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The Philippines’ startup scene is rapidly gaining traction, according to startup incubator Brainsparks and ecosystem platform e27."The growth we are seeing in the Philippine startup ecosystem is encouraging for both startups and venture capitalists. There are immense opportunities for innovation and entrepreneurship here. Our startups are becoming more competitive in the region,” said Brainsparks co-founder Artie Lopez.
The e27 co-founder said that with a rapidly growing population and a government that actively promotes foreign investments through sound policies, the Philippines has a “vast potential consumer base for business.”According to the Global Startup Ecosystem Report, the Philippines’ startup ecosystem was valued at $6.4 billion, nearly doubled the $3.5 billion valuation the year prior. Brainsparks and e27 have partnered to introduce Echelon—a tech and startup business conference— in the Philippines.
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