Synthillate: Asia Pacific's First Intellectual Property Bank

PROBLEM 1: UNTAPPED POTENTIAL OF IP IN THE PHILIPPINES

According to the WIPO, only 2-5% of patents and intellectual properties (IP) worldwide realize their full economic potential. Around 95-97% end up being shelved, forgotten, or simply used one-time for research publication purposes, and do not simply advance to make any financial, economic or social impact.

Despite these, the economic impact of the few utilized IPs is measured to be around USD2.1 trillion. Similarly, in a meta-study conducted by NASA, “for every dollar spent on R&D, the return is around eight-to-tenfold.”

In the Philippines, we’ve also seen increased activity in the IP scene. Unfortunately, there remain wide gaps. According to IPOPHIL data, only around 0.5-1% of patents and IPs realize their economic potential (compared to 2-5% globally). Moreover, analysis on IPOPHIL data in 2018-2020 shows that 90-94% of applications prematurely expire (compared to 40% globally) due to IP owners declining payment to advance the application or examination.

This is a big problem in the academe, where research projects and IPs are mainly used for academic compliance. This is also a big problem among inventors, where specialists usually do not have the temperament or skillset needed to operate a supply chain, manage a team, or commercialization. This is also a problem among startups, where country market-fit or market timing may hinder the full realization of the potential of their innovation in the Philippines, which could objectively be beneficial in another market or in the future. A report in the Philippine House of Representatives estimates that around PHP347 billion is lost annually due to missed opportunities in research and development.

PROBLEM 2: UNREACHED MSMES AND INDIVIDUALS WITH CURRENT TRADITIONAL FORMS OF FINANCING

On the other hand, current traditional forms of financing are not reaching more than 90% of the population of the Philippines, or around 85 million individuals nationally.

According to the IMF, the Philippines has one of the highest income inequalities in East Asia with a Gini coefficient of 42.3%, where the bottom 50% of the population only share 14% of all the national wealth.

Despite this, the Philippines has developed a strong culture of education, with most students having either only finished senior high school or at least attended collegiate subjects. Indeed, the Philippines has a literacy rate of 99.27%, despite its high income inequality.

However, despite the literacy rate, most Filipinos lack either a good financial history or don't have any financial history to be able to secure business loans and financing to make necessary innovations come to life.

With Synthillate, we aim to unlock the financial value of IPs and capitalize on their use as financial capital as a means of securing alternative IP financing to drive further financial inclusion and economic growth.

Synthillate is an innovative solution that convert intellectual properties into financial assets, whereby marginalized individuals, MSMEs and communities can use IPs to secure alternative IP financing with IP as collateral or securities. More than that, we use advanced financial engineering methods so that individuals with IP can use the IP they have in a variety of financial use cases.

There are a variety of methods of financializing intellectual property as assets to secure business financing in order to drive economic growth and inclusion.

IP-backed lending allows firms to maximize the economic value of their IP to obtain loans from banks or other financial institutions. IP can directly be pledged as collateral in a loan agreement so that the lender can seize it if the firm becomes insolvent. Alternatively, the rights to future IP-generated income can be transferred against an upfront loan. A simple and frequently used instrument from this category is a loan secured by the stream of revenues deriving from licensing or royalty agreements, which typically involve portfolios of copyrights or patents.

The “IP sale and lease back” a firm sells its IP to a specialised investor in exchange for immediate funding, while purchasing the license for its IP-protected operations and products. At the end of a specified term, the firm normally retains the option to buy back the IP asset at a predefined price. The advantage of this model is that the firm can increase its liquidity for short-term operations while maintaining the use of its IP.

You can learn more about our solution through this link:

1) Overview of Synthillate

Overview of Synthillate

2) Video Demo of Synthillate

https://drive.google.com/file/...

In Synthillate, we believe in creating a holistic solution that covers communities from the bottom to the top, thus we have decided to aid underserved demographics in the Philippines which are outside the means of financial inclusion, such as indigenous communities which typically have little to no access to financial institutions, small entrepreneurs and individuals seeking to start businesses, microfinance institutions which lend out small capital for these individuals to be able to start their own businesses, particularly in remote regions in the Philippines where there is an absence of banks, and Filipino students who have created IP during their time in school. 

Many small business owners and aspiring entrepreneurs struggle to access financing from traditional sources like banks due to the lack of formal banking institutions in their communities as well as the lack of a strong financial track record due to being unable to open a bank account in the first place. However, our solution could help these entrepreneurs by providing an alternative way to secure financing. By leveraging their intellectual property (IP) as collateral, or loans, or other financial instruments, these business owners could potentially access funding without needing to rely solely on their financial history. 

In the same way, we would like to address the needs of indigenous communities which have rich traditions and knowledge that could be leveraged for innovation and business development but might not have access to the same resources and financial institutions as entrepreneurs. We could help these communities by providing support and resources to help them monetize their IP and build successful businesses where they can feel safe in having the control over their community’s IP while showcasing them to outsiders.

Many students may have valuable intellectual property (such as patents or trademarks) that they've developed as part of their academic work, but they may not know how to leverage this IP for commercial purposes, thus leaving all these valuables in school storerooms or even local junkshops. Our solution could help these students by providing education and resources on how to monetize their IP, potentially allowing them to turn their ideas into successful businesses.

Lastly, microfinance institutions, particularly in remote provinces in the Philippines do not have the expertise or resources needed to properly assess the value of intellectual property when making lending decisions, and thus are unable to incorporate IP in their borrowers’ credit histories. We aim to provide these institutions with the tools and knowledge needed to assess IP value, potentially allowing them to expand their lending portfolios and support more individuals such as entrepreneurs, who need the extra support in order to build up businesses for their own benefit as well as for the benefit of their community.

Our team is perfectly capable of serving our target beneficiaries due to continuous research being done by our team since before the pandemic. In the past we have conducted a needs assessment of various microentrepreneurs in our city and have gathered information on microfinance institutions all over the Philippines. While we have made contact with all financial institutions in our city, we are planning on reaching out to even more cities in the Philippines, particularly in the rural areas where banks are practically nonexistent. In order to reach out to these institutions and individuals, we have a member who is experienced in reaching out to both rural and indigenous communities and have previously formed partnerships with local government units and small businesses.
We also have financial experts who are able to not only understand the world of Philippine finance, but are capable of forming partnerships and holding workshops and demonstrations to microfinance institutions, indigenous communities, students, and MSME entrepreneurs. So far, we have successfully partnered with more than 60 school organizations and more than 350,000 individuals in our quest for IP financialization. 

In line with our team’s capability to financialize IP, we also have legal experts who help us in matters of the law. We have determined that our solution is perfectly legal in that intellectual property could be turned into a financial asset by its owner and creator with their help. Also, our members can help us with any legal problems that might arise during our operations. We are also constantly up to date with any new legislation in the Philippines concerning finance and other related matters.

With our team combination, we are confident of maintaining our current partnerships with our target beneficiaries as well as continuously form new ones through friendly approach and sheer business acumen as we believe that our solution can help more and more people all over the Philippines.

Our solution currently caters to a population of more than 350,000 individuals in the Philippines such as MSME entprereneurs, indigenous communities, academe, researchers, inventors and business owners.

Additionally, we cater to more than 60+ partner organizations such as CSOs, student organizations, business networks, indigenous communities and more.

As a Solver, our team has been able to overcome cultural, and technical barriers in our country so far, but we are hoping that Solve can help us form partnerships with a diverse community of Solvers from all over the world to be able to share best practices, generate ideas, and creative positive impact for each other’s solutions.

Since Synthillate has innovation at its core advocacy, we also aim to provide evidence-based and technology-based solutions that we believe can benefit more and more individuals all over the world. Starting from our home country, the Philippines, we plan to make our solution available globally.

Synthillate is a fintech startup that is involved in the assetization, securitization and financialization of intellectual properties and R&D. In other words, we convert intellectual properties into financial assets. This expands the opportunities for intellectual properties and R&D in the following ways:

 IP as Collateral for Business Loans

IP Collateralization refers to the utilization of the economic value of the IP to obtain loans and other forms of financing. Through this, intellectual properties, as well as IP rights and IP-based contracts can be directly pledged as collateral in a financing agreement. If the borrower becomes insolvent, this could either take in the form of (1) IP itself as the principal pledge, (2) a guarantee to future generated income from the use of the IP, or (3) the ownership of certain IP rights and contracts, such as an exclusive distribution agreement or territory-based licensing rights.

 Fractional Ownership of IPs and IP Rights into Units

Typically, intellectual property ownership is owned by the Assignees in a patent document. With fractional ownership, however, additional parties can own a unit or percentage of either intellectual property and IP rights. This allows for direct funding of IP in the form of obligation-based financial contracts.

 IP and IP-Based Contracts as Valuable Financial Security and Property

Tech Transfer Arrangements and Licensing Agreements are usually the commercialization routes of intellectual properties. As a contractualized financial property, however, other financial and economic benefits could be derived from the IP and IP-Based Rights. Not only that, IPs of the same class or of different classes can be combined or sub-divided to produce distinct financial and economic benefits, producing an entirely new asset class.

 IP as Rental Property

The direct monetization of intellectual properties usually deal with the outright sale or transfer of patents, industrial designs or other IPs and their IP Rights to a buyer. However, with the financialization of IP, they can also be treated as rental properties, of which multiple IP-Based Contracts can derive various financial value, such as branding agreements, co-shared royalty percentage ownership, manufacturing rights, exclusive distribution contracts, and sub-distributorship agreements.

 Trading & Exchange of IP-Based Fractional Units or IP-Based Rights & Contracts

IP and IP-based contracts and their rights divided into units can then be traded and exchanged with our platform, to expand possibilities for the market.

The Philippines has one of the highest income inequalities in East Asia with a Gini coefficient of 42.3%, where the bottom 50% of the population only share 14% of all the national wealth.

Despite this, the Philippines has developed a strong culture of education, with most students having either only finished senior high school or at least attended collegiate subjects. Indeed, the Philippines has a literacy rate of 99.27%, despite its high income inequality.

With this, we believe in taking the old adage "education is the great equalizer" to the next level. At some point in their lives, each Filipino has developed a research project or thesis as part of their academic requirements.

Through Synthillate, they can finally maximize the financial potential of the intellectual properties they have created and thus bring about transformational change in their lives. Whether that means IP being commercialized, or their IP can be used as collateral in securing business loans, we believe that this is the next big step in transforming a highly educated yet poverty-stricken society.

More concretely, we aim to bring about economic inclusion through the following impact goals:

Namely, we have 4 impact goals in the next five years that we have identified to achieve to bring about transformational change in our target beneficiary populations:

1. By 2028, promote and ensure the inclusive utilization of domestic intellectual properties from diverse fields and sectors of the population with 100,000 IPs being fully utilized
2. Significantly increase access to information and communications regarding intellectual property education, know-how to underserved communities in the population by 50%
3. In the next 5 years, facilitate sustainable and resilient financial infrastructures that enable alternative IP-based financing and collateralization with a total of USD1 million alternative financing
4. Promote the inclusive development of several local communities in the Philippines such as microentrepreneur communities, indigenous communities, student communities and researchers

For the first impact goal, we can achieve this through the following activities that we are currently implementing such as ongoing IP knowledge transfer and algorithm improvements. This could involve hosting webinars or workshops to educate stakeholders on IP utilization, providing access to the IP bank platform, and continually improving the algorithm to better match IP assets with potential partners:

• >Expanding the portfolio of the IP Bank
• >Facilitating IP Knowledge Transfers
• >Improving the Synthillate Algorithm Parameters

For the second impact goal, we can significantly increase intellectual property literacy through the following means we have identified:

• >Microentrepreneur IP Training Programs
• >SME Capability Building Exercises for IP Usage
• >Save Our Research (SAVOR) Campaign

Thirdly, to facilitate the transition of financial institutions to alternative IP financing and accepting IP as collateral, we are embarking on the following activities:

• >Microentrepreneur IP Training Programs
• >SME Capability Building Exercises for IP Usage
• >Save Our Research (SAVOR) Campaign

Lastly, we are pursuing community development by engaging and ensuring strong partnerships and collaborations with the following communities:

• >Cultivate partnerships with Academe  & CSOs 
• >Discuss policy changes with PH Government
• >Engage with indigenous and local communities

For Synthillate, the following are the key indicators that we are using in line with the SDG indicators to effectively measure our progress towards real and tangible transformational change:

1) IP utilization rate - measures the extent to which intellectual property (IP) is being utilized by its owners or licensees. It reflects the degree to which the IP is generating value or revenue through its commercialization, licensing, or other forms of monetization. The IP utilization rate can be expressed as a percentage or a ratio, and it can be calculated based on various metrics such as the number of licenses, sales revenue, citations, or other relevant data points that Synthillate gathers

2) IP disposal rate - refers to the frequency with which MSMEs, Academe, Government divests or disposes itself of intellectual property assets. It measures the rate at which intellectual properties are generated compared to the number that is abandoned, forgotten, underutilized or discarded.

3) No. of Case Studies - we can identify the effective cases wherein the IPs in our portfolio have been successfully utilized either through product launches, licensing, manufacturing, distribution among others.

4) Revenue Generated - Our revenue measure is directly tied to the number of IPs that we service for utilization. The more IPs we can bring to the market for licensing, product launch, manufacturing, among others, the higher our generated revenue will be.

5) No. of Materials Produced - Not only do we create new materials for the promulgation of intellectual property information, but we will also measure the corresponding materials used and distributed by our partners and unrelated parties to determine the interest level among the communities.

6) IP literacy rate - refers to the percentage or proportion of individuals or organizations that possess a basic understanding and knowledge of Philippine IP laws, regulations, and practices. It measures the level of awareness and comprehension of IP concepts, such as patents, trademarks, copyrights, trade secrets, and licensing agreements.

7) Proportion of access to IP knowledge refers to the percentage or proportion of individuals or organizations that have access to intellectual property knowledge, information, and resources. It measures the level of accessibility to IP-related materials and services, such as IP databases, legal guidance, training programs, and mentoring services.

8) IP financing rate - the percentage or proportion of IP assets in our Synthillate portfolio that are being used as collateral for securing loans or other forms of financing. It measures the extent to which IP owners are utilizing their IP assets as a source of financing and capital.

9) IP diversity score - internal metric that measures the diversity of Synthillate's IP portfolio. It is calculated based on the number and variety of different types of IP assets in Synthillate, in a variety of knowledge domains, such as electronics, mechanics, chemical engineering, biochemistry, medicine among many others.

10) IP deals velocity - calculated based on the number of IP deals and transactions closed during a specific period, such as a quarter or a year.

Synthillate's Theory of Change on the Use of IP as a form of Alternative Financing for MSMEs, Students and Aspiring Entrepreneurs

The use of intellectual property as collateral for securing business loans is a strategy of Synthillate that enables starting businesses, microentrepreneurs and SMEs to leverage their IP assets to secure financing. Most MSMEs and starting businesses either don't have good financial history or don't have any financial history at all that would discredit them from credit scoring algorithms of traditional banks and traditional financing institutions.

This strategy can be particularly beneficial for startups or small businesses that may have limited tangible assets to offer as collateral or have limited financial history. 

By allowing businesses to use their IP assets as collateral, they can access financing that they would otherwise be unable to obtain. This, in turn, can enable them to grow and expand their business, creating jobs and economic opportunity.

At the ground level, Synthillate aims to recognize the value of intellectual property through its pioneering technologies and financial approaches. Intellectual property can take many forms, including patents, trademarks, copyrights, and trade secrets. These assets can be valuable to businesses, particularly in the technology and creative industries. By recognizing the value of their IP assets with our algorithms, businesses can begin to explore how they can use them to secure financing.

With this in place, Synthillate aims to educate lenders and institutions to accept IP as collateral. While traditional lenders may be hesitant to accept IP as collateral, there are specialized lenders that focus specifically on IP-based financing as a form of business advantage. We could provide these lenders and institutions our expertise in risk-scoring IP assets and determining their value. By working with these lenders, businesses can access financing that is specifically tailored to the value of their IP assets.

Once an ecosystem is in place, MSMEs, students and aspiring entrepreneurs can use the financing obtained through IP-based collateral to grow and expand the business. This can take many forms, such as investing in research and development, expanding the team, or scaling operations. By using the financing strategically, businesses can create new products and services, reach new markets, and generate additional revenue.

At the economic and policy level, government units can measure the impact of using IP as collateral for securing business loans. This can be done by tracking metrics such as job creation, revenue growth, and new product development. By measuring the impact, businesses can demonstrate the effectiveness of this strategy to potential investors, lenders, and other stakeholders. And this would further encourage and drive economic reform and policy introduction by intitutionalizing IP assetization and IP collateralization as alternative forms of financing to drive not just economic growth, but also socioeconomic inclusion, especially for the unbanked and the disadvantaged communities.

CORE TECHNOLOGY OF SYNTHILLATE

At the heart of our technology are three key components:

1) First, with our patented and innovative IP valuation algorithm, we can determine the valuation of intellectual properties such as patents and industrial designs, taking into consideration more than 20+ variables. Additionally, just much like credit scoring, our patented IP scoring mechanism determines the creditworthiness of technologies, intellectual properties, researches and theses. It can provide a grading system of the risk assessment presented by the IP, and whether it can be used as a safe collateral for financial institutions regarding its overall financial value.

2) After determining its valuation and risk scoring, we can then convert this IP into a financial asset, with our proprietary IP assetization mechanism. This can then exist as a separate asset class with its own distinct financial value. This allows for a) the IP to be co-owned in units by external parties through fractional ownership, or b) for IP to be used as collateral for business loans, or c) for IP to be rented out in the form of distribution rights, royalty agreements, licensing contracts, branding rights and more.

3) Lastly, after being converted as financial assets, they can be stored in our proprietary IP Asset Bank for safekeeping and to earn interest or appreciate in value over time. Alternatively, they can also be licensed, utilized, traded and exchanged with other collaborators, licensors, users, corporates, manufacturers, distributors among many others.

The following is an abridged version of the components and mechanisms of our technology. However, due to its proprietary nature, not much will be elaborated publicly except during private demonstrations.

For more information about the technology that we use for our solution, kindly refer to the following scholarly articles:

1) Assetization: Turning Things into Assets in Technoscientific Capitalism by MIT Press

2) Assetization and the ‘new asset geographies’ by Uppsala University (Sweden) and York University (Canada)

3) Assets and assetization in financialized capitalism

In Synthillate, we believe that diversity, equity, and inclusivity (DEI) are integral components to our success.

Our DEI plan outlines specific steps we take to implement our diversity policy. The following are the five pillars we use to measure and promote diversity, equity and inclusion in our organization:

1. Conducting a diversity audit: We conduct a comprehensive audit of our organization to identify areas where we can improve our DEI practices. This includes reviewing our hiring and promotion practices, evaluating our workplace culture, and examining our community involvement.

2. Creating an employee diversity and inclusion task force: Every year, we create a task force made up of employees from diverse backgrounds to provide feedback and recommendations on our DEI practices.

3. Developing a DEI training program: We develop and implement a DEI training program for all employees, which will include training on unconscious bias, cultural competency, and diversity and inclusion best practices.

4. Establishing DEI metrics: We westablish measurable goals to track our progress in creating a more diverse, equitable, and inclusive workplace. These metrics will include employee retention, promotion rates, and community engagement.

5. Partnering with community organizations: We actively seek partnerships with organizations that promote diversity, equity, and inclusivity. We will provide support and resources to these organizations and encourage our employees to get involved in their initiatives.

All of these are incorporated across the entire engagement points in the organization such as 

• Stage 1: recruiting and hiring practices
• Stage 2: employee training
• Stage 3: workplace environment
• Stage 4: career development and advancement
• Stage 5: Community, client and stakeholder engagement

Synthillate, being a fintech solution that enables alternative financing mechanisms for the unbanked, low-income or MSMEs, has highly integrated both impact targets and revenue facilities to provide long-term sustainable solutions for the communities it caters.

Overall, we enable a holistic ecosystem that drives activity from the IP Originators (MSMEs, Researchers, Students, Communities) who benefit with the unlocking of the potential of the locked IPs that they generated, with the IP Benefactors (Government Units, Corporates, Financial Institutions) that benefit from the value added from the new IP portfolio that are finally within their reach.

Primarily, what makes us unique as an organization are embedded all throughout our Social Business Model Canvas:

Key Resources

• IP Portfolio
• Operational Funding
• Funding Facility for Communities
• Exclusive Know-How
• Technical Expertise
• Financial Expertise
• Impact and Sustainability Expertise

Key Partners

• Universities & Academic Institutions
• Student Organizations
• Civil Society Organizations & NGOs
• National and Local Government Units (LGUs)
• Microentrepreneur Networks
• Small, Medium Enterprises
• UN Sustainable Development Solutions Network Philippines

Key Activities

• Business Community:
  • Microentrepreneur Training Programs 
  • SME Capability Building Exercises and Projects
  • IP Knowledge Transfers
  • IP Capability Skills Improvement
• Student Community: 
  •  Research Symposiums
  • Student IP Training and IP Support
  • Student Org Research Support + Competitions 
• Technology: 
  • IP Valuation
  • IP Assetization
  • IP Contracts

Types of Intervention

• >Product Demo
• >Customer Service
• >IP Knowledge Transfers
• >Financial Literacy
• >IP Valuation Reports
• >Expert Industry Reports

Channels

• >Research Symposiums
• >Student Organization Events
• >Academic Events
• >Business Conferences
• >Referral Marketing
• >Direct Marketing

Customer Segments

• Beneficiary:
  • >Unbanked Individuals
  • >Indigenous and Communities
  • >Marginalized Areas
  • >Local MSMEs
  • >Students & Researchers
• Customer:
  • >MSMEs
  • >Startups & Corporates
  • >Educational Institutions
  • >Research Institutions
  • >Financial Institutions (Banks, Lending, Financing, etc.)

Value Propositions

• User Value Proposition:
  • >New and alternative access to finance thru IP
  • >Robust algorithms for determining IP valuation
• Impact Measures
  • >Utilization Rate of IP
  • >Tech Transfer Rate
  • >IP Financing Rate
• Customer Value Proposition
  • >Pioneering Algorithms for IP Collateralization
  • >Less costly, Efficient
  • >Contract Structures

Cost Structure

• >Labor Costs
• >Legal Costs
• >Marketing and Sales
• >Business Development

Revenue Stream

• >IP Valuation Fees (79%)
• >IP Assetization Fixed Pricing (10%)
• >Commission Fees on IP Asset Contracts (5%) 
• >Transaction Fees (6%)

The surplus that we generate from our activities and revenue will be used in the following:

1) To further improve our technological capabilities to accommodate more unbanked users and MSMEs and unlock the potential of their overlooked IPs

2) To support additional alternative financing initiatives for MSMEs, local communities and researchers

Synthillate has plans for financial sustainability in place that are essential for long-term success. We will prioritize non-dilutive funding sources such as government grants and community funding before seeking investment capital. This approach will help us minimize equity dilution and maintain control of our business. Additionally, we will prioritize generating recurring revenue to ensure long-term financial sustainability. Finally, we will reinvest our profits into our business to continue to grow and scale, ensuring long-term success.

Year 0 to 1: Government Grants

In the first year, we have researched and identified applicable government grants, specifically in the countries we currently operate in. We have developed a comprehensive grant proposals for the PH Department of Science and Technology (DOST), PH Department of Information and Communications Technology (DICT), Seoul Metropolitan Office, National IT Industry Promotion Agency, among others.

Year 1 to 1.5: Community Funding

Currently, we are seek funding from the community and impact-driven funding sources such as MIT Solve among others to further amplify our impact and maximize non-dilutive sources to further our growth. Additionally we have partnered with local communities such as Rotary Clubs, National NGOs, and tapped the funding facilities of Civil Society Organizations to reach a broad audience and further our impact. We have offered and signed partnerships with exclusive benefits to these communities, such as early access to our product, to encourage people to contribute to our campaign.

Year 2: Investment Capital

In the second year, we plan to seek investment capital first from angel investors, and eventually venture capital. We plan to join in local accelerators and incubators across the Asia Pacific Region where our communities are. We will use the funds to invest further into our technological capabilities, expand our team, and invest in preparing for further community reach.

Year 3 to 3.5: Recurring Revenue

Currently, our revenue is not yet recurring. But by the third year, we aim to secure recurring revenue sources. Our revenue model is as follows: transaction fees, commission fees, markup value, and technology usage fees. We aim to secure recurring revenue from three sources: financial institutions, startups/ corporates, and academe/ research institutions.

Year 4 and Beyond: Capital Expansion

The final step is to pursue capital expansion. We will use our profits to reinvest in our business, expanding our operations, increasing our market share, and investing in new technologies. We will also seek out additional investment opportunities to continue to grow and scale our business.

Being in the first year of our operations, we have been actively following our steps as laid out in our financial sustainability plan (FSP). As a result, we have received the following awards as a result of our successful engagements aligned with our FSP:

• Global 1st Runner Up, Seoul Startups x FoundersLive, South Korea
• Global Top Awardee (8), K-Startup Grand Challenge 2021
• Global Top Fellow (10), Seoul Fintech Lab, South Korea
• Global Top 30, Slingshot Singapore
• Global Top 150, X-Pitch Taiwan Accelerator
• Top 2, Dubai’s Expand North Star program
• National Top Cohort (12), Arise Ye Plus Boost Accelerator
• National Top Cohort (8), RISE Challenge, City of Makati
• National Top Cohort (3), CCP GDP Challenge 2022
• National Top 5, Rotary Club of Makati
• National Finalist, Startup QC Program
• National SDG Award, UN SDSN Youth Philippines

All of them have contributed in our part to our financial sustainability efforts and further expanding our operations and reach to further drive our impact with our communities.