Role of innovation, peace in Mindanao’s economic progress underscored

DAVAO CITY — Mindanao Development Authority (MinDA) Chair Secretary Leo Tereso A. Magno on Thursday underscored the role of innovation and peace in driving Mindanao’s economic progress.

“Mindanao has evolved from a region beset by conflict into an island of peace, beauty, and abundance—demonstrating the gains brought by stability under Bagong Pilipinas,” Mr. Magno said in his message during the opening of the Innovation Summit 2024 at SM Lanang’s SMX Convention Center on Thursday.

Carrying the theme “Convergent Innovations: Intensifying Gains in the Global Digital Economy,” the summit aims to showcase Mindanao as a hub of opportunity, inviting investors to explore the region’s emerging digital landscape.

Mr. Magno also emphasized the role of innovation in unlocking unprecedented investment prospects in the Davao Region.

“The opportunities before us are limitless, as innovation opens new avenues for expansion and enhancements in all areas of life,” Mr. Magno said.

Mr. Magno added innovation has always been the driving force behind the growth of great economies.

Meanwhile, Department of Information Communications Technology 11 (DICT 11) Information Technology Officer Engr. Albert C. Gabriel said the summit also aims to enhance the knowledge of other provinces in the region on how they can contribute to the information technology industry.

Mr. Gabriel said the summit will be highlighted with a learning session for opportunities related to the ICT industry and development.

Organized by the Davao Chamber of Commerce and Industry, Inc. in collaboration with ICT Davao, the three-day summit is participated by local and international exhibitors showcasing technologies and solutions. — Maya M. Padillo