{"id":46191,"date":"2023-10-25T17:14:31","date_gmt":"2023-10-25T09:14:31","guid":{"rendered":"http:\/\/www.teampcheng.com\/blog\/?p=46191"},"modified":"2023-10-25T17:14:34","modified_gmt":"2023-10-25T09:14:34","slug":"917ventures-creates-msme-ecosystem-to-address-digitalization-woes","status":"publish","type":"post","link":"http:\/\/www.teampcheng.com\/blog\/lifestyle\/917ventures-creates-msme-ecosystem-to-address-digitalization-woes\/","title":{"rendered":"917Ventures creates MSME ecosystem to address digitalization woes"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-style-default\"><a href=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" data-attachment-id=\"46192\" data-permalink=\"http:\/\/www.teampcheng.com\/blog\/lifestyle\/917ventures-creates-msme-ecosystem-to-address-digitalization-woes\/attachment\/logo\/#main\" data-orig-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo.png\" data-orig-size=\"1200,628\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"logo\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-300x157.png\" data-large-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-1024x536.png\" src=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-1024x536.png\" alt=\"\" class=\"wp-image-46192\" srcset=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-1024x536.png 1024w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-300x157.png 300w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo-768x402.png 768w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2023\/10\/logo.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><em>Philippine venture builder seeks to help digitalize the 1 million-strong MSMEs in the country<\/em><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>917Ventures, the leading venture builder in the Philippines, has established six startups dedicated to supporting MSMEs (micro, small, and medium enterprises) in their digital transformation efforts, from securing funding and upskilling to expanding their customer reach.<\/li>\n\n\n\n<li>Of the 1.109 million businesses in the Philippines, 1.105 million are considered micro, small, and medium enterprises (MSME). MSMEs make up 99.59% of all businesses in the nation and contribute <a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2Up7R-Eo_hOC7hDDzzQB8drnWYzDHtdHId8U3yFAwIT5gC8NkiwEDhXZkyCtAR-7fU0AgrtCCTRcdC5mbpqSJ3n0yWK3G5YFN0xK_7IGf7PZby4AgTqvuwgblE1OSlbZbFsunMU1g53XcysFQ6AUje-YUeMicLn230QbwFzwp3IUFctbXymSSfp3rSdgoKeeqlWl5B95FS211HhVy-ri6Ql_FDiti8BHMnzlRtqZejkfIDSEtOBUBdvPniLTYzsUNkQDBjbkDNUBLBlpN9Ia7ImBvWDmm2I6roDObVSKENfm08KT3DzaGIiuU93wXODz9psrZRg\" target=\"_blank\" rel=\"noreferrer noopener\">40% to the annual GDP of the country.&nbsp;<\/a><\/li>\n\n\n\n<li>917Ventures understands the crucial role MSMEs play in the nation&#8217;s growth. It is committed to helping them be profitable and significant drivers of the economy by helping them keep up with today\u2019s landscape and become digital-first businesses<\/li>\n<\/ul>\n\n\n\n<p><strong>MANILA, PHILIPPINES, 25 October 2023\u2013&nbsp;<\/strong>The Philippine government has made the digitalization of micro, small, and medium enterprises (MSMEs) a&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2-kLNPzgnGnpaWaf_roh4h2sf3-uaC9BDFAMg3dXjXOhjC8NkiwGMa3xL13053zZm_-wCsXaTlhHOEMbpaMBL8a17zEvc49Cl_HMIWQ4vaFjrlFhN9fKyglynfwVDMAukaBHHv9Fda3i7U4iQbwsXJ4kQyeKNx0IDWFq2wWspPxdM-gnlr6uJK3sXOacCeM7WkCfBsHd7cKX-0fZhq2Kc4gkRYUk0khVRYAo-DoFf\" target=\"_blank\" rel=\"noreferrer noopener\">top priority<\/a>&nbsp;to spur the growth of the Philippine economy. In the&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2ydiKfBwUecPa9M84TqHAnprsRgHtSZYJmXLS2HwHXyNmC8NkiwEFpJqlrRSxsNemgouM78EvjeISt3XmQIcJ3FeRE6nWWq16i_e-IbgQJmXfQLTn9n1qFcSl0U7yzRl-anPTmgqEYoiU-WkUKLHQCMoCftur4m0F-miAOXVp78jbpskt4eUI2mzq6tzm8qsxsLo5Vvnl3vmCfu-zEcSUO8nu5uZXLebzpWHt\" target=\"_blank\" rel=\"noreferrer noopener\">2023-2028 Philippine Development Growth Plan<\/a>, the National Economic Development Authority (NEDA) highlighted the need to provide targeted support to MSMEs in fast-tracking technology adoption, digitalization, and automation, to lead to higher productivity and greater innovation.<\/p>\n\n\n\n<p>\u201cOne of the most important things we learned in the past few years\u2013and especially for MSMEs\u2013 is the importance of digitalization. It not only helps businesses keep up with the times but also ensures that they\u2019re growing at pace with the digital economy,\u201d said Natasha Bautista, 917Ventures\u2019 Head of Growth and Programs. \u201cThere is still a lot of room for growth when it comes to increasing digitalization in the Philippines. In contrast to countries in the region, the Philippines&#8217; digital economy currently accounts for just&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/24_yo0q_imYX7erukp49idQhmLuJbtyrGdgTCZl9c1mNpC8NkiwGHhltLuj-v-iUlKbznQNbjNYJyrgG5gCBBJMW_QTHDx84qz86ev25o0F34QR8_0OtopGwKBg1mRONGkNbjiKww-puDl8QdOVs1McVinRUWmu_dljQbEg0lDQNjpIMADkfx86n6Se3CS_NVsUGNZL7OCogtAt-bH13nBdjros7dfhpo6lMPWG6kRUA\" target=\"_blank\" rel=\"noreferrer noopener\">9.4%<\/a>&nbsp;of our gross domestic product, whereas Vietnam stands at&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2rdNl5A0sZMCqCf3Xe91veY5Z4cy50zt9Jc-U0-aMHFVtC8NkiwGzte7RLH1fBqVh1ou_QH7VMmqGDsfJ2ps57tU8LlafqDixCKKwCpGMJlv9e3cLfzpfNlh_7PKb4Nvktvcs4H-kNWv4DNX2Kkq9TfnspUlx6OGuhQh5z4DmBRlAgBgnVSPfXjwf3vNPnse2TJhTMUazrEIQkTcR-JPlljtuczv2HSL0D8BcjaRGYjpFAzc9GL3Axwu57kOCvPmeW2oMKbEcNzn-NTIv6HP9rw74yin4gwfMe5SwcJTlLxWQZA\" target=\"_blank\" rel=\"noreferrer noopener\">14.26%<\/a>, and Malaysia at&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/29rnFzPAgIIAnEeqTL7wgq0M5jJ_E0I5fZU0VJWvLOmZwC8NkiwG76ulCTON3-S3aZhjjVtVwHboV_cPFbHxl5r8THM1T-IDBsJVe5Uut-0ysQ2e7uuJBv2fXtEi_J7gQtMCg_3aP3oGT6XieYvpZGdyKTTAcHP4SfUIWQluHE14TnZ2-U_WqSEZlvBY28O4kBJPgdSvJK0flV4aFRDwhJwr4VBdwZIWU15ZcmtWAx31AvxpygoGMFT1feHPa\" target=\"_blank\" rel=\"noreferrer noopener\">14%<\/a>.\u201d<\/p>\n\n\n\n<p>917Ventures, the largest venture builder in the Philippines, supports MSMEs by providing them with the tools they need at every stage of their journey so they can become digital-first businesses and ensure that they achieve long-term success and sustainability.<\/p>\n\n\n\n<p>\u201cWhether it&#8217;s providing them with initial capital, helping them get started online, or guiding their expansion to reach a wider audience, our comprehensive suite of solutions provides them with end-to-end support to take them where they want to go,\u201d she added. \u201cWe have, to date, been able to support more than 10,000 MSMEs across our ventures and portfolio companies and we hope to expand our solutions to the 1 million MSMEs in the Philippines and help them with digitally transforming their businesses.\u201d<\/p>\n\n\n\n<p><strong>Unlocking capital with FundSpace<\/strong><\/p>\n\n\n\n<p>For entrepreneurs who want to get started or level up but don\u2019t have the funds to do so, there is&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2Q6F6zHOxQjC2OWWG2bJgdNzUC5NTY5Bg9QZ9jVsb5GdyC8NkiwFYa3yZezZfpE-9wnMZettUboakrZ1s8ZLvlfu1PEt5SIrYLN7Od0cVtcNxxNpJZ02ip84BwmG5rtJAZwuHodwQJDDObRwSdnpCR5tAgL1ukFbba3MqG7vap5YZmGbo8YqJpZa5jqR8wzdj\" target=\"_blank\" rel=\"noreferrer noopener\">FundSpace<\/a>, a loan platform that offers a suite of financing options that cater to every business&#8217;s needs. On FundSpace, businesses of all sizes can take a loan for amounts as little as&nbsp; Php 50,000 to Php 100 million\u2013one of the largest loan amounts available for local MSMEs.<\/p>\n\n\n\n<p>\u201cSecuring capital is often one of the biggest hurdles to starting a business, which is why we created FundSpace\u2013an easy and convenient platform where businesses can get the funds they need at low and flexible interest rates. Through FundSpace, they get cash quickly with its processing time that\u2019s 12 times faster and disbursement that is eight times quicker than usual methods,\u201d Bautista explained.<\/p>\n\n\n\n<p><strong>Upskilling to streamline operations with KodeGo and MemoApp<\/strong><\/p>\n\n\n\n<p>As businesses expand, the imperative to enhance skills and streamline operations becomes more evident than ever. Enter&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2sfWRL6STPMAr8d6vnLIznhihAIRr_hEkId0fE84wWKN1C8NkiwEtEr4oVHuCr91aVKhmbaUT1KhbGP2X4d-BKB0Wl45PGEq3NkJmk4KCXF0ewWIvnbGzZIoSQUEd8aTHS6AnswjYmazI27feu4_Ht1AUC_AuBbT97eRSMsNKI3myEKYn\" target=\"_blank\" rel=\"noreferrer noopener\">KodeGo<\/a>, more than just a coding boot camp, it equips businesses with the knowledge and skills needed to thrive in a digital world. Beyond traditional coding, KodeGo offers a wide array of digital courses that are indispensable for businesses looking to scale and optimize their processes. These courses cover a spectrum of essential skills, including full-stack web development, virtual assistance, bookkeeping, and artificial intelligence.<\/p>\n\n\n\n<p>When it comes to streamlining processes,&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2UiM7ampIiplydjesndnzD6s6U_fXGzJqtqT0T7T22NF3C8NkiwHcg-Z7zguDCR4bd0Z3gRBBPjcJ7nlhgFor0RRM7qTVuXb56UOR9Mpr4oQjbqkdE_RMlSfdwaVNsQO7W8dl1xJYkaA3mjbkX2S2FvvtLtFmciIhtPtc43VNd-mKd8wBzq5-\" target=\"_blank\" rel=\"noreferrer noopener\">MemoApp<\/a>&nbsp;takes the lead as it digitizes previously manual and paper-based processes to make them more intuitive, accessible, and efficient. With its swift workflow approval system, integrated e-signature feature, and easy access to fundamental document templates, MemoApp simplifies how businesses manage their operations.<\/p>\n\n\n\n<p><strong>Getting started online through RUSH<\/strong><\/p>\n\n\n\n<p>For businesses that want to embrace digitalization, the first step is to get your business online.&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2gVMVfox_xKhDUK3cC7mm2O27RQsTOh_scbhZRt2Pmfd6C8NkiwG4-VGA6NpNT31LC_oGiCL3St4Jvm5Hg2PEyaCRw5u7sdlVcJMHWOSLcM4WijCKjXx-VQjVJ26iroCImPKksPTY0w6CWi7mQyaDGpfYVhxCiBpneH8dcMIFx-tEGeA\" target=\"_blank\" rel=\"noreferrer noopener\">RUSH<\/a>&nbsp;is an all-in-one eCommerce platform that takes care of the entire purchase process \u2013 from discovery to delivery \u2013 empowering merchants to easily launch, manage, and scale their online stores.<\/p>\n\n\n\n<p>RUSH enables merchants to create their e-commerce platform, their mobile app, and access to the GCash GLife Marketplace. It also offers an end-to-end loyalty management platform so businesses can continue to delight their customers by creating relevant and rewarding experiences.<\/p>\n\n\n\n<p><strong>Accessing a wider audience through m360 and Inquiro<\/strong><\/p>\n\n\n\n<p>Once businesses have successfully established their online presence, the next step is to strategically connect with their target audience and guide them toward the point of purchase. To accomplish this, companies can harness the power of&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2jBiMWMyLWcWipdc2rUzFwkWtQfZwmbbLyzdTNVt4CKt8C8NkiwEtb2H6B4VZmlypAR2YCNaoxkSw63YGVEC-J-qc6Y9lr0pLtdTw3amUq766WfCQONozaobnohnDwVzHxI54nVDVQUsPUrzglNPWPpsCvX0D_cyEvC7u5xiSfNIgdKCzf1ojB2c\" target=\"_blank\" rel=\"noreferrer noopener\">m360<\/a>&#8216;s innovative multi-platform messaging solutions. These comprehensive tools empower businesses to effectively inform and engage their customers through a seamless blend of SMS and social media channels.<\/p>\n\n\n\n<p>m360&#8217;s multi-platform messaging solutions are key to delivering vital information, timely updates, and enticing promotions to customers. With the ability to reach customers where they are most active, businesses can foster stronger connections and drive higher conversion rates.<\/p>\n\n\n\n<p>Furthermore, understanding customer behavior and preferences is paramount for the success of any marketing campaign.&nbsp;<a href=\"https:\/\/preciouscomms-dot-yamm-track.appspot.com\/2LR9MVx-AEuUOEgHKkaFiV7y58re5yTZmTyVIlcyGPJp_C8NkiwHj-L0yISN5hz5Iu_MJggbpxQMMTZE4_Rq1kfOE_7E6H4VZeuLrLYgmu-3J-trsjwpulJc0NK-Ha3L8NULmK_nwutEjWs9VM49KjYZwJumPD1O8YaeSG-enYV4UUz7ZbIoByf7JKf7QgUk\" target=\"_blank\" rel=\"noreferrer noopener\">Inquiro<\/a>\u2019s data-driven solutions offer a suite of services designed to provide deep insights into the current customer base and the target audience. More than just analytics, Inquiro&#8217;s solutions empower businesses to not only comprehend their existing customer demographics but also unearth untapped opportunities by identifying potential audiences beyond their current reach. Inquiro also offers Credibility Scoring that helps businesses assess the risk profile of customers by automating credit-related decision-making.<\/p>\n\n\n\n<p>\u201cDigitalization is not a destination; it&#8217;s a journey. It&#8217;s not just about going online; it&#8217;s about embracing processes that enable businesses to not only exist in the digital realm but thrive, compete, and innovate within it. That\u2019s what we provide with 917Ventures\u2013an MSME ecosystem that will handhold you through every step of every business\u2019 digital journey,\u201d Bautista added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philippine venture builder seeks to help digitalize the 1 million-strong MSMEs in the country MANILA, PHILIPPINES, 25 October 2023\u2013&nbsp;The Philippine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2730],"tags":[9101],"class_list":["post-46191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-917ventures"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - 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