THE CEBU Chamber of Commerce and Industry (CCCI) is pursuing previous plans to set up a group of angel investors to help local start-up ventures. “We have to help the Cebuano start-ups to monetize their creations. The chamber will develop a platform that will link the innovators and the capitalists,” CCCI President Virgilio G. Espeleta said. A meeting for the potential venture capitalists is now being planned, he said. Mr. Espeleta noted that the last time the chamber attempted to create a pool of angel investors, it encountered a snag with the organizational structure. “We just need to formalize the mechanics on this,” he said. Earlier, the Department of Trade and Industry-Central Visayas (DTI-7) announced it will introduce programs that will help prepare start-up communities embrace the venture capitalism concept. DTI-7 Regional Director Asteria C. Caberte said majority of innovators who have brilliant concepts are usually not knowledgeable in business operations, and they need some mentoring before entering partnerships with investors. — The Freeman

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