The DOST launched the Philippine Roadmap on Digital Startups on 20 August 2015. The goal of the roadmap is to “generate startups that drive economic growth and provide solutions to our society’s most pervasive issues.”
Filipinos are known for their innovative ideas and this is evident in the number of successful digital startups in the country.
There is a need for government to come up with policies and programs to nurture these digital startups from the development stage up to the point when their ideas will become commercially viable and rolled-out within the country. This may require a good amount of investments. However, our existing investment policies and procedures are not conducive for foreign investments in digital startups.