The local startup ecosystem in the Philippines continues to expand even as funding activities have gone down, said Department of Information and Communication Technology (DICT) Sec
The local startup ecosystem in the Philippines continues to expand even as funding activities have gone down, said Department of Information and Communication Technology (DICT) Secretary Ivan John Uy.
Deal volume and value in the Philippines plunged to over two-year low in Q3 of this year, according to data compiled by DealStreetAsia.
Uy said the ecosystem in the country remains promising and now consists of more than 1,100 startups, 60 incubators and accelerators, 50 venture capitalists, and more than 200 co-working spaces nationwide.
Read full article: https://www.dealstreetasia.com/stories/ph-tech-ecosystem-remains-vibrant-continues-to-expand-with-1100-startups-dict-chief-372287
