PH to create incubation hubs for startups, says Peza

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PH to create incubation hubs for startups, says Peza
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Peza Director General Tereso Panga said the government was looking to establish “industry excellence centers” to serve as incubation hubs for startups, seen part of its push to boost the competitiveness of local manufacturing and IT-BPM industries. /PDI

It would also help with industry upskilling and reskilling to prepare the local workforce, as well as the local supply global value chains, for advanced manufacturing and the fourth industrial revolution, he added.Further, Panga spoke of bright prospects for the local health-care information management services sector this year, particularly as a sub-segment of the Philippines’ IT-BPM industry.

He said the IT & Business Process Association of the Philippines, currently the largest umbrella organization of IT-BPM firms in the country, was vying for the needed diversification of higher value clinical and nonclinical services, pharmaceutical support, software development and digital applications, data analytics and other artificial intelligence-based solutions.

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