Nine Filipino and French early-stage startups presented their innovative ideas—from health, fitness, and real estate to machine-learning solutions—to potential investors at the virtual Startup Pitch Competition launch. 

The competition, launched by Digital Pilipinas and the French Chamber of Commerce in the Philippines (CCIFP) in partnership with La French Tech, kicked 2022 with a Startup Pitch CompetitionThe competition, launched by the French Chamber of Commerce and Industry in the Philippines (CCIFP) in partnership with La French Tech Philippines and Digital Pilipinas, aims to provide an avenue for French and Filipino tech startups to present solutions to many of the salient issues currently faced by the country. Digital Pilipinas is the biggest privately led movement to champion the digitization of the Philippines.

“This pitching contest is an illustration of a continuous action of the French Chamber to link Filipino and French businesses,” French Ambassador to the Philippines H.E. Michèle Boccoz said in her opening remarks.

“Amid the COVID-19 pandemic, it is the best time for us to see what needs our attention and how businesses can help. Innovation and creativity brought by startups are crucial.”

The French Ambassador also cited a study by Core Venture Capital, which showed massive growth in the Philippines startup ecosystem, raising $858 million in the first ten months of 2021, or 97.83 percent of the total equity raised from 2017 to 2020. 

“The Philippines ended 2021 as the fastest-growing internet economy in Southeast Asia, posting a gain of 93% from 2020,” she added.

During the competition, startups were given time to pitch to multiple investors, allow them valuable exposure, and get invaluable feedback. They can also expand their network and potentially build partnerships. But most importantly, the rising entrepreneurs are allowed to secure funding and accelerate their business. 

“We hope to be able to raise innovation in technology for the country. Digitally-enabled platforms are seen to influence business value in the next decade. The digital economy of the Philippines can create up to P5 trillion in value through digital transformation by 2030, equivalent to 27% of the country’s GDP (gross domestic product),” said Amor Maclang, convenor of Digital Pilipinas and a board member of the CCIFP.

Following the competition proper is a networking session that will facilitate an exchange of thoughts and ideas and allow the event’s diverse participants—students, community builders, investors, executives, and founders alike—to connect and leave lasting impressions. 

Altogether, the event was envisioned as a vehicle for seizing and actualizing opportunities, big and small: pitching a startup venture or sharing ideas with like- and differently-minded individuals from various backgrounds.

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