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The establishment of the Cebu Educational Development Foundation for Information Technology (CEDF-IT) is an important result of the first Cebu IT Summit convened by Mayor Alvin B. Garcia and held last March 29-30, 2001.

The Cebu IT Summit had identified the need to enhance the quality and quantity of human resources in the IT industry. Responding to this challenge, major players in the industry, academe and government signed a Memoramdum of Understanding on March 30, 2001, establishing CEDF-IT. Five (5) major industry players (NEC, Lexmark, CPVDC, Aboitiz Group Foundation, Inc., and Ng Khai Dev't Corporation); two (2) NGOs (CCCI and Tri-Tech); eight (8) leading universities (USC, USJ-R, USP, UP-Visayas, UC, UV, SWU, and CIT); the Cebu City Government and six (6) government agencies (TESDA, NEDA, DOST, DTI, DECS, and CHED), committed themselves as Founding Consortium-members of CEDF-IT. By August 28th, the CEDF-IT inaugurated its office within the campus of USP, Lahug. Finally, on the 5th of November 2001, CEDF-IT became duly registered with the SEC.

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