Philippine Startup Ecosystem Experiences Regional Growth in 2024

The Philippine startup ecosystem is experiencing significant growth, as detailed in the 2024 Startup Ecosystem Mapping Reports by QBO Innovation. The reports highlight five key regions—Ilocos, Lanao del Norte, Iloilo, Negros Occidental, and General Luna—each showcasing unique strengths in fostering startup development. Iloilo stands out for its robust government support, while Negros Occidental benefits from strong academic-industry collaboration. Lanao del Norte boasts a youthful tech talent base, and General Luna attracts digital nomads, creating opportunities for integration into local startup activities. Despite these promising developments, the report notes that startups face challenges in scaling due to limited access to funding and market connections. Enhancing investment opportunities and industry links is crucial for regional startups to expand their reach nationally and globally.