The Department of Science and Technology (DOST) led last December 14 the inauguration of an international ICT business incubator at the Palawan State University in Puerto Princesa City.
Aside from DOST-MIMAROPA, Palawan State University (PSU), Palawe?o ICT Association (PICTA), and Make a Difference (MAD) Industries of Malaysia were also present during the launch of the Palawan International Information and Communications Technology (ICT) Business Incubator cum Start-up Hub or Palawan ITBI.
The facility will serve as a hub for local technopreneurs to develop their tech-relevant ideas into world-class products as the region is currently seeing a growing number of technology-based startups.
DOST-MIMAROPA regional director Josefina P. Abilay said in her speech that the hub will allow ?ideas to be transformed into products and start-ups can be guided to become full-fledged entrepreneurs.?
Palawan ITBI is expected to create more jobs and introduce local technology ventures into the Asean Economic Community as well as the East Asean Growth Area which consists of Brunei, Indonesia, Malaysia, and the Philippines.
It will be operated under the Malaysia?s MAD Incubator management framework.
The launching was also attended by outgoing PSU president Jeter Sespe?e, Elliot Hsu of Taiwan-based Hand Link Corporation, City Councilor and ICT Committee Chairman Eleutherius Edualino, students and faculty members from PSU, and media representatives.