By: Philippines News Agency
MANILA - The Philippines targets Intramuros in Manila and the University of the Philippines (UP) Diliman campus in Quezon City as its own versions of Silicon Valley or the rising innovation hubs in the country.
On the sidelines of Slingshot MNL, which is the official event of Asia Pacific Economic Cooperation (APEC) Philippines 2015 for business start-ups on Monday, IdeaSpace Foundation, along with the Department of Trade and Industry (DTI) and the Department of Science and Technology (DOST), launched the innovation hubs as the country’s first public-private partnership (PPP) project focused on establishing a local innovation ecology.
Innovation hubs are work spaces or research centers that provide subject-matter expertise on technology trends, knowledge and strategic innovation management, and industry-specific insights. These hubs enable active knowledge transfer between researchers and business experts, on the one hand, and industry, government and representatives of academia, on the other hand.
In the PPP project, DOST and IdeaSpace allocated P35 million and P15 million, respectively, for the establishment of the two new innovation hubs.
The DTI, on the other hand, ensures to help start-ups from these innovation hubs, through providing facilities such as fabrication labs and easier business procedures.
IdeaSpace resident Earl Valencia said the innovation hubs aim to strengthen cross-industry collaboration to enable entrepreneurship and promote inclusive growth through technology in the country.
Valencia noted that other ASEAN neighbors had already established their own Silicon Valleys, such as Singapore’s Block 71 and Malaysia’s MaGIC.
Silicon Valley in California has been home to start-up and global technology firms including Google, Apple, and Facebook, among others.
Valencia added Intramuros and UP Diliman are strategic locations to put up the country’s Silicon Valley because of the density of universities around the area.
For the Intramuros innovation hub, which will be located at Palacio del Gobernador, it can cater to institutions such as Mapua Institute of Technology, Lyceum of the Philippines University, Colegio de San Juan de Letran, and Pamantasan ng Lungsod ng Maynila as well as other academic institutions within the University Belt.
The UP Diliman innovation hub, which will be located at the National Engineering Center, on the other hand, will cater to students from UP and Ateneo de Manila University.
The innovation hubs will have co-working spaces for innovation teams, events hall for classes and capacity building, prototyping laboratory, indoor café, and meeting space.
The innovation hubs are expected to be operational by yearend.
IdeaSpace, DTI, and DOST invite more industry players to support the rise of innovation hubs in the country.