Catherine Shu writing for TechCrunch;
Like India-based OYO (which received a $100 million investment from SoftBank this summer) ZenRooms works with budget hotels to create a network of rooms that it audits in order to provide standardized service. That way, customers are assured they will get a good night’s rest even if they have never heard of the hotel before.
ZenRooms will avoid competing directly with OYO by launching in different countries. It has already started operations in Indonesia, Thailand, and Singapore and eventually wants to become “the biggest budget hotel brand network in Southeast Asia,” says co-founder and global managing director Kiren Tanna, who was previously chief executive officer at Foodpanda, a restaurant delivery platform backed by Rocket Internet.
Rainier Allan Ronda writing for Philippine Star;
MANILA, Philippines – The Department of Science and Technology (DOST) can provide assistance of as much as P1 million to an inventor with a bright and viable idea or invention.
Edgar Garcia, director of the DOST’s Technology Assistance and Promotion Institute (DOST-TAPI), said that the agency has maximum assistance of up to P1 million for inventors and innovators to commercialize their ideas.
Philippine-based BagoSphere, a social enterprise startup that’s focused on solving youth unemployment, just announced that it received an undisclosed amount from Swiss investor elea Foundation for Ethics in Globalization, the news was published from Bagosphere website.
According to Bagosphere, the investment will be their second capital round of funding, lead by Swiss Investor elea Foundation for Ethics in Globalization. The Swiss firm will join Bagosphere’s existing investors that includes Kickstart Ventures and Small World Group Incubator in Singapore
Co-founder and CEO of Bagosphere Zhihan Lee said;
“I am excited to have elea foundation join BagoSphere in its mission in developing immense human potential to address poverty. Their investment, with the other investors will help us expand to new areas and build better immersive learning experiences for more people in the Philippines. We are also happy to be able to leverage on our investors to build a financially sustainable student loan financing model, which is crucial to allow the program to be readily accessible to low-income families.”
Since they launched last January 2013, BagoSphere have graduated 540 graduates, wherein 400 have been employed by BPOs even though 40% of them do not have any previous work experience. About 80% of BagoSphere’s students are high school graduates, and about 75% females. Once employed, the graduates receive an average starting salary and performance incentives of around P10,000 per month.
BagoSphere is currently operating in the cities of Bago and Bacolod, both in Negros Occidental.
Tomas S. Noda III writing for DealStreet Asia;
Incubator company Katalyst has postponed its mega startup funding event #Katalyst2015 in the Philippines slated on Friday, November 27.
The company said it decided for the rescheduling to accommodate more participants. The goal is to hold the largest startup funding event in the country.
I wonder if, they did not meet the number that they have in mind. Not too many Filipino-owned enterprises signed up for the event? Or conflict of schedule, since there have been a lot of startup events being held in the Philippines lately? Or the weather?
Let’s admit it, the Star Wars has the most iconic villain in movie history and this latest trailer of “Star Wars: The Force Awakens,” highlights the new baddies of its latest installment.
In my attempt to lay it out as a formula, I guess it pretty much works like this:
New company + Growth = Startup
Now I’ll take this interesting concept and somehow apply it to an individual’s context. So instead of starting a new company, let’s try starting a new “you”? I’ll put it this way:
New you + Growth = You as a Startup (YAAS)
According to Paul, there are three growth phases a startup should go through to become successful, and I will do my best to pick up the same tips for the YAAS concept.
Interesting concept, specially when you applying the startup principle to ones self and on how we can improve and advance our career.
An excellent 5 min read!
Jon Russell writing for Techcrunch;
Weeks after more than doubling the size of its fund for Southeast Asia, US-based VC firm 500 Startups has intensified its focus on the region once again after it increased the size of its micro-fund for Thailand to $12 million.
Yes, the first 20 seconds of the trailer is the catch scene from the Ant-Man.
Chrisee Dela Paz writing for Rappler;
On-demand ride-hailing app company GrabTaxi on Tuesday, November 24 launched two new services in the Philippines: card payment option GrabPay and chopper service GrabHeli.
Compare to UberChopper that appears to be a one time deal, GrabHeli will be available every weekend starting tomorrow, November 24, 2015.
— GrabTaxi Philippines (@GrabTaxiPH) November 17, 2015
For P3,888 ($82.57) per person, passengers registered with GrabPay can fly around Manila in an aerial tour of Makati City, Bonifacio Global City, and Pasay City.