The Davao City Chamber of Commerce and Industry has encouraged young investors to use technology in developing the agricultural sector.
“We just organized the Davao City Young Entrepreneurs because this is a reality that a lot of young people now engage in business,” said Arturo M. Milan, president of the business group, during the weekly Kapehan sa Dabaw at SM City Davao yesterday.
Milan explained that those young people into business must invest in agriculture through the use of technology so they could help the economy generate more jobs.
He said investors need to shift to the use of modern technology because their creativity will result in more dynamic forms of businesses.
“For me, capital is not a problem. This is just a problem if you go into the traditional business that’s why we would like to create this new group to be a venue where they can scale up their business concept not only toward the traditional way (but also in adopting modern technology),” he said.
Members of the Davao City Young Entrepreneurs will be inducted on August 31.
“The Philippine Young Entrepreneurs from Manila will orient them (Davao City Young Entrepreneurs) and hopefully this can be the start of the linkage by which (they will be) exposed to business conferences within ASEAN (Association of Southeast Asian Nations),” said Milan.
Meanwhile, the upcoming Davao Agri Trade Expo (DATE) next month will discuss recent innovations, including blockchain technology, and their impact to agriculture.
“We have invited a speaker to talk on how their company has helped a certain agriculture company in obtaining financing through the blockchain method,” John B. Tria, DATE conference director and vice president of the business group.
He said new technologies can even be tapped for financial schemes especially in agriculture, a sector that has been finding hard to access capital.
“We will also be talking about Internet-based marketing because online platforms, which are cheaper than the traditional outlets, are very common,” said Tria, adding that there are platforms at present “which allow the trading and sale of agricultural products like vegetables for wholesale price especially in the restaurants.”