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Touchstone Partners has announced the first close of its inaugural $50 million venture capital fund. The fund is backed by New York-based Pavilion Capital, Vulcan Capital, and several other investors and family offices. 

Impact-driven businesses should invest resources in measuring and managing their social impact. It can provide them a lot of benefits in the end which can also affect their relevance in the market and their sustainability.

With the economy improving, and an internet and mobile-savvy market, the Philippines is also showing initiatives to encourage and advance the innovation space.

Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.

With four years of investments, AddVentures aims to scale its operations as it selected Prakit as its Managing Director. He has led AddVenture’s effort to lead and scale since January 2021. Prakit brings in his experience in logistics, packaging, chemicals, construction materials after leading SCG’s Zero-To-One and DeepTech Innovation. 

Velocity is a 3-month corporate innovation program that enables venture builders to build their MVP, market their solutions, and refine their value proposition, along with Seed funding support for successful startups.

The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.

The joint venture will be disbursing a total of  $680,185 (RM2.75 million). Each of the 11 companies will be receiving an investment of $68,144 (RM250,000) to help grow their businesses.