February 26, 2024

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The Philippines Looking to Attract Biotech Innovators from the U.S.

The Philippines is on the lookout for possible biotechnology innovators to operate inside the country. To do that, the Board of Investments (BOI) has created an innovative campaign where it’s most likely to find the best minds for technology – in San Francisco Bay and Silicon Valley, USA. Aiming to attract more investments in the field of biotechnology, the Philippine delegation met with healthcare innovators in America.

Bannering its “Make It Happen in the Philippines” campaign, the BOI is doing a roadshow in different parts of America. Specifically, it stopped by in Florida, San Francisco, and Los Angeles to entice biotech innovators. It does this by showing opportunities in the country for US-based startups in the life sciences and healthcare space.

The team was led by the Department of Trade and Industry (DTI) Undersecretary Rafaelita Aldaba. Along with him were a host of Filipino biotech innovators. Of note is the leader of a Filipino-American biotechnology company. Their enterprise caters to the latest innovation in pre-cancer screening and opening up a whole new dimension of biology called the ‘Glycoverse’.  To strengthen their presence in the Philippines, they’re building their Artificial Intelligence (AI) team in the country this year, according to Aldaba.

The delegation also met with other biotech innovators in America. One particular enterprise of interest is an early-stage startup and developer of a neuromodulation platform that offers a new type of therapeutic medical device that enables patients to get cured of diseases of undesired neural activities.

In addition, they also met with a media and research firm in the healthcare sector. Along with that, they made sure to talk to a host of investors that focus on public-private funds investing in entrepreneurs promoting health fitness and well-being.

What makes biotechnology such an enterprising tech is that it deals with technology that could help people fight disease and live a better life. In the process, biotech uses many emerging ICT technologies to succeed. These could include:

  • Artificial Intelligence (AI)
  • the Internet of Things (IoT)
  • Cloud technology
  • Big Data
  • Quantum Computing

Indeed, ICT incorporates a host of electronic technologies and techniques to manage data or otherwise called information and knowledge. The computer is a chief research tool for instance. Also, information-handling tools are used not just to hold information but more importantly to arrive at sound conclusions when processing it.

Strictly speaking, biotechnology is an industry-driven by science and deals with the deployment of living organisms and molecular biology with the goal of producing healthcare-related products. A concrete example is the brewing and baking of bread which basically means the use of yeast and living organisms to produce your desired product.

The Philippines has been adopting digitisation for some years now and is ramping up its efforts for the good of its people. For instance, the archipelago has been pushing the envelope when it comes to smart farming. It also recently signed a Memorandum of Agreement to expand its nuclear energy capabilities.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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