ADEC Innovations Foundation and AIM-SRF sign MOU for Research Lab on PPPs
Makati City, Philippines - On March 2, 2016, the Asian Institute of Management - TeaM Energy Center for Bridging Leadership (AIMTEC), through the AIM Scientific Research Foundation (AIM-SRF), and the ADEC Innovations Foundation (AIF) signed a Memorandum of Understanding (MOU) to formalize their partnership in establishing a research laboratory on Public - Private Partnerships (PPPs) in AIMTEC.
Professor Manuel J. De Vera, Executive Director of AIMTEC, opened the MOU Signing ceremony highlighting AIM and AIMTEC's excitement on this pioneering collaboration in Philippine management research. He emphasized the great value the complementary competencies of both institutions will bring in improving the sustainability of PPPs through the research laboratory on PPPs in AIMTEC.
"PPPs are a tricky business and the complex PPP landscape and experience of the Philippines requires a better understanding of what PPPs are and how such arrangements with its attendant categories of risks (political, legal, economic and social) can be disciplined," explained Professor De Vera.
Dr. Jikyeong Kang, President, CEO, and Dean of AIM led the signing of the MOU with Professor De Vera, while ADEC Innovations Foundation was represented by its President and CEO, Mr. James M. Donovan and Trustee, Ms. Lilian Reventar.
Dr. Kang affirmed the value of establishing a research laboratory for the sole purpose of examining opportunities and challenges in PPPs. "Generating knowledge on PPPs is a great start, given how PPPs accelerate growth and benefit the general populace, especially in the area of social PPPs such as health, housing, and in education," Dr. Kang elaborated.
Dr. Kang thanked ADEC Innovations Foundation for their trust and welcomed them to the AIM community saying, "This partnership could not come at a better time as AIM moves forward in the direction of creating knowledge and actionable strategies that merge business and society."
Mr. Donovan responded by acknowledging that this collaboration is crucial in creating innovative and sustainable Environmental, Social, and Governance Solutions (ESG) that generate direct, tangible, and positive impact to the United Nations Sustainable Development Goals and around the globe.
"What we need to do is examine the factors behind successful PPPs so we can bring the possibilities promised by government partnering with the private sector to the forefront," explained Mr. Donovan.
Ms. Bernadette Roxas closed the ceremony by sharing TeaM Energy Corporation's experience in PPPs in the Philippines. She delved on TeaM Energy's commitment in working with the Philippine government in addressing the country's energy needs in promoting sustainable economic growth and development.
The MOU Signing was witnessed by Mr. Roberto Figueroa, Vice President of ADEC Innovations, esteemed guests, and members of the press including CNN Philippines, NET25, Rappler, the Manila Bulletin, and Business Mirror.
Called the Leadership and Governance Research in PPPs, the research laboratory is envisioned to be a convening platform where critical knowledge on PPPs will be created and disseminated, and where the capacities of prospective and current PPP practitioners can be enhanced through public or customized programs. The research laboratory on PPPs will have four initial areas of interest: Health, Energy and Environment, Road Infrastructure, and Education and Information Technology.