MAKATI CITY – The Startup Venture Fund (SVF) Investment Committee (IC) formally acknowledged Gobi-Core PH Fund as one of its Co-investment Partners (CIPs) in an Accreditation Ceremony on 17 February 2023 at the ABB Hall, National Development Company (NDC), Makati City.  

The said committee is composed of the Department of Trade and Industry (DTI) and NDC, with government and technical experts from the Department of Science and Technology (DOST), the Department of Information and Communications Technology (DICT), the Department of Finance (DOF), and the private sector. The accreditation of the Gobi-Core PH Fund is considered a milestone in pushing forward with the implementation of SVF and promoting inclusive progress in the Philippine Startup Ecosystem. 

DTI-Competitiveness Bureau Director Lilian G. Salonga expressed her utmost support and gratitude to NDC and Gobi-Core PH Fund for the efforts of the parties to support the Philippine Startup Ecosystem through the SVF. “The SVF will serve as a platform to search for the next generation of entrepreneurs that will propel our economy and will become an inspiration for the youth to innovate and build on new technologies and startups”, she added.  

NDC General Manager (GM) and IC Chairman Antonilo DC. Mauricio emphasized the huge importance on the accreditation ceremony and the partnership with one of the largest venture capital venture firms in Asia. “As pioneer CIP of the SVF, we are hopeful that Gobi-Core PH Fund can be the key to producing the next round of true unicorns from the country”, he highlighted. 

Gobi-Core PH Fund, represented by Managing Partner Mr. Jason Gaisano, Founding Partners Mr. Ken Ngo and Mr. Carlo Chen-Delantar, and Investment and Fund Relations Mr. Jaymes Shrimski, extended their gratitude to the SVF IC for the official recognition as CIP and committed to joining the agenda of accelerating the Philippine Startup Ecosystem and pushing innovation forward as they invest in the new wave of entrepreneurs in the country. 

Following the success in forging a partnership with Gobi-Core PH Fund, the SVF IC keeps the momentum going and progresses forward with the deliberations of the potential startup investees and second batch of CIPs. *

Date of release: 17 February 2023