MANILA, PHILIPPINES — The 2023 Alibaba Netpreneur Masterclass kicked off with its opening ceremony at the KMC SM North EDSA Tower 1 offices in SM North EDSA on July 27.
The Alibaba Netpreneur Masterclass, as put together by official partners Alibaba Cloud, Gobi Partners, Gobi-Core Philippine Fund, and JCI Manila, creates a bridge between local founders, CEOs, business owners, and an elite network of over 200 Alibaba Netpreneur alumni across 31 cities in the country who collectively have raised over US$53.2 million for hundreds of sustainable enterprises.
This year, the take-up within the Philippines has impressed the organisers with 236 participants from 69 different cities and municipalities signing up.
The 142 male and 94 female participants join the program have it in mind to retrieve first hand-knowledge from Alibaba Executives and Industry Leaders on thriving in the digital economy, the development of China’s digital economy, the mindset-shift traditional businesses have undergone through digital transformation, and to gain actionable insight from Alibaba’s continuously evolving ecosystem.
Gobi-Core Philippine Fund Partner and Head of ESG at Gobi Partners Carlo Chen-Delantar presented presented GUIDE (Gobi University Innovation Development Ecosystem), an entrepreneurship support and development knowledge network for startup founders.
“We have a long way to go but we have to start somewhere,” he said, motioning that innovation is not limited to big cities like Metro Manila. It’s in the provinces and in the smaller cities too. “Hence, it’s deeply encouraging to note that 64 participants hail from Luzon ex-Manila, 20 are from the Visayas, and 12 are from Mindanao.”
GUIDE programs are intertwined with those of partners ranging from Alibaba Global Initiatives and UN Women to university-based incubation and innovation centers with the consistent goal of filling major gaps in the venture support ecosystem.
Within this institutional network, the Alibaba Netpreneur Masterclass is a pivotal piece, finding burgeoning talent in The Philippines and equipping founders with mentors, tools, and the mindset to scale atop the digital economy.
“It’s encouraging to see increased and diversified participation this year versus last year,” said Carlo. “We’ve increased the number of participants from last year, and we look forward to increasing these numbers year on year, so that more of the exceptional talent we’re already seeing at Gobi-Core is connected with the networks and knowledge necessary to scale their businesses and reach the potential we see them as capable of reaching.”
Launched by Alibaba Global Initiatives (AGI), the masterclass embodies the purpose of AGI.
Pools of capital have been awakening to the depth of talent and creativity in the Philippine tech ecosystem, driving US$ 928 million into the VC investment space in 2021 alone. This wave of funding, on top of recent government support, gives entrepreneurs ample resources to scale their businesses into profitability and sustainability.
