The Department of Trade and Industry announced it formally launched through a live info session conducted last January 12 via Facebook Live.
THE Department of Trade and Industry announced it formally launched together with PhilDev Foundation the “Incubation, Development and Entrepreneurial Assistance,” or IDEA, and the “Accelerating Development, Valuation and Corporate Entrepreneurship,” or “Advance” through a live info session conducted last January 12 via Facebook Live.
“Along with MSMEs [micro, small and medium enterprises], startups are the bedrock of the economy. Hence, supporting startups would be crucial to create a huge pipeline of quality startups.” Undersecretary Rafaelita M. Aldaba emphasized. The DTI explained that IDEA is for early-stage tech startups. The program encourages collaboration between startups, mentors, investors and the government to create market-ready innovative science and technology products and services.
“We are pleased to present the “Idea” and “Advance” program. These programs are designed to nurture, develop startups and ensure that they will become economic assets, as competitive job-generating platforms. In these programs, startups will access tailored workshops and mentorship from global talent, market readiness assessment, legal and financial support services and many more,” PhilDev Foundation Executive Vice-Chairman Eric Tomacruz said.