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Philippines: "We pivoted to becoming an agritech startup after we received the funds"

Dennis Ivan Chavez, a 25-year-old computer engineering graduate from Mindanao State University's Iligan Institute of Technology, didn't know he would one day co-found FrescoGreenovations, an agriculture-based startup that provides automation services for farms and gardens.

"I come from a family of Igorot farmers and traders, but as time went on, they slowly moved away from farming and pursued other careers," he told BusinessWorld. When the pandemic hit, the online gaming and tech enthusiast had a chance to try other things that he said weren't taught in his university subjects, one of which was hydroponics.

"The harvest gave me a lot of dopamine. I turned to my high school classmates who took up agriculture and got them onboard We supplied a few food businesses and households," he said.

FrescoGreenovations in January registered with the Securities and Exchange Commission, over two years after it was chosen to be part of a Department of Agriculture (DA) program for aspiring farmers.

"We pivoted to becoming an agritech startup after we received the funds. It was a rollercoaster of events after that, a lot of ups and downs," according to Mr. Chavez, who was 21 years old when he and his teammates received a grant of P100,000 from the government.

Read more at Business World

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