The Department of Information and Communications Technology (DICT), the Freeport Area of Bataan (FAB), and DFNN have collectively endorsed a Memorandum of Understanding, solidifying their roles as the foundational pillars of Plug and Play’s Horizon Philippines Project.
This joint effort is geared towards advancing the burgeoning startup and innovation ecosystem in the Philippines. The primary objective is to establish Bataan as a central nucleus for technology, generating new job prospects and fostering sustainable economic development within the region.
DFNN’s participation in the collaboration with Plug and Play is centered on its active involvement in the Horizon Philippines project. This initiative aims to harness the abundant talent pool in the country, propelling economic expansion through technological advancements and entrepreneurial endeavors.
Ricardo F. Banaag, DFNN’s President and CEO, expressed excitement about this pioneering collaboration with Plug and Play, highlighting that “Horizon Philippines” transcends being a mere program. He underscored its significance as a dedication to nation-building, facilitating collaboration between the government, industries, and innovators to drive inclusive digital transformation. The overarching objective is to shape the horizon for the Philippines by continuously exploring new avenues to establish an innovation-centric technological landscape.
Through Horizon Philippines, DFNN anticipates gaining valuable firsthand exposure to emerging technology startups. The company aspires to play a pivotal role in spearheading innovation across various industries, providing resources and access to relevant emerging technologies to propel its operations in the technology sector. The program is designed to offer startups opportunities for funding, support, and mentoring, drawing on the proven track record of Plug and Play globally, particularly in Silicon Valley.
Mr. Banaag reiterated that Horizon Philippines acts as a gateway to transformative technologies, steering DFNN’s strategic initiatives and positioning the company for sustainable growth. He expressed pride in collaborating with partners across the public and private sectors, ensuring not only economic growth but also an inclusive digital future that unlocks opportunities for all Filipinos.