Phl startups need funding boost, tax incentives
The Philippine Star|November 15, 2024
The government needs to increase funding support and implement a special tax program for local startups to propel the growth of the country's startup ecosystem, according to venture capital fund Gobi-Core Philippine Fund.
Louella Desiderio

These were among the recommendations of the venture capital fund's report titled "Philippine Horizons: Filipino Innovation in the ASEAN (Association of Southeast Asian Nations) Landscape," presented by Gobi-Core Philippine Fund founding partner Carlo Chen-Delantar during the Philippine Startup Week 2024.

He said the Philippines is well-positioned for growth, with the country's young and fast-growing population offering a unique opportunity to harness the talent pool for economic transformation.

While there have been laws enacted to support startups, the report cited the need for the government to strengthen the implementation of such initiatives to grow the startup ecosystem.

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