DFNN Inc., a publicly-listed company, teamed up with the Department of Information and Communications Technology (DICT) and the Freeport Area of Bataan (FAB) to accelerate technology innovation and support startups in the country.
DFNN, DICT and FAB signed a memorandum of understanding (MOU) to be the founding anchors of Plug and Play’s Horizon Philippines Project.
Under the project, DICT, FAB and DFNN will collaborate to build and accelerate the thriving startup and innovation ecosystem in the Philippines with the goal of positioning Bataan as a hub for technology, new employment opportunities and sustainable economic development in the region.
DFNN’s participation in the partnership with Plug and Play is to collaborate in its Horizon Philippines project which aims to harness the potential of the country’s rich talent pool, drive economic growth by driving innovation in technology & entrepreneurship and foster an environment that would allow the possible creation of future Filipino “unicorns”in the technology and innovation sector as well as provide a pathway for participation by corporate investors.
“We are thrilled to partner with DICT and FAB on this groundbreaking initiative with Plug and Play,” said DFNN president and chief executive Ricardo Banaag.
“Horizon Philippines’ more than a program. It represents a commitment to nation building, fostering collaboration between government, industries and innovators to propel inclusive digital transformation. Together, we will shape the horizon for the Philippines, by continuously finding new avenues to create an innovation-centered technology landscape,” Banaag said.
Through Horizon Philippines, DFNN will gain invaluable firsthand and direct exposure to emerging technology startups and will be helping spearhead innovation in various industries as well as provide resources and access to relevant emerging technologies that will propel its operations in the technology realm.
