The Philippines
Manila, the capital city of the Philippines, is a vibrant metropolis bursting with rich history, cultural diversity, and a bustling city life. As a major economic and educational hub in the Philippines, it offers abundant opportunities for business, education, and exploration. With over 7600 islands, the Philippines is the second-largest archipelago globally and the second most populated country in ASEAN. Despite its diverse culture and numerous native languages, English serves as the official business language, facilitating communication and collaboration.
NOC is launching a new programme in Manila, and we look forward to your participation as the pioneer batch of students heading to Manila – the vibrant startup ecosystem this coming January 2024. Do check out the following video and read on to find out more!
Video credits: The Philippines Innovation Boom
Manila has emerged as a thriving startup ecosystem in the Asia Pacific region, making the Philippines an attractive destination for innovation and entrepreneurship in Southeast Asia.
According to the latest Global Startup Ecosystem Report (GSER) 2023, Manila's startup ecosystem has experienced impressive growth, with its value increasing from $2.1 billion to an impressive $3.5 billion in just two years—a remarkable 85 percent growth. This growth not only underscores the country's potential but also positions Manila as a compelling choice for building successful businesses.
The city excels in fintech, ecommerce, entertainment, media, and gaming sectors, with promising future growth in agriculture, education, environment, healthcare, and more.
Manila is known for its abundance of young talent and enjoys robust support from both the private and public sectors, including initiatives like the Innovative Startup Act (ISA) and the Philippine Innovation Act (PIA), along with various funding opportunities and grants. The Ease of Doing Business Act which speeds up the creation and entry of more business in the country also provides a conducive environment for entrepreneurial growth.
Read More
- Manila’s startup ecosystem value surges to $3.5 B – report
https://mb.com.ph/2023/6/16/manila-s-startup-ecosystem-value-surges-to-3-5-b-report - Manila startup ecosystem
https://startupgenome.com/ecosystems/manila - Philippines’ Tech Startup Ecosystem Making Progress
https://www.adb.org/news/philippines-tech-startup-ecosystem-making-progress - Philippines
https://www.enterprisesg.gov.sg/grow-your-business/go-global/market-guides/southeast-asia/philippines/overview - Top 14 Startups in Philippines in 2023
https://www.failory.com/startups/philippines
