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Accenture Philippines grants P80 million to 10 local universities

Accenture Philippines on Tuesday said it has awarded P80 million in grants to 10 local universities and academic institutions, in efforts to finance emerging technologies, sustainability, and inclusion and diversity efforts.

According to Accenture Technology Lead in the Philippines Ambe Tierro, the investment will boost the local innovation system, and boost inclusion and diversity in the country.

“By supporting on-campus labs and incubators that are embarking on initiatives to accelerate the use of new technologies, develop more sustainable business practices, and foster a more inclusive culture in the technology field, we are helping to nurture the next generation of Filipino technologists that will solve complex business and social challengers in the future,” she said.

The investment will cover three focus areas, including emerging technologies where Accenture will sponsor work related to advancing blockchain innovation and solutions, 5G, cloud, and other emerging technologies.

Among the schools that will gain grants under this focus area are Adamson University, Asian Institute of Management (AIM), Ateneo de Manila University (ADMU), FEU Institute of Technology, Technological Institute of the Philippines, University of Santo Tomas (UST), and the University of the Philippines (UP).

Another focus area is sustainability, which supports programs that seek to create cross-industry platforms which support Philippine sustainability efforts. This includes grants to the De La Salle University.

Inclusion and diversity is also a focus area, with Accenture supporting the development of female-led technology entrepreneurs and startups by the Miriam College and the De La Salle College of Saint Benilde.

“This grant program helps build the foundation on which our universities and academic institutions can further develop Filipino technology talent to look ahead to the future and solve pressing challenges using advanced technologies,” Accenture Innovation Lead Arvin Yason said.

“With the accelerated pace of innovation today, we’re proud to help inspire and motivate our youth to take on this opportunity to learn, experiment and test ideas, and support them as they do it over and over again,” he added.

Listed on the New York Stock Exchange, Accenture reported an 8% increase in revenues in the past quarter to $12.1 billion, approximately $140 million above its guidance.—LDF, GMA News