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Philippines aims to breath life into start-up ecosystem

Last year, the country launched a start-up road map but it failed to take off, reports Tech in Asia

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Philippines Start-ups

Judith Balea I Tech in Asia 



When the Philippines launched a road map for start-ups a year ago, you would think all pieces were finally coming together.

But the ecosystem hit a standstill. “In real terms, nothing happened,” Mon Ibrahim, innovation consultant at the Philippines Department of Information and Communications Technology, said last week. Under the road map, the country seeks to create 500 start-ups with total funding of $200 million and a valuation of $2 billion by 2020. “The road map is there but nothing’s happening on the execution side,” Jojo Flores, ...

First Published: Mon, August 29 2016. 16:47 IST
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