BusinessWorld
The common comment among all the judges was how much the quality of Philippine startups has grown, said Sophia “Phoebe” C. Fontanilla, investment associate at TechShake, a startup ecosystem builder and co-organizer of the Ignite 2022 event, where the competition was held.
“As the representative of the Philippines in the largest startup competition in the world, they had to choose a winner based on scalability and replicability,” she said in an Oct. 17 e-mail. Although the other entries also had the potential to scale, “Packworks’ business model and market traction were what clearly made it stand out.”
Judging the winners of the competition’s Philippine leg were leaders from SOSV/MOX, Plug and Play, Quest Ventures, Integra Partners, RISE, Unfold Ventures, and QBO Innovation Hub.
