The Wadhwani Foundation and the Department of Science and Technology (DOST) of the Philippines have signed a Memorandum of Understanding (MOU) at DOST’s Central Office in Taguig City on November 14, 2024. This partnership formalized the day before the EmpowerEd 3.0 Summit, highlights a joint commitment to fostering entrepreneurship and digital transformation nationwide.
The MOU signing set the stage for the EmpowerEd 3.0 Summit on November 15, 2024, at the Lyceum of the Philippines University Manila. Themed “Educate, Engage, Elevate the Next Gen of Entrepreneurs,” the summit convened educators, policymakers, entrepreneurs and innovators to discuss new initiatives and celebrate the milestones in entrepreneurship education. Wadhwani Foundation’s latest program, Wadhwani Ignite, was launched at the event to support young entrepreneurs with cutting-edge AI tools and resources.
Meetul Patel, President of Wadhwani Entrepreneurship and Government Digital Transformation, shared his enthusiasm for the new partnership: “Our collaboration with DOST aligns perfectly with our mission to drive economic growth in emerging economies through entrepreneurship and digital innovation. Together, we can cultivate an environment where Filipino entrepreneurs are equipped to lead the nation’s future growth.”
Strategic Areas of Collaboration
The MOU outlined several key areas where DOST and Wadhwani Foundation will work together to support entrepreneurial growth and technological advancement:
- Entrepreneurship Capability Building: The collaboration will offer workshops, mentorship and capacity-building programs to empower aspiring and existing entrepreneurs in the Philippines.
- Digital Transformation for Smart Cities: The partnership will support DOST’s Smart and Sustainable Cities program, creating digital solutions and innovation hubs to benefit urban communities nationwide.
- Enhancement of Technology Business Incubation (TBI) Programs: The MOU also aims to improve DOST’s TBI program, providing training and resources for TBI managers and fostering student engagement in entrepreneurial projects.
These initiatives are powered by Genie AI, Wadhwani Foundation’s latest AI-driven platform, launched at EmpowerEd 3.0. Wadhwani Ignite provides young entrepreneurs with a comprehensive suite of tools, including learning modules, mentorship resources and networking opportunities.
About the MOU Signing and EmpowerEd 3.0 Summit
The MOU was signed by Renato U. Solidum, Jr., Secretary of DOST, and Meetul Patel, President of Wadhwani Entrepreneurship and Government Digital Transformation, at DOST’s Central Office on November 14. Dr. Ajay Kela, President and CEO of Wadhwani Foundation, expressed his commitment to the partnership, stating, “This partnership with DOST enables a new wave of entrepreneurial growth that will redefine opportunities for young Filipinos. Together, we are setting a foundation for a brighter, more inclusive future.”
This collaboration embodies a long-term vision for fostering innovation and entrepreneurship through structured programs, with a clear implementation plan set to roll out in the coming months. “Our collaboration with DOST strengthens the path for aspiring entrepreneurs, giving them essential skills to navigate today’s challenges,” Dr. Kela added. “This alliance is about building capabilities that last.”
Lucrecio Delgado, Jr., Regional Director of Wadhwani Foundation SEA, remarked, “This partnership with DOST is a testament to our shared goal of empowering Filipino entrepreneurs. Through initiatives like Wadhwani Ignite, we aim to equip the next generation with the skills, tools and support they need to succeed in today’s rapidly evolving digital economy.”
About Wadhwani Foundation
Wadhwani Foundation is a high-growth tech organization dedicated to social good. It is a global not-for-profit with the primary mission of accelerating economic development by driving job creation through large-scale initiatives in skilling, entrepreneurship, government digital transformation, and innovation & research. Founded by Silicon Valley entrepreneur Dr. Romesh Wadhwani, the Foundation is scaling impact across multiple countries in Asia, Africa, and Latin America. Through innovative programs that leverage the latest technology and expansive global networks, it democratizes access to world-class resources needed to improve livelihoods and change lives.
For more information and to register for the discussions, please visit www.wadhwanifoudation.org
About the Department of Science and Technology (DOST)
The Philippines’ Department of Science and Technology (DOST) provides leadership in science and technology, coordinating research, development and technological innovation to promote sustainable growth and national progress.