Quickers Venture and Philippines' National Development Company Ink Agreement to Revolutionize Venture Capital Activities in The Philippines
Press Release: Quickers Venture and Philippines' National Development Company Ink Agreement to Revolutionize Venture Capital Activities
Makati City, Philippines - 1st November 2023 - Quickers Venture, a pioneering figure in innovation and venture building, has officially sealed a groundbreaking collaboration with the Philippines Government through its National Development Company (NDC). This landmark agreement marks a significant stride toward digitalizing venture capital activities and fostering co-investment opportunities leveraging Quickers Deep Tech technology and platform, embracing its Venture Builder methodology.
The agreement, signed by Alberto Herrera Estarriaga, Manager at Quickers Venture, and Antonilo DC. Mauricio, General Manager at NDC, signifies a strategic synergy aimed at nurturing innovation and economic growth within the Philippines.
A Partnership for Entrepreneurship Innovation and Development
NDC, a government-owned corporation dedicated to propelling national economic development, has embarked on various ventures, fostering a collaborative approach with private sectors. Quickers Venture, renowned for its 100% online incubation program and robust fundraising and acceleration initiatives, brings forth expertise in fostering entrepreneurial ventures with a unique focus on deep tech solutions.
This agreement solidifies their shared commitment to catalyze economic progress and innovation by providing a conducive ecosystem for startups. It aligns with the Philippine Government's vision of promoting financial inclusivity, technological innovation, and employment generation.
Philippine Innovation Hub (PHIH): A Cradle for Transformation
In its pursuit of technological advancements and job creation, the Philippines unveiled the Philippine Innovation Hub (PHIH), a haven for public-private collaboration. This initiative includes the NDC Digitalization Initiative, Philippine E-commerce Platform, Philippine Artificial Intelligence Center, and the Startup Venture Fund (SVF), envisioning a space where creativity flourishes, and ideas find wings to soar.
Charting the Course Forward
The agreement outlines pivotal objectives aiming to facilitate innovation exchange, policy advocacy, and resource-sharing:
- NDC commits to supporting startups within Quickers Venture's pipeline, fostering growth opportunities.
- Quickers Venture pledges collaboration in advocating policies favoring innovation, alongside support for PHIH activities and knowledge center establishment.
- Collectively, the parties aim to build networks across government agencies and business organizations, fostering an environment conducive to innovation and growth.
Looking Ahead
This partnership embodies the fusion of visionary strategies and pragmatic initiatives to bolster the Philippines' innovation landscape. It reinforces the commitment to creating a vibrant ecosystem conducive to entrepreneurial success, technological advancement, and inclusive economic growth.
This agreement is poised to transform the narrative of venture capital activities in the Philippines, fostering an era of innovation, collaboration, and economic prosperity.
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Signed:
Alberto Herrera Estarriaga Manager, Quickers Venture
Antonilo DC. Mauricio General Manager, National Development Company
