NDC said in a statement that the NDC and Quest Ventures have signed a Memorandum of Understanding to embark as knowledge partners to drive startup innovation and investments in the country.
It said the collaboration aims to leverage their combined expertise and resources as well as to strengthen linkages between government and private sector.
The NDC will leverage its newly established Philippine Innovation Hub (iHub) for this collaboration.
It is noted that iHub is also the headquarters of the Startup Venture Fund (SVF), the Philippine E-commerce Platform (PEP), and the Ph AI Research Center (PAIR).
“With their significant footprint in Singapore and across Asia, Quest Ventures brings valuable cross-border insights, best practices and extensive network that aligns with our key objectives in enhancing the local venture capital ecosystem and promoting sustainable investments,” said Anton Mauricio, General Manager of the NDC.