The Dymon Asia Private Equity fund invests in all sectors except real estate, resources, and technology startups.
International Finance Corporation, the investment arm of World Bank is also considering an investment of up to US$15 million in the fund.
Winners of the challenge will receive up to PHP500,000 (approximately US$10,000) in seed funding.
The transaction is expected to be completed by the second quarter of 2018.
This is the first oversea investment for Valuesystem.
This investment will provide more support for firms to innovate across the entire value chain and harness their research capabilities