Villar-led Vista Land and Lifescapes Inc. said it will build a Technopreneurship school in partnership with the University of the Philippines (UP).
The project will happened in the master planned Vista City, south of Manila.
In a disclosure to the Philippine Stock Exchange on Tuesday, Vista Land said it has forged a partnership with UP to develop the country’s first School of Technopreneurship.
The Villar family has donated a five-hectare land where the school will be built. The upcoming UP campus will rise in the University Town area of the 1,500-hectare Vista City which straddles portions of Muntinlupa, Las Piñas, Bacoor in Cavite, and San Pedro in Laguna.
Vista Land will build the initial campus facilities while UP will design the programs to be offered.
“The initial development timeline projects the construction of an Enterprise Center and Classroom Complex that will offer postgraduate and undergraduate programs in Technopreneurship and Design Engineering for UP students,” Vista Land noted.
The idea for the new facility was taken from a “Think Paper” published by UP. The paper argues that investment in knowledge capital development is key to sustaining a nation’s economic progress as well as inclusive growth.
The paper noted that the Philippines needs to invest not only in education infrastructure, but also in “Knowledge Suprastructure,” which allows the development of technopreneurs or multi-disciplinary experts, who are trained specifically in technology and business.
“This suprastructure requires investment of both public and private sectors in smart classroom facilities, business incubation space, and tech innovation zones located within modern university towns that allow technopreneurs to thrive in a supportive ecosystem—think of Silicon Valley in California,” Vista Land said.
“A UP campus in Vista City is envisioned to become the birthplace of local tech start-ups that will ensure that the Philippines will remain competitive in today’s global economy,” Vista Land Chairman Manuel Villar Jr. said.
UP President Alfredo Pascual noted the new campus would give its students more opportunities to succeed.
“The UP Technopreneurship Campus in Vista City’s University Town can give its student technopreneurs a better shot at bringing discoveries, inventions, and designs to the innovation stage and competing on the bigger world stage,” Pascual said.
Vista Land President and CEO Paolo Villar noted the campus could contribute to economic progress in the Philippines.
“With the signing of the memorandum of agreement between UP and Vista Land, doors are opened to aspiring technopreneurs and big tech industry players alike,” Villar said. “The Philippines takes one step closer to making this economically progressive future a reality.”