CONSUL GENERAL DE VEGA BRAINSTORMS WITH NEW YORK FILAMS ON TECHNOLOGY-DRIVEN STARTUPS AND FINANCE

Consul General Ma. Theresa Dizon-De Vega initiated an informal meeting with Filipinos involved in New York's information technology (IT), startup, and venture capital scene.

Consul Genreal Dizon-De Vega met with Mr. Earl Valencia, Ms. Carmen Feliciano and Ms. Monica Recto, who share a common passion to promote Philippine startups and IT. Consulate General's Economic Section Head, Consul Felipe Carino III joined them.

During the meeting, Consul General Dizon-De Vega informed the group of the robust Philippine economic growth in 2016 as well as the positive prospects for the growth momentum to continue in 2017 propelled by strong economic fundamentals, public and private investment in infrastructure and technology, and President Duterte's anti-corruption platform.

She shared that the Philippine IT and startup sector can make a contribution to economic growth through job and income generation and that Filams in New York are well-positioned to boost opportunities by utilizing local resources, know-how, networks, and skills.

Mr. Earl Valencia, founder of IdeaSpace, a prime mover of start-up forum Slingshot organized by the Department of Trade and Industry in the Philippines, and a 2016 Ten Outstanding Young Men (TOYM) awardee, believes that Filams and Filipinos in the US can be collaborative partners in promoting Philippine IT/ startups on the East Coast in the same way they have done on the West Coast.

Ms. Feliciano, an IT ventures adviser and marketing practitioner, sees the potential in bringing together IT start-ups, those in the IT/Tech Field, more established IT entities, and even possible connections in other Asian countries to engender more IT start-ups in PH and among FilAms.

The engagement of Filipinos and FilAms in the tech start up and venture capital sector forms part of the Consulate General's mandate on economic diplomacy and trade and investments in collaboration with the Philippine Trade Office New York. END

Source: Republic of Philippines Department Of Foreign Affairs