Innovation hub to rise with private-public sector cooperation


A community space, designed to support local startups, will soon be put up jointly by the Department of Trade and Industry (DTI) and IdeaSpace of the MVP Group at the DTI International Building in Makati City.

Dubbed as the QBO Innovation Hub, the facility is expected to link investors, innovators, entrepreneurs, academic institutions, and startup counselors and mentors and other stakeholders from both public and private sectors.

QBO will serve a venue for more micro, small and medium entrepreneurs (MSMEs) to work together and explore opportunities and sources of assistance.

IdeaSpace has long supported the startup eco system since its inception several years back.

IdeaSpace head Manuel V. Pangilinan cited the keen interest manifested by government in working with private-sector partners to help raise the Philippine start-up scene to global standards.  In a statement, he referred to the old adage “It takes a village to raise a child.”

Ideaspace is a non-profit foundation supported by First Pacific, Metro Pacific investments Corp., PLDT, Smart Communications, Meralco, Indofood, Philex Mining, Maynilad, MediaQuest and TV5.

IdeaSpace seeks to promote startup technopreneurship in the country by providing equity-free funding, incubation and acceleration through its national start up completion held yearly.

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