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Business > Top Business
Startups should be encouraged – ADB
By Niña Myka Pauline Arceo
May 27, 2023 12:30 am

THE Philippine startup ecosystem has improved substantially in recent years but more can be done to foster innovation and grow the sector, a new Asian Development Bank (ADB) report said.

Released on Friday, the ADB's 'The Philippines' Ecosystem for Technology Startups' report noted that the country currently had about 700 startups — defined as 'a young company that innovates technologies or applies existing technologies in innovative ways to provide a new product or service' — from just 100 in 2015.

Asian Development Bank

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