Filinvest launches Filinvent.io for digital transformation

Filinvest Group’s corporate innovation and ventures arm has introduced Filinvent.io, a program that aims to help its operating companies digitally transform themselves through startup engagements. In a statement on Friday, the Gotianun-led firm said the program would enable the group companies to tap tech startups, emerging technologies and disruptive innovations externally to solve business challenges. “The aim is to accelerate digital transformation through a broad range of collaborations with startups, including product development efforts, knowledge exchanges, licensing deals, strategic partnerships and even potential investments,” Filinvest explained. The startups could then work with any of the group’s 60 operating companies, which are involved in banking and financial services, real estate, hospitality and leisure, power and utilities, infrastructure and technology. “As a large corporation, working with technology startups in an open innovation initiative helps us become more nimble and better positioned to address the dynamic changes in the market,” Filinvest Development Corp. (FDC) President and Chief Executive Offier Josephine Gotianun-Yap said in a statement. Shares of FDC shed 3 centavos or 0.34 percent to end at P8.72 apiece on Friday.

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Article and Photo originally posted by The Manila Times last October 5, 2020 and written by Faye Almazan.