture Studio.