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Investment Updates

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Updates on the Investments Scene

STARTUP VENTURES: Five IDEA2STARTUP Teams Conferred with Digital Innovation Fund

STARTUP VENTURES: FIVE IDEA2STARTUP TEAMS CONFERRED WITH DIGITAL INNOVATION FUND   We would like to congratulate the five startup teams from our Idea2Startup partner institutions– Ateneo de Naga University (ADNU), Bicol State College of Applied Sciences and Technology (BISCAST), Naga College Foundation (NCF), and University of Nueva Caceres (UNC). These startup teams have been awarded grants through the city’s Digital Innovation Fund, enabling them to build their prototypes designed to solve community problems. As a collaborative effort between the city government and the academe, Idea2Startup supports innovation and pushes for technopreneurship, particularly by empowering students to turn their projects into…

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Partnerships and Collaboration Spur the Growth of the IoT Industry in Naga City

Naga made a significant step towards becoming a full-fledged Smart City with the formal turnover to the City Government of an Internet of Things (IoT) Disaster Management Solution, and the launch of an IoT Connectivity Infrastructure by Packetworx and ThingsPH last January 30, 2024. With this, Packetworx and ThingsPH has made a notable contribution to the city’s game changing initiative.  They officially donated flood and rainfall monitoring devices as part of an IoT Disaster Management Solution.  These companies also installed and provided free access to LoRaWAN gateways.  These gateways form the backbone of a connectivity infrastructure that allows IoT devices…

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"There is a direct relationship between brain drain and poverty of a region. Understanding this, I courageously founded over a decade ago my first formal startup, an Apple iPad POS company, with the goal of creating job opportunities that will make our best and brightest software engineers stay in Naga City. It was very, very difficult then. Today, this ordinance, I foresee, will encourage more founders and startups to flourish in our Maogmang Lugar. Then give them 2-3 years, our city will begin seeing their contribution to the local economy and job creation through their innovative products and services, coupled with newer business models. This could be our way to becoming a 'Startup City'."

Magno Edilberto R. Conag III

CEO, Nueca Technologies Inc.

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