Co-Develop and Ateneo de Manila University Launch Technical Resource Lab (TRL) in the Philippines

QUEZON CITY, Philippines - May 30, 2024 - PRLog -- Ateneo de Manila University announced the launch of the Business Insights Laboratory for Development (BUILD) Centre today which, in partnership with Co-Develop, will house the Philippine Technical Resource Lab (TRL), an initiative dedicated to strengthening the digital transformation efforts of the Philippines. The TRL will play a pivotal role in the country's digital transformation journey, supported by various Digital Public Goods (DPGs).

The launch event was honoured by the presence of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), signifying a major step forward in fostering an inclusive digital ecosystem in the Philippines. UNSGSA Queen Máxima visited the Philippines for three days to support scaling up safe and affordable financial services for better financial health. The visit focussed on advancing key foundational building blocks for financial inclusion—including connectivity, identification, and digital payments—as well as enhancing financial health and resilience against economic and climate-related challenges for Filipinos.

The TRL, a joint project between Co-Develop, a global nonprofit fund dedicated to accelerating the adoption of safe and inclusive shared digital public goods, and Ateneo de Manila University's John Gokongwei School of Management, aims to localise technical capacity and innovation. This initiative will empower Filipino organisations, by providing them with the necessary tools, infrastructure, and expertise to enhance their economic competitiveness through advanced data analytics, artificial intelligence, behavioural science, financial modelling, and IT applications.

"This initiative is less about technology; and more  about people. It's about recognising the entrepreneurial spirit of Filipino communities and facilitating their collaborative efforts to contribute to the digital transformation journey of the Philippines.. By leveraging the transformative potential of shared digital infrastructure, we can unlock new opportunities and drive sustainable growth across the nation.," commented CV Madhukar, CEO of Co-Develop.

Father Roberto Yap SJ, President of Ateneo de Manila University also remarked, "Beyond finance and technology, this initiative will have a ripple effect that will show that financial inclusivity is key not only to economic and social mobility, but also in allowing people to fully participate in addressing issues that confront us – from sustainability to defending democratic spaces, to educational reform, to health, and a lot more."

The partnership between Co-Develop and Ateneo's John Gokongwei School of Management's Business Insights Laboratory for Development (BUILD) underscores the importance of shared digital infrastructure in driving digital transformation. BUILD's focus on advanced and applied data analytics and financial modelling will be instrumental in achieving the TRL's objectives.

To learn more, visit https://www.codevelop.fund