1 ACTING FOREIGN MINISTER TAKES PART IN MINISTERIAL MEETING OF FOREIGN MINISTERS OF LLCD WWW.MONTSAME.MN  PUBLISHED:2017/09/22      2 'ONE BELT, ONE ROAD' TRADE FAIR STARTS IN CHINA WWW3.NHK.OR.JP  PUBLISHED:2017/09/22      3 KUWAIT OPENS A HOUSING PROJECT FOR MONGOLIAN FLOOD VICTIMS WWW.NEWS.MN PUBLISHED:2017/09/22      4 SHARE ACTIVITY LIFTED FOR MONGOLIA ENERGY CORP LTD (0276.HK) IN SESSION WWW.STOCKDAILYREVIEW.COM  PUBLISHED:2017/09/22      5 NEW TRAIN SERVICE ON TRANS-SIBERIAN CORRIDOR SWAPS LOADS IN MONGOLIA WWW.RAILFREIGHT.COM  PUBLISHED:2017/09/22      6 EBRD FIRST VICE PRESIDENT BENNETT TO VISIT MONGOLIA WWW.EBRD.COM  PUBLISHED:2017/09/22      7 MONGOLIA'S TINY STOCK MARKET SOARS ON COAL TRADE RENAISSANCE WWW.REUTERS.COM  PUBLISHED:2017/09/22      8 MORE BAD NEWS FOR COPPER PRICE WWW.MINING.COM PUBLISHED:2017/09/22      9 TRADING REPORT WWW.MSE.MN  PUBLISHED:2017/09/22      10 CONSTRUCTION BEGINS IN CHINA-MONGOLIA CROSS-BORDER ECONOMIC ZONE WWW.XINHUANET.COM PUBLISHED:2017/09/21      ҮНДЭСНИЙ ҮЙЛДВЭРЛЭГЧИД "НАМРЫН НОГООН ӨДРҮҮД" -ЭЭР 200 САЯ ТӨГРӨГИЙН БОРЛУУЛАЛТ ХИЙЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/09/22     “ХУРАЛДАЙ” БОНДЫН ХАНШ 0.88 ХУВИАР СУЛАРЧ, 112.7 АМ.ДОЛЛАР БОЛОВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/09/22     VIII САРД УУЛ УУРХАЙ, САНХҮҮ, ҮЙЛЧИЛГЭЭНИЙ САЛБАРЫН ХУВЬЦААНЫ ХАНШ ӨНДӨР ӨСӨЛТТЭЙ БАЙЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/09/22     ГАДААД ХУДАЛДААНЫ САРЫН ТОЙМ WWW.MONGOLBANK.MN НИЙТЭЛСЭН:2017/09/22     НИЙЛЭГ ХАЛЬСАН ХҮЛЭМЖИЙГ ДӨРВӨН ЖИЛИЙН ХУГАЦААТАЙ ХҮҮГҮЙ ЗЭЭЛЭЭР ОЛГОЖ ЭХЭЛЛЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2017/09/22     OECD: ДЭЛХИЙН ЭДИЙН ЗАСАГ 3.5 ХУВИАР ӨСНӨ BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/09/22     ДОТООДЫН ТӨМСНИЙ ХЭРЭГЦЭЭНИЙ НИЙЛҮҮЛЭЛТ 26 ХУВИАР БУУРНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/09/22     АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN НИЙТЭЛСЭН:2017/09/22     УЛААНБААТАР–ХӨШИГИЙН ХӨНДИЙН ШИНЭ НИСЭХ ОНГОЦНЫ БУУДАЛ ЧИГЛЭЛИЙН 32.2КМ ХУРДНЫ АВТО ЗАМЫН ГАЗАР ЧӨЛӨӨЛӨЛТ 100 ХУВЬ ХИЙГДЛЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2017/09/22     СЗХ: ББСБ-УУДЫН НИЙТ ХӨРӨНГӨ 855.8 ТЭРБУМ ТӨГРӨГТ ХҮРЧ ӨССӨН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/09/21    

New Asian companies find success with a regional focus www.asia.nikkei.com

TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."

One reason for this is that some problems that startups aim to solve are common to the region. A business model or product that addresses such a challenge has a large, ready-made market at hand, potentially creating the next Asian unicorn.

Philippine startup Salt is a great example. Salt -- short for "sustainable alternative lighting" -- found itself in the spotlight when co-founder Aisa Mijeno shared the stage with former U.S. President Barack Obama and Alibaba Group Holding Chairman Jack Ma Yun at the 2015 Asia-Pacific Economic Cooperation meeting in Manila.

The company makes lamps that use saltwater as the catalyst for a fuel cell, instead of the kerosene that fuels lamps across Southeast Asia in areas without electricity. Mijeno came up with the idea for a saltwater lamp after living with a remote tribe in Kalinga, in the northern Philippines. During her monthlong stay with the Butbut, Mijeno learned that people had to walk at least six hours to the nearest town to buy kerosene.

Enter Salt's lamp, which, the company says, can last six months when used eight hours a day and maintained properly.

"We were trying to determine what the staple items in every household in the Philippines were, and we found out that there are actually three staple items: salt, water and rice. That's the main reason we used salt water as the catalyst ... to generate electricity," Mijeno told the Nikkei Asian Review in an interview last year.

The company was founded in 2014 when it joined Ideaspace Foundation, an incubator that helps fund and develop innovations with commercial potential. Salt was selected by Ideaspace as one of the year's top-10 projects and used its prize money to start working on a prototype. It has since delivered over a thousand lamps to remote communities in the Philippines, and partnered with a local manufacturer to begin mass production.

Fashion for the faithful

For Diajeng Lestari in Indonesia, the "problem" that needed addressing was helping Muslim women express their fashion sense while maintaining their modesty. This led her to create Hijup in 2011, a pioneering Islamic fashion website. The online shopping mall offers clothing and accessories aimed mainly at Muslim women.

Hijup is short for "hijab-up," as in make up or dress up. The hijab is the headscarf worn by some Muslim women.



Published Date:2017-04-21