LIVE: APEC SME Manila Summit on innovation and leadership

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LIVE: APEC SME Manila Summit on innovation and leadership

The summit aims to inspire and motivate Filipino entrepreneurs, via the stories of successful business innovators in the Apec region

  • The ABAC is a private sector body that advises the leaders of the Asia-Pacific Economic Cooperation on the business sector’s top priorities.

    Among the Philippine representatives to the ABAC are local shakers and movers such as Jaime Augusto Zobel de Ayala, Tony Tan Caktiong, and Doris Ho. The Makati Business Club (MBC) is ABAC Philippines' secretariat.
  • At the main ABAC January 20-23 meetings in Manila, a video invitation to promote the Philippines as an investment destination will be played.

  • WANG: E-commerce is already empowering SMEs everyday. It's not the future, it's here today.
  • WANG: E-commerce is as simple as doing an online checking out. Entrepreneurs should get started right away.
  • Wang: E-commerce empowers SMEs. It's as simple as doing online checkout. #APECSME
  • WANG shows Pathfinder project flow-step by step, and discusses how e-commerce is key to the APEC's goal of freer markets

  • Next speaker is SHEILA MARCELO, the founder and CEO of care.com. She was one of the top 10 Women Entrepreneurs at Fortune's Most Powerful Women Summit and named one of the 10 Most Powerful Women in Boston Tech by the Boston Globe in 2012.
  • WANG: APEC can continue to help make E-commerce more accessible to everyone. I hope you can see my excitement to the future of E-commerce. It is the SMEs gateway to the future.
  • This section of #APECSME is called BREAKING INTO NEW MARKETS.
  • Up next: CEO and founder of http://care.com, Shiela Marcelo. Named Young Global Leader by World Economic Forum. #APECSME
  • MARCELO is asking the audience questions: How many people like to save money? How many people want to save money for college? (It's not the sexiest thing in the world Marcelo admits), how many people like looking for jobs?
  • Marcelo: talking about INNOVATION #APECSME
  • The CEO of Care.com Sheila Marcelo is hilarious. She just said she is in the pain business.

  • Marcelo: "It's about your passion. I was in the pain business. What I do & what I focus on is not sexy but helps families." #APECSME
  • MARCELO: I was once asked are you in the 'pleasure' business or the 'pain' business. I'm in the 'pain' business. It's not sexy but it helps families.
  • Philippines' own Care.com entrepreneur SHEILA MARCELO sounds and looks passionate as she goes to the center of the stage and shares personal circumstances that led her to her "business of pain."

  • Marcelo was born in the Philippines. She got pregnant in college, and she addressed the needs she felt and saw in others. #APECSME
  • MARCELO describes the difficulties she faced when she had a child while in college and a second unplanned pregnancy in grad school. She found it hard because she didn't have easy access to a care place for her father or her children while she worked.
  • Marcelo: "We didn't have access to terrific CARE. That passion & experience I had was 1 of reasons I started http://care.com." #APECSME
  • Marcelo: Number 1 care giving country in the world is the Philippines. So now I'm connected to my heritage #APECSME
  • MARCELO describes how personal backgrounds and passions launched her business. When she started care.com she also realised (while living in the US) that the biggest human source of caregiving comes from the Philippines.
  • Marcelo: "$240bn is spent annually on care in the United States. That's a huge market." 267 babies born every min! #APECSME
  • MARCELO: How big is the business? In the US $240 billion is spent every year on care. If we even touch the surface of 1% it's 2.4%. That is a huge market. There are 140 million babies born every year and now we have an ageing population. The business is caring about people and it has big opportunities.
  • Marcelo: "It's caring for people!" #APECSME
  • MARCELO: Some people ask me 'why weren't you here 20 years ago' most of it is because of technology. How many people were comfortable going online to use this service? Care was not ready then. We weren't as comfortable trying to find care for our loved ones.
  • MARCELO: We're in 18 countries now. Biggest online marketplace for care is US, Canada, Australia and across Europe
  • Marcelo: "Innovation does not have to be an invention. Sometimes what you have can lead to reinvention." #APECSME
  • Next Speaker is WINSTON DAMARILLO is the Co-founder and Chief Executive Officer of Morphlabs. He was named one of the Young Global Leader Honorees in 2010 by the World Economic Forum. In 2011, he was selected as a Commissioner in the TechAmerica Foundation Commission. #APECSME
  • MARCELO: By definition entrepreneurs are innovators but innovation doesn't have to be an invention or out of the box. Sometimes what you have in the box can lead to re-invention.
  • Up next: Winston Damarillo, CEO & Co-founder, Morphlabs
  • Damarillo: "What drives entrepreneurs? I want to talk about that." #APECSME
  • DAMARILLO: I never had the good fortune of getting an education from the United States. I studied in De La Salle University.
  • WINSTON DAMARILLO is giving serial a positive association. We usually think of killers but he's a serial entrepreneur. He grew and sold several major IT players: Gluecode Software (acquired by IBM), Logicblaze (acquired by Iona Technologies and Webtide (acquired by Intalio).

  • DAMARILLO recounts how their family withstood challenges in their business. He said: if I can't work with Intel through my diploma, I will create my own software and bring it to them.
  • Damarillo: Since you never got into IBM, let's go compete with IBM. (laughter) Damarillo believed in open source. #APECSME
  • Damarillo admits he didn't think Filipinos could think outside of the box. He said there was a time when he described himself as Chinese instead of Filipino. But he says he has since been proven wrong and is investing in budding Filipino entrepreneurs.
  • DAMARILLO: since Dado's leadership, we've been spending time to think if Pinoys will do this. We put up Hack2Hatch and we're seeing something thats now a phenomenon that Filipinos are willing to do. I'm really excited about whats happening in the Philippines.
  • Damarillo talks about #Hack2Hatch and how mentorship reminds him of beginnings & reinspires him. #APECSME
  • DAMARILLO: We have a unique capability of EQ. Filipinos are great in designing. If you combine that with tech, we have a great opportunity.
  • Damarillo is the mind and spirit of #Hack2Hatch, which also includes Dado Banatao and Sheila Marcelo. #APECSME
  • Damarillo talks about cloud computing - commodity equipment added together designed to act cumulatively #APECSME
  • DAMARILLO:when you're creating software, 99% of your ingredient is human capital.
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