Last February 4, our Founder and Chairman Dado Banatao was featured at a Fireside Chat hosted by the Innovation for Social Impact Partnership (ISIP). At the event, Dado shared his insights and experiences as an engineer, entrepreneur, and investor. The chat was followed by a Q&A portion, which gave the participants a rare opportunity to ask questions directly to Dado.
Participants of the event included the Social Entrepreneurs (SE) of the Social Impact Accelerator. “It was a great opportunity for the Philippine startup community to learn from Dado, coming from his firsthand experience in using his technical expertise to invent, innovate, and scale businesses that improve the conditions of people. It was a great privilege for the SE founders to learn from him about growth strategies.” said Goldy Yancha, PhilDev Entrepreneurship Manager and ISIP Social Entrepreneurship Officer.
Dado believes that the Philippines has a strong capability to compete on a global level. He emphasized PhilDev’s work in promoting inclusive economic growth in the Philippines through supporting and spurring innovation and bringing in technical expertise through its wide network.
“PhilDev is here to help. We help not only entrepreneurs but also the government. We have taken Silicon Valley here to the Philippines. If you look at the profile of different nationalities in Silicon Valley, we outweigh the other Asian countries in terms of achievements, in terms of successful companies that were built in Silicon Valley. So, what we want to do here is for Filipinos to take advantage of opportunities here. If we have to compete with Silicon Valley, let’s do it. I’ve been there for so long that over time I realized that we’re just as good”
The Innovation for Social Impact Partnership is a joint project between PhilDev, UNDP Philippines and the Australian Government Department of Foreign Affairs and Trade. In this partnership, UNDP and PhilDev combine their strengths in social innovation, sustainability, technology, and entrepreneurship to enable social enterprises become scalable businesses.