Cebu-based startup company wins first prize in ASEAN-India Startup Festival
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NewsTranscript
00:00A Cebu-based startup company won first prize in the recently held ASEAN-India Startup Festival.
00:08Robinson Cabardo of Open Information Agency Central Visayas has more.
00:15A Cebu-based startup company won first prize during the recent ASEAN-India Startup Festival
00:21that was participated in by a hundred tech startups.
00:24The OMG or Oh My Genie Crazy Fast is a startup company that uses artificial intelligence
00:31and provides a platform to businesses and companies
00:34for a faster and cost-effective delivery system in around 30 minutes lead time.
00:39What our technology does for our business partners is reduce delivery times from days to minutes.
00:47We optimize their supply chains by up to 60 percent, lower their shipping costs by up to 40 percent.
00:54We also lower the drop cards and canceled orders by around 20 to 30 percent.
00:59The startup is also one of the graduates from the Startup Island PH program
01:04of the Department of Trade and Industry Region 7 in partnership with the local startup community.
01:10According to DTI 7, OMG's victory during the ASEAN-India Startup Festival
01:16reflects the effective implementation of their program
01:19in guiding and developing startup companies in the Central Visayas region.
01:23Achievement underscores the effectiveness mainly of the Startup Island PH program
01:30in nurturing globally competitive startups from Central Visayas or here in Cebu.
01:35So actually OMG is the first batch of this program, the Startup Island Mentoring Program.
01:42So the success of OMG validates the efforts in fostering tech startups here in Region 7.
01:49Held on November 28 to 30, 2024 in New Delhi, India,
01:53the ASEAN-India Startup Festival gathered and introduced the sustainable innovations
01:58that aim to address economic challenges in the ASEAN region.
02:03From the Philippine Information Agency Central Visayas, Robinson Cabardo, Balitang Pambansa.