Corporate-led venture builder F(DEV) has recently strengthened its partnership with EnterpriseSG to explore more initiatives to collaborate with Singapore enterprises and bring their innovative solutions to the Philippines.

EnterpriseSG is the Singapore government agency that supports the development of Singapore enterprises.

F(DEV) has shown strong support for Enterprise Singapore’s (EnterpriseSG) Global Innovation Alliance (GIA) Manila Acceleration program, in partnership with Plug & Play, by introducing Singapore startups to stakeholders in the Philippine startup and innovation ecosystem. Through the program, Singapore startups can get connected with the tech and business networks in the Philippines to further expand their presence in-market.

F(DEV) launches start-up portfolio geared toward underserved markets
Investree Philippines bolsters financial inclusion efforts with partnerships

EnterpriseSG will match Singapore enterprises to F(DEV), specifically those with innovative solutions that can address the interest areas of F(DEV) and its parent company Filinvest Development Corporation, such as in fintech, smart cities, and sustainability. These enterprises can then work with F(DEV)’s network of seasoned entrepreneurs, product specialists, venture operators, data mavens, designers, and engineers to run pilots with the conglomerate. F(DEV) will also draw from its extensive experience and network established through its parent company to support Singapore enterprises in their market entry and to facilitate the launch of new digital services and businesses in the Philippines.

Digital economy

“The strong support from corporates in providing extensive networks and valuable partnership opportunities has enabled Singapore companies to offer complementary and innovative solutions that can accelerate digital transformation in the Philippines,” said Kow Juan Tiang, executive director for Southeast Asia, Enterprise Singapore.

F(DEV) remains committed to helping tech startups flourish in the Philippines and driving the growth of the country’s digital economy, which is anticipated to be one of the fastest growing in Southeast Asia.

“We share the same vision with Enterprise Singapore to enable and empower promising tech startups and provide the means to launch and grow their businesses in a new market,” said Xavier Marzan, managing director, F(DEV). “Through open innovation, we open the country to international businesses and ventures which are keen to operate in the underserved Philippine market. We see opportunities and possibilities here in the country in terms of digitalizing various products and services, elevating our digital infrastructure, and opening up partnerships with corporates. In addition, with Singapore at the center of Southeast Asia’s growing digital economy, this partnership connects Philippine startups to the entire APAC region.”