Photo courtesy of San Francisco PCG
SAN FRANCISCO – Philippine Consul General in San Francisco Neil Ferrer on Wednesday, August 31 witnessed the virtual signing of a Memorandum of Agreement (MOA) between San Francisco-based Filipino American venture Dynamico Space and Philippine startup incubator StartUp Village, to promote Philippine startup companies in Silicon Valley.
Dynamico Space CEO JR Calanoc and StartUp Village Director Carlo Calimon signed the MOA on behalf of their respective organizations.
In his remarks, Consul General Ferrer said that MOA signing “seals the partnership between Dynamico Space and Startup Village, two like-minded organizations with a shared mission of developing highly innovative and globally competitive Philippine startup companies.”
”With the combined efforts of Dynamico Space and StartUp Village, and with the support from the one-country economic team of the Philippine Consulate General in San Francisco and the Philippine Trade and Investment Center in Silicon Valley, I can say with certainty that the future of the Philippine startup ecosystem looks brighter than ever,” Consul General Ferrer said.
Under its startup mentorship program, Dynamico Space will train its chosen Philippine startups under StartUp Village to make presentations or pitches that are attuned to the preferences, expectations and values of American investors and venture capitalists.
The Consulate has an ongoing public-private partnership with Dynamico Space to support Philippine as well as Filipino American startups in Silicon Valley, the global center for high technology and innovation.
Meanwhile, StartUp Village assists Philippine startups build disruptive technologies that will lead to groundbreaking products, which ultimately create new industries. StartUp Village assists startups in developing their ideas and business concepts, incubates them by providing mentorships and trainings, and links them with potential investors.
Following the MOA signing, Dynamico Space announced that it has selected two StartUp Village startups to join its two-month mentorship program: (1) Olivia, which transforms receipts and invoices into reports and digital assets in seconds with high accuracy; and (2) Lyon, which enables users to set up their own online learning spaces and create courses in minutes.
Olivia and Lyon were part of a group of Philippine startups that participated in Dynamico Space’s “pitch week” in July 2022.
Under the mentorship program, the two Philippine startups will be trained by Dynamico Space’s resident mentors to make presentations that are more apt to potential investors in the U.S., and will be tasked to pitch in a “demo night” at the end of the program.
In another development, Dynamico Space virtually welcomed a new group of Philippine startups under StartUp Village for a pitch session with Dynamico Space’s resident and guest mentors.
The three Philippine startups that made their pitches were: (1) PearlPay, an all Filipino-owned company founded in 2015 as an initiative to address the lack of digital infrastructure and accessibility in the countryside; (2) SurePlus, a social enterprise startup that empowers people to save more money and waste less, starting with surplus food, which they resell, repurpose and reallocate; and (3) Palamigan Co. – designs and manufactures the Brine Immersion Ice Machine technology, a shared ice and freezing facility opened in poor and rural communities. (PCGSF Release)
