Launchgarage, MDEC launch program to connect MY companies to PH startups
Launchgarage Innovation Hub has partnered with Malaysia Digital Economy Corp. to launch its third cohort through the Gain: Expand PH program, a market access program that provides opportunities for Malaysian startups to connect with strategic partners, customers and investors in the Philippines.
Launchgarage COO Jojo Flores said the program is part of the exclusive five-year deal with MDEC they originally signed in 2019. The strategic partnership enables seamless cross-border collaboration, the Malaysia-based company being its exclusive partner in management. various market access programs.
“As we begin to recover from the devastating effects of the pandemic, we are pleased to collaborate again with our Malaysian counterparts at MDEC to continue to co-host these market access programs, which are bringing value and accelerating their validation process when entering the Philippine market. “said Flores.
Gopi Ganesalingam, MDEC Senior Vice President for Ecosystem Development Division, said MDEC is honored to have had the chance to continue the expansion of these startups in the Philippines.
“Before the pandemic, the cross-border collaboration between Launchgarage and MDEC initially created market access opportunities for Malaysian startups to expand their network and services in the Philippines, and now we aim to see greater success soon. our first two cycles. We expect more deals to be closed and valuable partnerships to be forged through the program,” he said.
Designed to virtually host Malaysian businesses and give them a better understanding of the country in which they wish to expand, the program offered webinar sessions by renowned industry experts on different topics such as an introduction to the ecosystem of Philippine startups, legal and regulatory compliance, digital marketing and investments.
Launchgarage founders Jay Fajardo and Jojo Flores hosted growth and advice hacking sessions. Deal flow and exploratory meetings were also held throughout the program to boost their growth and presence in the Philippines.
A culminating event called “demo day” took place virtually on April 18 and allowed the cohort to showcase their businesses to invited partners, investors, media partners and government agencies.
The program is further enhanced with support from the Malaysia External Trade Development Corp., which will provide information on market access and doing business in the Philippines.
MATRADE’s Trade Office in Manila is also involved to help ensure that the Gain: Expand PH program, particularly business meeting arrangements between Malaysian companies and Philippine business partners, is well executed.
After receiving multiple applications, only half of the applicants were accepted to join the program.
The third cohort consists of enterprise technology solutions, including document management solutions, AI software robotic RPA system, recruitment marketplace platform and advanced eKYC solutions.
The 2022 cohort includes a diverse set of elite companies, which include InfoConnect, a provider of information and content management solutions that includes data capture and digitization, document and records management, forms processing, output management, business process management and integrated business management; OrangeFIN Asia Sdn Bhd, an MSC status company that offers OrangeWorkforce, a software-driven robotic workforce with artificial intelligence (machine learning) capabilities that can handle complex, large and repeatable tasks that humans traditionally perform .
Others are Recruitopia, a recruiting marketplace platform designed to help employers find innovative ways and strategies to recruit candidates and connect business owners, hiring managers, acquisition specialists talent exchanges with external recruiters, improving the collaboration and experience of each stakeholder in the hiring process; and Innov8tif Solutions Sdn. Bhd., an AI company that helps businesses expand the sales funnel, accelerate paperless processes and prevent identity fraud using patented AI-based fraud detection technologies .
Launchgarage is the premier technology accelerator for traction-stage startups in the Philippines, with a large and diverse global network of industry experts, stakeholders, investors and collaborators that aims to bring local businesses to market globally through deal flow facilitation, consulting and various programs. .
It was founded in 2016 by Fajardo and Flores, two of the country’s most revered and well-known icons in the tech industry.
MDEC is the agency of the Malaysian Ministry of Communications and Multimedia, which has been leading the digital transformation of the economy for 25 years. It aims to enable a progressive and innovation-driven digital economy. MDEC will continue to lead Malaysia to become a globally competitive digital nation by developing and executing the Malaysia Digital initiative, which aims to create substantial digital economic benefits through equitable access to digital tools, knowledge and income opportunities.