Kwadra Tekno 101 with Francis Gentoral: Demystifying tech startups and their role in Iloilo’s economy

Startups? In Iloilo?

A cloud of mystery hangs over local startups, technology-based companies that build innovative products as solutions to industry or social problems. There is also a vague understanding about what they do and how they affect the lives of the common people.

Do you want to know more about startups and how they contribute to the local economy? 

Join Kwadra Tekno 101’s session with Francis Gentoral, executive director of the Iloilo Economic Development Foundation Inc., as he discusses the Role of Tech Startups in Iloilo’s Economy from 9:30 AM to 11:30 AM on February 23, 2022 via Zoom. Register here.

Startups are a rapidly growing part of the Philippines’ business landscape. Many of us may not be aware that we are using tools that were once startup projects (Foodpanda, Grab) before becoming profitable standalone tech businesses.

Some of them are based in Iloilo. They either host locally made products you can buy online (Bakal Lokal), give sustainable fashion designers access to tropical yarns (Panublix), let you learn about cryptocurrency and trade for you (Insight Crypto Trading Bot), among others.

Across the Philippines, they are job providers—home to teams of skilled IT, management, marketing, and business professionals—income generators, and magnets of investments from venture capitalists and conglomerates here and abroad.

This session with Gentoral is part of the series of technopreneurship seminars of the Iloilo Science and Technology University – Kwadra TBI (Technology Business Incubator), one of the TBIs in Western Visayas supported by the Department of Science and Technology.

Technology business incubation is one of the strategies the DOST developed to promote innovation and technopreneurship for the Philippines’ socio-economic development in a knowledge-based world economy.

“Incubation” involves an ecosystem where innovation is supported and promoted all the way toward commercialization. It aims to help technology-based startup businesses by providing a range of resources, services, and facilities needed during the development stage.

Aside from being a key official of ILED, Gentoral is also the chairman of the Regional Development Council VI’s Economic Development Committee, and a professional lecturer for the University of San Agustin’s MBA and MPA programs.

He has extensive and substantive experience working at various levels of the Philippine government and with nongovernment organizations (including private sector associations/organizations) on local economic development and recovery, tourism development, and climate change planning.

Experts believe that the Philippines’ growing startup ecosystem will continue to experience exponential growth as more and more young entrepreneurial Filipinos get involved. #

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