Quezon City launches business plan competition for students
MANILA, Philippines — The Quezon City government has launched a business plan competition to develop students’ innovative ideas through financial grants and mentorship sessions.
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Filipino clean energy startups need sustainable, infrastructure support — report
MANILA, Philippines — An international nonprofit organization on clean energy on Wednesday, September 18, reported that the Philippines faces sustainable financial and infrastructure gaps to support clean energy and climate startups.
She Loves Tech 2024: SM Supermalls empowers women entrepreneurs in technology
MANILA, Philippines — On August 2, 2024, SM Supermalls showcased its commitment to innovation and entrepreneurship by supporting She Loves Tech for the Philippine leg of She Loves Tech 2024.
Marcos vows conducive environment for inventors, startups
MANILA, Philippines — President Marcos yesterday vowed to provide a conducive environment for inventors and startups as he praised the ingenuity of Filipinos who managed to succeed despite limited resources.
Car-sharing startup gets P2.5M R&D grant from DOST
MAKATI, Philippines – An innovative tech startup in the car-sharing sector has secured a P2,896,115.00 grant from the Department of Science and Technology (DOST) to enhance its research and development efforts, particularly in the busiest cities and tourist areas of the Philippines.
Aboitiz Power confirms creation of renewable energy 'venture studio'
Aboitiz Power [AP 32.95 ?0.9%; 88% avgVol] [link] confirmed a report that it has created a “venture studio” – called 1882 Energy Ventures Incorporated (EVI) – to “build new startups in energy”. AP said that the goal is to encourage startups “to make a more decentralized energy system”, including businesses involving electric mobility and (according to the article) “energy internet of things and data”. AP said that they would update the exchange whenever there are “material concrete developments” with EVI.MB BOTTOM-LINE: From here it’s too soon to say whether EVI is a real thing or just a busywork vanity project. On the one hand, the Aboitiz Family has an unprecedented level of influence in the power and energy sector right now thanks to the family’s closeness with the President and the strategic positioning of its former executives in the highest energy positions in the land. It’s not hard to imagine a world where EVI benefits immensely from the inside knowledge that the Aboitiz Family has access to, allowing EVI to allocate resources with less risk and greater market certainty. On the other hand, though, the whole story is filled with buzzwords that I’ve been conditioned to sense, and whenever I see lots of these words together in one short paragraph, it tends to be a concern. Those words are things like “venture”, “studio”, “startup”, “decentralized”, and the phrase “internet of things”. Anyone who has lost buckets of money chasing vaporware shitcoins from the previous pump will know exactly what I’m talking about. The only thing missing is the “whitepaper”. Now I’m not calling EVI a vaporware shitcoin, but I am saying that it’s wearing the vaporware shitcoin uniform, so it has a steep uphill battle (in my eyes) to materiality.
Major music labels sue AI startups over copyright infringement
SAN FRANCISCO, United States — Some of the world's major music labels are suing music generation services Suno and Udio, accusing the startups of violating the copyrights of top artists to train their generative AI engines without permission.
Pitch contest funds climate startups
IMPACT investing is gaining traction as a tool for driving social and environmental change alongside financial returns. Priya Thachadi, chief executive officer (CEO) of Villgro Philippines and co-founder of Impact Pioneers Network, defined it as a channel of risk capital to entrepreneurs who are addressing climate change by creating solutions that «push us forward to net zero.» While traditional investments primarily focus on financial returns, impact investing «aims to generate financial, social and environmental benefits» alongside the latter.
Elon Musk drops lawsuit vs OpenAI, Sam Altman
SAN FRANCISCO, United States — Elon Musk on Tuesday dropped his lawsuit against OpenAI and its co-founders Sam Altman and Greg Brockman for betraying the startup's founding mission.