PhilDev Foundation launches the Innovation for Social Impact Project (ISIP), supported by the United Nations Development Programme (UNDP) and the Department of Foreign Affairs and Trade—Australia (DFAT-Australia). The objective of the project is to accelerate the development of innovations and formation of technology-based social enterprises in the Philippines. This is expected to contribute to broader inclusive economic growth in the country. 24 Social Enterprises (SEs) will be provided technical support and improved capacity to access capital and attract impact investors.
Anchored on three key strategies, ISIP will focus on Education, Entrepreneurship, and Policy Reform Advocacy. This includes building capacity of Higher Education Institutions (HEIs) and improving access to support mechanisms of targeted SEs and advocating policy reforms that will benefit the whole entrepreneurship ecosystem.
The project will also leverage and facilitate collaboration in the Science and Technology ecosystem through partnerships and linkages between and among local-based HEIs, relevant national government offices and the private sector.
“Entrepreneurship is one of the fastest ways to diffuse wealth among Filipino people. It is the guaranteed way to achieve inclusive economic growth, benefitting everyone and not just a few elites” said Dado Banatao, Filipino tech innovator and the chairman of PhilDev foundation.
For more information about Phil Dev and ISIP, you may contact (632) 470 3668 or e-mail email@example.com.