To provide Filipino technopreneurs in Palawan a hub to incubate and accelerate Information and Communications Technology (ICT)–based enterprises, the Department of Science and Technology-MIMAROPA (DOST-MIMAROPA), Palawan State University (PSU), Palaweño ICT Association (PICTA), and Make a Difference (MAD) Industries of Malaysia came together to open the first ever international ICT business incubator in the region last December at the Palawan State University-Main Campus in Puerto Princesa City.
The Palawan International Information and Communications Technology Business Incubator cum start-up hub, also known as Palawan ITBI, caters to the growing number of technology-based start-ups. The TBI provides start-ups a platform where they can develop their tech-relevant ideas into products that will be able to compete in the global market.
Dr. Josefina Abilay, DOST-MIMAROPA regional director, said the newly-launched start-up hub is where “ideas can be transformed into products and start-ups can be guided to become fully-fledged entrepreneurs.”
“It is timely that this initiative is finally offering incubation services to young professionals and aspiring entrepreneurs so that their ideas or start-up products will be accelerated through the Palawan TBI,” she added.
The establishment of the TBI is one step closer towards the goal of DOST-MIMAROPA, PSU, and PICTA of nurturing techno-preneurship, promoting public-private partnership in the regional development of MIMAROPA, creating more jobs, and introducing the local technology ventures in the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area and the Asean Economic Community. Asean is the Association of Southeast Asian Nations.
Palawan ITBI will be operated under the MAD Incubator management framework and a partnership between a successful MAD Incubator owned by Andrew Wong.
The launch was also attended by outgoing PSU president Jeter Sespeñe, Elliot Hsu of Taiwan-based Hand Link Corporation, City Councilor ICT Committee Chairman Eleutherius Edualino, as well as students and faculty of PSU.