Angel Network Fund to launch in the Philippines

Angel Network Fund to launch in the #Philippines through PhilDev.

Set on accelerating the Philippine startup scene, technopreneur Winston Damarillo has spearheaded efforts to create a Philippine Angel Network Fund, a cooperative of investors geared toward helping startups in the Philippines and those run by Filipino-Americans. This effort is being done through the Philippine Development Network (PhilDev), which recently held the Silicon Valley Comes to the Philippines conference, which included the hack2Hatch event in Cebu and the main Economic Forum in Manila. Among the aims of the Philippine Angel Network Fund is to provide seed funding to Philippine startups and startups in the U.S. led by Filipino-Americans. As reported by the Philippine Daily Inquirer , Winston said that the fund is mainly biased toward Filipinos. “The idea here is it’s biased towards Filipinos, because its contents should be biased towards Filipinos.” Individual in...

Full article: http://e27.sg/2013/01/22/angel-network-fund-to-launch-in-...