More than 400 startups attended the first ever Meet ASEAN’s Talents and Champions (MATCH) Philippines Roadshow which officially launched last July 9 and 10 in Dusit Thani Hotel, Makati City and Radisson Blu Hotel, Cebu City, respectively.
The ASEAN Mentorship for Entrepreneurs Network of the ASEAN Business Advisory Council (ASEAN BAC) initiated the MATCH Philippines Roadshow in partnership with Monetary Authority of Singapore (MAS), Go Negosyo, Philippine Chamber of Commerce and Industry Inc. (PCCI), and SGV & Co (EY Philippines). The roadshow aims to spread awareness on MATCH to facilitate deal-making by showcasing ASEAN startups and growth enterprises across all sectors, and link them to top global and local investors.
The MATCH portal is a curated deal-making portal that will enable ASEAN enterprises with better access to quality funding, expertise, and networks for their businesses.
As part of the Singapore Fintech Festival, the MATCH Conference featured keynote presentations and leadership dialogues from prominent entrepreneurs, founders, and investors on financing strategies and enterprise value creation.
In the Makati forum, ASEAN BAC Philippines Chair Joey Concepcion was joined by PCCI President Alegria S. Limjoco, MAS Asset Management & Insurance Development Division Deputy Director & Head Elean Chin, MAS Financial Markets Development Department Assistant Director Lee Kaishi, SGV & Co Transaction Advisory Partner Editha Viray-Estacio to address the concerns of the startups.
CIB.O Managing Director June Sa-A, CCCI ICT-BPM Chairman Paulo Uy, and Senior Adviser for ASEAN BAC Josephine Romero also joined the panel to answer the questions from the startups in Cebu.
ASEAN BAC Chair Joey Concepcion challenged the young minds behind startups who, according to him, are “the disruptors [of big businesses] in the digital landscape” and are great innovators. “This is your time. Don’t be afraid to fail; it’s part of entrepreneurship — it’s taking that risk.” He also encouraged the startups to find the right mentor who will help their businesses scale up.
Interior Basic Export Corporation President and ASEAN BAC Philippines representative Jay Yuvallos advised the audience to get organized and engaged as well as invest. “Put your money where your mouth is. Cebuanos, we don’t want to go out there because we think of ourselves quite not there, but there are so many strengths we can leverage on; we have what it takes as shown in different sectors in Cebu.”
In the previous fintech festival, a total of two billion US dollars worth of capital was made available for start-ups in the financial technology industry. This year, a higher value was shared by top business investors to the startup companies.
The MATCH Philippines Roadshow will continue to provide an opportunity for local startups and enterprises to learn from and network with multi-stakeholder in the local startup community.
The MATCH Philippines Roadshow is supported by Startup PH, Techtonic, Cebu Chamber of Commerce and Industry Inc. (CCCI), Mandaue Chamber of Commerce and Industry Inc., Cebu Innovation Council, and Cebu IT BPM Organization (CIB.O), and other partners from the startup community including enablers nationwide.