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RP joins global celebration to boost innovation, entrepreneurship


MANILA, Philippines - The Philippines is participating in a global celebration that will recognize the importance of incubating businesses to grow innovation and entrepreneurship around the world. The United Kingdom Business Incubation (UKBI) is spearheading the First Global Business Incubation Day (GBID) celebration involving as many countries from across the five continents. “December 8, 2008 will see the first ever global celebration of innovation and entrepreneurship through business incubation," UKBI said on its website with a countdown saying that the celebration is only 53 days away. UKBI claimed that it is the UK’s authority in business and technology incubation, according to its website. Industry associations in the Asia Pacific and North America have already pledged participation in the event as indicated by the logos posted on the GBID website at http://www.globalbusinessincubationday.org. UKBI said over 40 countries have already committed activities on the day. In the Philippines, the UKBI has touched based with the Ayala Foundation, Inc. which is currently helping manage and support four technology businhess incubation (TBI) facilities nationwide. Two are located inside the campus of state-run University of the Philippines (UP) in Diliman, Quezon City. One is in the campus of the Asian Institute of Management (AIM) in Makati City while the latest is in the UP Visayas Cebu College in the Visayas region. On December 8, the Department of Science and Technology (DOST) is set to launch a low-cost incubation facility inside the UP Diliman campus. The university will also launch its pre-incubation facility on the same day, UP Diliman Vice-Chancellor for Research and Development Luis Sison said. - GMANews.TV
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