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Thursday, June 16, 2005
Venture capital financing to be discussed in ICT forum
Venture capital financing is one of the topics that will be discussed during the Cebu ICT 2005, which will be held from June 22-24 at the Waterfront Cebu City Hotel and Casino.
“Wherever there are serious efforts to foster the development of IT (information technology) and IT-enabled services (ITES), venture capital financing is a principal concern. This is because startups do not have access to traditional sources of funding, “ Cebu ICT 2005 chairman Bonifacio Belen said in a statement.
“The availability of venture capital can, therefore, dramatically accelerate the development of technology hubs.
Cebu ICT 2005 will provide an excellent opportunity to increase awareness of the role of venture capital funding for local startups and to disseminate information on leveraging these resources,” he added.
Narra Venture Capital managing partner Francisco Sandejas will keynote the panel on venture capital financing.
Sandejas was a member of the Information Technology and Electronic Commerce Council chaired by President Gloria Arroyo. He is now the government’s consultant on fostering entrepreneurship in technology sectors.
The panel will be chaired by Epixtar Corp. chairman Ilene Kaminsky with International Finance Corp. country manager for the Philippines Vipul Bhagat and Webworks OS founder and chief executive officer Joey Gurango as members.JBN
(June 16, 2005 issue)
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