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Monday, November 25, 2024

Home Business Philippines eyes evolution of tech startup ecosystem

Philippines eyes evolution of tech startup ecosystem

by News desk
May 27, 2023
in Business

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A supportive ecosystem for startups has been established in the Philippines and it continues to evolve, providing a platform for the development of innovative enterprises, according to a new Asian Development Bank (ADB) report released on Friday.The report said there are about 700 active startups in the Philippines, a significant increase from only 100 in 2015, with fintech and e-commerce dominating the startup landscape in the Southeast Asian country as in others.

“Most are active in fintech, media and entertainment, and e-commerce.—Xinhua