Filipino
digital startups aim to grow the industry into a $2-billion business by 2020
under a road map where veterans help mentor newcomers.
The industry that
spawned OLX.ph, Chikka, Airborne Access and Netbooster among others aims to
have as much 500 startups in the next four years, with total funding of $200
million.
Stakeholders can now
network via StartupPH, an industry group launched last August, which also
serves as a venue for businessmen to interact with government.
"I think we've hit
a certain maturity point where the government is very willing to help and to
engage with the community," said Launchgarage founder and StartupPH member
Jay Fajardo.
"Tech startups come
up with innovative, disruptive ideas that policy is usually not ready
for," he told ANC.
Government should help
startups by providing a legal framework that fosters innovation, he said.
The newly-formed
Department of Information and Communication Technology estimates there are at
least 100 operating tech startups in the country.
Source: http://news.abs-cbn.com/business/10/01/16/filipino-startups-aim-to-grow-industry-to-2b-by-2020
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