Climate tech-enabled startups needed vs climate change
THE Philippines, along with the entire Southeast Asia region, is highly vulnerable to the impact of climate change. To address this, the country needs tech-enabled startups capable of delivering solutions that not only facilitate adaptation to climate change but also expedite large-scale decarbonization efforts. In a recent conference, 'Unlocking Climate Tech in the Philippines,' thought leaders, tech innovators and financial experts gathered to discuss the role of technology in mitigating climate change as a preamble to the Sustainability and Climate Festival happening within the Digital Pilipinas Festival 2023. The Philippines, along with the entire Southeast Asia region, is particularly vulnerable to climate change. The country needs tech-enabled startups that facilitate adaptation and decarbonization efforts. A conference at the Digital Pilipinas Festival 2023 called "Unlocking Climate Tech in the Philippines," discussed the role of technology in mitigating climate change as a preamble to the festival. The event was led by Digital Pilipsinas, the largest private sector-led movement for creating an innovation and technology ecosystem, in partnership with The Radical Fund, an early stage venture capital fund enabling an inclusive climate transition for a resilient Southeast Asia. The fund invests in pre-seed and pre-series A founders based in Southeast Asia and/or have operations and presence in the region.
Được phát hành : 2 năm trước qua The Manila Times trong Business Tech Environment
THE Philippines, along with the entire Southeast Asia region, is highly vulnerable to the impact of climate change. To address this, the country needs tech-enabled startups capable of delivering solutions that not only facilitate adaptation to climate change but also expedite large-scale decarbonization efforts. In a recent conference, "Unlocking Climate Tech in the Philippines," thought leaders, tech innovators and financial experts gathered to discuss the role of technology in mitigating climate change as a preamble to the Sustainability and Climate Festival happening within the Digital Pilipinas Festival 2023.
"Southeast Asia is one of the most adversely affected regions of the world when it comes to climate change, and yet investment is still predominantly going toward US and European ventures," affirmed Alina Truhina, chief executive officer (CEO) and founding partner of The Radical Fund. "We invest regionally, and at the earliest stages of VC (venture capital), because we need to build an ecosystem — and a pipeline — of climate-oriented companies with solutions that are appropriate and localized for the Southeast Asia markets."
"Radical Fund brings a wealth of experience in investing and supporting startup founders and entrepreneurs," said Enrique Gonzalez, chief executive officer of IP Ventures, as Radical Fund's Philippine partner. "By investing in the next generation of climate adaptation and mitigation entrepreneurs in Southeast Asia, we are accelerating hyper-local solutions which can scale regionally and across other emerging markets."
The event was organized by Digital Pilipinas, the largest private sector-led movement for creating an innovation and technology ecosystem, in partnership with The Radical Fund, an early stage venture capital fund enabling an inclusive climate transition for a resilient Southeast Asia.
Digital Pilipinas convenor Amor Maclang said, "With innovative startups and eager investors at the forefront, there is hope that the Philippines can navigate the challenging climate landscape and emerge as a climate-resilient and sustainable nation."
Other speakers championing the fight against climate change through technology included Zachary Lee, head of Investments of The Radical Fund; Marco Concio, CEO and co-founder of KITA; Jo Ann Eala, vice president of the Bank of the Philippine Islands; Karla Delgado, chief sustainability officer of the Transnational Diversified Group; Dustin Jefferson Onghanseng, CEO of UHoo; and Kelvin Lester Lee, commissioner at the Securities and Exchange Commission.
Gonzalez expressed how the Fund can unleash the potential of startups in the Philippines, saying: "The calamities will get more severe with climate change over time. We want to enable and empower Filipino entrepreneurs who are coming up with innovative businesses that help solve climate change."
The Radical Fund's investment goes beyond traditional cleanTech and climateTech verticals but also backs scalable ventures that may not look like traditional climate businesses and have — or may potentially have — climate impact as part of their model and ethos. This includes companies across agriculture, food, circular economy, financial and mobility/logistics, and other subsectors.
The Radical Fund invests in pre-seed and pre-series A founders who are either based in Southeast Asia and/or have operations and presence in the region. Composed of a six-person team based in Bangkok and Singapore, it has global team members in London, United Kingdom, and is hiring team members in the Philippines, Vietnam and Indonesia. It is backed by several high-profile regional family offices from the Philippines, Singapore and Thailand, together with individual investors from the United States and Europe.
Digital Pilipinas Festival Year 2, happening on Nov. 21 to 24, 2023, will host the Sustainability and Climate Festival showcasing more in-depth discussions on sustainability and climate tech solutions, and highlighting the urgent need for climate innovations. Click on https://digitalpilipinas.ph/.
Chủ đề: Climate Change, Startups, ESG