How can the Philippines leapfrog from being an exporter of labor, garments and bananas into a technology powerhouse that can outshine India as exporter of innovative new products and software? When will Philippine economic news shift from the usual foreign loans, new taxes, and high budget deficit to technological breakthroughs and the export world-class products? A former poor boy from Cagayan province and now a Filipino technology tycoon in Silicon Valley recently granted us an exclusive interview in his Tallwood Venture Capital office building beside Wells Fargo Bank and near Stanford University. In 1997, Philippine-born Diosdado "Dado" Banatao was honored with the prestigious "Master Entrepreneur of the Year" award sponsored by the Ernst & Young global accounting giant, Inc. magazine and Merrill Lynch. Every year, Banatao funds Filipino-American scholars studying engineering or science courses in top schools all over the US. He also funds a speci...
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