Echelon Philippines 2024 is a premier tech event in the Southeast Asian startup scene. Happening on September 26-27 at the SMX Convention Center Manila, this gathering is designed to bring together entrepreneurs, investors, and industry leaders to drive innovation and growth in the tech sector. With a robust lineup of speakers, workshops, and networking opportunities, the event aims to accelerate the development of local startups and enhance their visibility on the global stage.

The event provides a dynamic environment for knowledge exchange, where participants can engage in meaningful discussions and gain insights into the latest trends and challenges in the tech industry. Beyond just networking, Echelon Philippines 2024 offers opportunities for collaboration, allowing startups to connect with potential investors, mentors, and partners who can help accelerate their growth. The event also emphasises the importance of scaling, with a focus on strategies to take local innovations to a global audience. By fostering these connections, Echelon aims to position the Philippines as a leading hub for technology and entrepreneurship in Southeast Asia.

Also read: OceanBase INFINITY: Empowering Indonesia’s digital economy

Among the event’s highlights, a dynamic group of startups, corporates, and investors will also be exhibiting their groundbreaking solutions, showcasing the dynamic innovation within the Philippines. Get to know the first 12 exhibitors who will be showcasing their innovations at Echelon Philippines!

Meet 12 of the Echelon Philippines exhibitors

• Secuna

Secuna is the Philippines’ first and only vulnerability coordination platform, dedicated to bolstering the security infrastructure of organisations. By enabling cybersecurity professionals to collaborate and manually identify vulnerabilities, Secuna plays a crucial role in preventing potential threats before they can be exploited by malicious actors. This proactive approach helps businesses stay ahead of cyber threats, ensuring their systems and data remain secure.

• XFLO

XFLO is a B2B SaaS company specialising in AI-powered workflow automation, offering businesses a powerful tool to enhance efficiency. Their platform integrates large language models (LLMs) and third-party applications, allowing for the creation of customisable, automated workflows that streamline various processes. By automating data processing and other critical tasks, XFLO enables companies to increase productivity, reduce errors, and stay competitive in their respective industries.

• Brankas

Brankas provides cutting-edge open finance technology that facilitates digital transformation for financial institutions and tech companies across Southeast Asia. Their APIs support a wide range of financial services, including instant payments, credit scoring, and bank account opening, which are crucial for increasing financial inclusion, particularly in emerging markets. Brankas’ solutions empower businesses to launch new financial products quickly, contributing to greater accessibility and innovation in the finance sector.

• Founders Launchpad

Founders Launchpad is a dynamic early-stage startup accelerator that provides more than just funding—it offers comprehensive operational support and expert mentorship. By working closely with high-potential startups, the accelerator helps them overcome initial challenges and scale their businesses effectively. Founders Launchpad’s industry-agnostic approach means it nurtures innovation across a wide range of sectors, making it a vital player in the startup ecosystem.

• Plug and Play

Plug and Play is a global innovation platform with a mission to accelerate technological advancement by connecting startups with the resources they need to succeed. With a presence in over 50 locations worldwide, Plug and Play provides accelerator programs, corporate innovation services, and venture capital support. Their extensive network of corporate partners and investors has made them a cornerstone of the global startup ecosystem, helping companies scale from Silicon Valley to markets around the world.

• Zoho

Zoho Corporation is a global leader in software development, offering a suite of over 55 applications across key business functions such as sales, marketing, and customer support. Unlike many tech giants, Zoho operates without an ad-revenue model, focusing instead on privacy and user empowerment. With more than 100 million users worldwide, Zoho continues to revolutionise how businesses operate, providing tools that are both powerful and user-centric.

• Smile API

Smile API is a revolutionary platform that streamlines access to verified data sources, playing a critical role in industries where data accuracy and reliability are paramount. Their suite of APIs allows businesses to retrieve and validate user information in real time, significantly reducing the risk of fraud and enhancing decision-making processes. By integrating data from government databases, gig economy platforms, and more, Smile API provides a comprehensive solution for secure and efficient data management.

• InsightGenie

InsightGenie harnesses the power of AI, data analytics, and behavioural science to revolutionise decision-making processes across various industries. Their platform is designed to provide organisations with tailored, data-driven insights that enhance efficiency and effectiveness in operations. Whether in finance, healthcare, or other sectors, InsightGenie’s solutions are customised to meet the unique needs of each client, enabling smarter, more informed decisions that drive business success.

• BuildHub

BuildHub is an innovative online B2B construction marketplace that bridges the gap between hardware stores and suppliers in the Philippines. The platform streamlines the construction value chain by simplifying the processes of product canvassing, procurement, and delivery. By addressing challenges in fulfilment and financing, BuildHub facilitates smoother transactions and stronger connections within the construction industry, paving the way for more efficient and collaborative project management.

• A2D Ventures

A2D Ventures is committed to democratising venture capital across Southeast Asia, enabling broader access to early-stage startups to create positive social impact. By supporting job creation, promoting inclusion, and fostering sustainable growth, we empower individuals and communities. Our participation in Echelon Philippines aligns with our mission to support Filipino entrepreneurs and startups that embody these values, driving a more inclusive entrepreneurial landscape.

• KwikCare

KwikCare provides affordable, monthly-billed HMO plans tailored for individuals and small groups, ensuring accessible health coverage. Our comprehensive plans include check-ups, tests, hospitalisations, and emergency care, offering peace of mind at a competitive price. We aim to make essential healthcare services more accessible to a broader audience.

• Gateway of Asia

Gateway of Asia is dedicated to forming exceptional partnerships by meticulously addressing every detail essential for your business success. We offer tailored solutions in Accounting, Tax, Regulatory Compliance, Singapore Incorporation, and Corporate Secretarial Services, ensuring your business reaches its full potential. With us, you’re not just working with a service provider; you’re partnering with a team that shares your vision for extraordinary achievements.

Meet these 12 organisations at Echelon Philippines!

At Echelon Philippines, these exciting and diverse organisations will be joined by key leaders, visionary entrepreneurs, and innovative startups from across the region. They will converge for an action-packed two-day event on September 26-27 at Level 2, SMX Convention.

Also read: Unlock the secrets to IP success at IP Week @ SG 2024

Echelon Philippines 2024, hosted by e27 in partnership with Brainsparks, offers dedicated content stages, exhibitions, panel discussions, and much more — all designed to support and empower the regional tech startup ecosystem with practical insights through various knowledge-sharing activities.

Whether you’re looking to expand your expertise, connect with influential figures in the tech startup world, or present your groundbreaking ideas, Echelon Philippines 2024 presents an unmatched experience sure to give you and your company a boost. Secure your spot now on our official page and join us as a participant or an official partner. Together, we can shape the future and create a lasting impact.

Join us at Echelon Philippines 2024, where innovation knows no boundaries and the possibilities are limitless!

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In an interview with e27, Huanbo Luan, CEO and Founder of 6Estates, highlights a significant skill mismatch as one of the primary challenges faced by artificial intelligence (AI) leaders in Singapore.

“Rapid new technological advancements in recent years have contributed to a gap between the workforce’s skills and industry needs,” he notes.

As AI technology continues to evolve at a breakneck pace, the skills required by industries are shifting, often leaving professionals struggling to keep up. This gap poses a serious challenge to developing a robust talent pool in Singapore.

Another challenge identified by Luan is the highly competitive market for AI talent. He explains that top talent is often drawn to more attractive opportunities in other regions with more mature and well-funded ecosystems, such as the US and China. Additionally, Big Tech companies offer lucrative packages that can be difficult for local firms to match.

To address these challenges, Luan emphasised the importance of upskilling programmes. “We believe that a key part of the solution is to provide high-quality AI upskilling programmes, focusing on both technical and commercial elements, in collaboration with academia and industry,” he says.

Also Read: “Talents tend to overlook imperfect company cultures if salary meets their expectations”

Luan also stresses the need for companies to offer clear career pathways and opportunities for advancement within organisations. This would help retain top talent and motivate professionals to continue developing their skills.

Finally, Luan underscores the role of the public sector in fostering the growth of the ecosystem in Singapore. Supportive policies and regulations that promote AI adoption, development, and funding are crucial to strengthening companies’ ability to compensate and retain talent.

Building an AI career in Singapore

When asked about building a career in AI in Singapore, Luan stresses that it demands more than technical proficiency; it requires a blend of skills and qualities that align with the field’s fast-paced, innovation-driven nature.

A continuous learning mindset is one of the most crucial qualities of AI talent in Singapore. The landscape is rapidly changing, with significant developments happening more frequently than ever before.

“Where once we might have seen major advancements on a quarterly or yearly basis, today’s AI professionals must stay up to date with new breakthroughs that can occur almost monthly. This constant evolution means that AI talent must be committed to lifelong learning, always seeking to expand their knowledge and skillset to keep pace with the latest trends and technologies,” he explains.

Another essential quality is alertness to advancements in key markets, particularly the US and China. These countries are at the forefront of AI research and application, and innovations often emerge from these regions before spreading globally. This awareness allows them to identify cutting-edge technologies and applications that can be adapted and implemented locally, ensuring Singapore remains competitive globally.

Also Read: Infrastructure, talents are some of the challenges finance industry faces in adopting AI: Provenir

In addition to staying informed, AI professionals must focus on practical applications. The technology’s true value lies in its ability to solve real-world problems and transform processes within specific industries.

“In our experience as an Enterprise AI specialist in this region, customers aren’t interested in purchasing fundamental models; instead, they want business-ready, LLM/AI-powered applications.”

Lastly, strong interpersonal skills are essential for AI professionals in Singapore. Successful implementation requires collaboration across various sectors, including academia, industry, and government. Understanding the diverse needs and motivations of different stakeholders is crucial for effectively applying AI in ways that benefit all parties involved.

As advice to aspiring AI talents in Singapore, Luan advises them to continuously update their knowledge on both academic advancements in LLMs and the latest commercial applications of GenAI. “Pay attention to developments in Singapore and abroad.”

He also suggests talents to build a strong network by attending AI-related groups, events and conferences.

“This will improve your understanding of the landscape,” he closes. “Seek internships, projects, and real-world applications to build hands-on experience.”

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Image Credit: 6estates

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The healthtech, edutech, and blockchain verticals dominated Southeast Asia’s startup funding landscape in the past five years, according to Tracxn research.

The healthtech sector garnered US$1.5 billion in investments, contributing more than 87 per cent of the total funds raised to date in this space. Halodoc (which secured US$245 million), Doctor Anywhere (US$172.3 million), and HealthifyMe (US$105 million) led the pack.

After the COVID-19 pandemic, healthtech financing rose sharply, reaching a peak of US$515 million in 2023, primarily driven by an increase in early-stage investments, which attracted US$308 million.

Also Read: Funding into SEA’s female-led startups falls 42% to US$480.8M in 2023: Tracxn

Insurtech also gained significant momentum in the last five years, driven by ongoing digital transformation initiatives. The sector has amassed US$1.8 billion to date, 80 per cent of which (US$1.47 billion) came in the past five years. Key insurtech players driving this growth included Bolttech, Singlife, and Qoala.

The edutech sector also maintained a high overall contribution, accounting for 94.5 per cent of the total funding. However, there has been a sharp decline since 2021 as the demand for remote learning solutions waned.

The edutech vertical experienced its peak investments in 2021, with a total of US$0.98 billion raised. This aligns with global trends, as the pandemic accelerated the adoption of edutech solutions.

However, 66 per cent of the edutech funding raised in 2021 was thanks to a significant US$650 million funding round by Emeritus. Additionally, 88 per cent of the funding in 2021 was raised by just three companies: Emeritus, Ruangguru, and Lingoace. Notably, none of these companies have managed to raise equity funding post-2021.

Also Read: Startup funding in SEA falls 65% to US$4.3B in 2023: Tracxn

Blockchain technology in the region also witnessed its peak investments in 2022, with US$2.3 billion raised. Although funding declined sharply in 2023, this year so far has seen a notable recovery with US$463 million raised, already exceeding the total funding of 2023.

Amber Group led the blockchain sector, with US$628 million in funding, followed by Sky Mavis (US$311 million).

Other notable sectors that performed well in the past five years include energy tech and gaming.

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Image Credit: 123RF.

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MADCash, a Malaysia-based fintech startup led by CEO Nuraizah Shamsul Baharin, aims to empower women entrepreneurs through innovative financial solutions.

The company primarily focuses on women running nano and micro businesses—often solo entrepreneurs who manage operations from their homes or roadside stalls near their residences. These women, while earning a daily income, face significant challenges due to their vulnerability to economic fluctuations, climate impacts, and the lingering effects of the pandemic. Moreover, many of them are either underbanked or have poor credit histories.

Recognising this gap, MADCash has developed a unique approach to micro-funding that differentiates it from competitors. “Compared to our competitors who charge an interest or management fee, we provide zero per cent interest loans,” says Baharin.

She emphasises that MADCash is not in the business of simply giving out loans. Instead, the company is committed to working with these women for a year, helping them grow their businesses and break free from the cycle of debt. The loans offered by MADCash do not require collateral, guarantors, or group loans.

This approach is complemented by MADCash Academy, which offers a robust support network of mentors and peers to guide these entrepreneurs. “This merger of zero per cent micro-funding with entrepreneurship development and 12 months of handholding is what makes us stand out,” Baharin adds.

Also Read: The climate change and gender equality connection: How to support underfunded women-owned business

The company’s journey began with a focus on profiling the women it aimed to support and tracking metrics related to its business growth. Over the past three years, MADCash has expanded its tools to improve profiling and measure more impact metrics.

Its recent expansion into Tajikistan prompted further innovation, including the modularisation of its programmes and the addition of multi-language options to better support the region. “Our product development process is driven by what our funders need and balanced with what our beneficiaries need to build better businesses,” Baharin explains.

MADCash making impact internationally

MADCash’s business model revolves around strategic partnerships with banks and corporations, which provide Corporate Social Responsibility (CSR) funds to support underserved communities. These funds are received as donations and distributed either as grants or zero-percent-interest loans, depending on the region.

In addition to these financial contributions, funders allocate separate funds for MADCash’s entrepreneurship programme, which is a key revenue source for the company, helping it acts as an incubator.

Participating in the Technology for Sustainable Social Impact (TS2) programme has been immensely beneficial for MADCash. The mentorship from individuals such as Joe Rouse has been particularly impactful, helping the company align its next steps and apply critical insights to maintain its mission-focused approach. Additionally, the programme offered unique content delivered by excellent professors and trainers who provided valuable lessons on balancing social impact with business objectives.

The programme has also played a crucial role in introducing MADCash to potential collaborators, significantly extending their networks as they work towards expanding their reach both in Singapore and globally.

“We are looking forward to running our first pilot run in Singapore in August 2024 while working on onboarding 1,000 women in Malaysia. We have signed an LOU with a partner in Dhaka, Bangladesh, and look forward to working on our pilot project in 2025,” Baharin closes.

“We are also building more business, financial and mental health content for MADCash Academy.”

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Image Credit: NUS Enterprise

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In today’s digital age, the ticketing industry faces numerous challenges, with scams and counterfeit tickets being among the most significant. Traditional methods, like QR codes, are increasingly vulnerable to fraud. Blockchain technology presents a promising solution, not by simply patching these vulnerabilities but by fundamentally transforming how tickets are managed and distributed.

Eliminating QR codes: A step toward security

QR codes, while convenient, have become a common target for scammers. Blockchain offers a way to remove the reliance on QR codes altogether. By leveraging decentralised ledgers, each ticket can be issued as a unique digital asset that is virtually impossible to counterfeit. Unlike a static QR code that can be duplicated, a blockchain-based ticket is a dynamic entity with a secure, traceable history.

Enhanced data for organisers: A new level of insight beyond security

Blockchain enables event organisers to gain unprecedented insight into the secondary ticket market. Each transaction, transfer, or resale of a ticket is recorded on the blockchain, providing a transparent and tamper-proof trail. This means organisers can monitor ticket movement, identify scalpers, and even set parameters on resale prices or conditions. The result is a more controlled and fair marketplace that benefits both the organisers and the fans.

Timing is everything: Why blockchain’s moment has finally arrived

Five years ago, the idea of using blockchain for ticketing was in its infancy. The world was just beginning to explore the potential of this technology, but it was too early for widespread adoption. At that time, there were significant barriers: no integration with mainstream payment options, a lack of user-friendly interfaces, and the high cost of minting tickets on the blockchain made it impractical for the average consumer. The infrastructure simply wasn’t ready.

Also Read: Transforming the ticketing industry: Tessera’s vision for fair access and innovation

Today, however, the landscape has changed. We now have blockchain platforms that are more efficient, cost-effective, and, crucially, better integrated with existing payment methods. This evolution allows us to harness the power of blockchain without the drawbacks that once held it back. The timing is perfect for us at Tessera to leverage blockchain in a way that enhances ticketing without disrupting the user experience.

Seamless user experience: Technology behind the scenes

While we recognise the power of blockchain, our primary focus is on the user experience. We believe that technology should work behind the scenes, enabling innovation without complicating the user’s journey. For the end customer, buying a ticket should be as simple as ever. Whether purchasing through Apple Pay or using any other familiar payment method, the process remains intuitive and straightforward. The blockchain’s complexity is abstracted away, ensuring that users are not burdened with understanding or managing the technology.

Blockchain as a tool, not the solution

It’s essential to emphasise that blockchain is a technology, not the solution itself. The solution lies in how we use this technology to address real-world problems. We view blockchain as a tool to enhance security, transparency, and data accessibility without compromising the simplicity and ease of the ticketing process. Our goal is to ensure that end users experience all the benefits of blockchain without needing to interact with it directly.

In conclusion, blockchain has the potential to revolutionise the ticketing industry by eliminating outdated methods like QR codes and providing organisers with more control and insight into the ticket market. At the same time, Tessera is committed to ensuring that this technological advancement enhances, rather than complicates, the user experience. After all, the best technology is the kind that users don’t even realise is there.

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