The Department of Information and Communications Technology (DICT), the Freeport Area of Bataan (FAB), and DFNN have jointly signed a Memorandum of Understanding, establishing themselves as the founding anchors of Plug and Play’s Horizon Philippines Project.
This collaborative initiative aims to propel the thriving startup and innovation ecosystem in the Philippines. The overarching objective is to position Bataan as a central hub for technology, fostering new employment opportunities and sustainable economic development in the region.
DFNN’s involvement in this partnership with Plug and Play is centered around its collaboration in the Horizon Philippines project. The project seeks to leverage the abundant talent pool in the country, driving economic growth through advancements in technology and entrepreneurship.
Ricardo F. Banaag, DFNN’s President and CEO, expressed enthusiasm for the groundbreaking initiative with Plug and Play, stating that “Horizon Philippines” goes beyond being a mere program. He emphasized that it represents a commitment to nation-building, fostering collaboration between government, industries, and innovators to facilitate inclusive digital transformation. The collective goal is to shape the horizon for the Philippines by continually exploring new avenues to establish an innovation-centered technology landscape.
Through Horizon Philippines, DFNN anticipates gaining invaluable firsthand exposure to emerging technology startups. The company aims to play a pivotal role in spearheading innovation across various industries. DFNN will also provide resources and access to relevant emerging technologies to propel its operations in the technology realm. The program is designed to offer startups opportunities for funding, support, and mentoring, drawing on the proven track record of Plug and Play globally, especially in Silicon Valley.
Mr. Banaag continued to emphasize that Horizon Philippines serves as a gateway to transformative technologies that will drive DFNN’s strategic initiatives and position the company for sustainable growth. He expressed pride in working collaboratively with partners across the public and private sectors to ensure not only economic growth but also an inclusive digital future that unlocks opportunities for all Filipinos.
