Startup sector faces funding and coordination challenges

The Philippines has sharply expanded its startup incubation network under the 2019 Innovative Startup Act, but officials warned that limited funding, overlapping mandates and staffing constraints are holding back the sector's potential.

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At the Geeks On A Beach (GOAB 2025) technology conference in Cebu at Jpark Island Resort and Waterpark in Mactan, representatives DOST, DICT and DTI said the law provided a framework to nurture entrepreneurs but lacked the resources to match its ambition. EHDA M. DAGOOC

At the Geeks On A Beach (GOAB 2025) technology conference in Cebu at Jpark Island Resort and Waterpark in Mactan, representatives from the Department of Science and Technology (DOST), Department of Information and Communications Technology (DICT) and Department of Trade and Industry (DTI) said the law provided a framework to nurture entrepreneurs but lacked the resources to match its ambition.