The Conversation on Establishing a Local Investors Community for Startups held in December 10, 2014 at Lispher Inn, Davao City gathered eleven (11) participants from the local business, community, foreign expatriate community, ICT industry, banking community, and the local government’s investment promotion agency. It was co-organized with Vital Strategies, Inc.
The activity’s main objectives were to gather key personalities in the ICT and Business sectors to discuss about the feasibility of establishing a local investors community for startups; and create an avenue for collaboration with local investors in the pursuit of co-creating a vibrant innovation ecosystem in the region.
Highlighted during the conversation was the lack of venue where startups are made aware of the current “pains” of local businesses that can be the bases for coming up with viable business ideas worthy of funding support. The group however was amenable to establishing a local investors community as long as mechanisms to link up existing or prospective startups with the local business community are in place.