IT group: PH gov?t should follow Korean model to help start-ups

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CPU “While this bill is a welcome initiative, a more appropriate government intervention should be similar to the efforts of South Korea,” said CPUs Rick Bahague. In South Korea a 15-year plan to support start-ups from infancy to maturity was started last year. The “creative economy” is pushing for the “convergence of science and technology with industry, the fusion of culture and industry, and the blossoming of creativity” with the clear goal of creating new “engines of economic growth and employment”. “Unlike the half-baked Start-Up Business Bill, South Korea is providing all necessary support for innovative ideas,” said Bahague. The group said the Aquino administration has yet to implement a program that ?creates an environment conducive for start-ups to flourish including availability of public innovation facilities to test and implement innovative ideas, accessible government funding, and adequate intellectual property protection.? ?In the long term, we have to develop science and technology, build industries, develop information and communications technology (ICT) to support social needs and improve the lives or our people which will be the source of various creativity that can be supported by the government,” said Bahague. CPU noted that the recent bills filed in the Senate such as the ?Public Wi-Fi Bill? and ?Bilis Konek Bill? sponsored by Sen. Ralph Recto show ?how current legislators comprehend the nature of technology and its environment.? “While these bills are welcome, they do not provide appropriate solutions to current problems of internet users and the start-up industry. The Philippine ICT industry sits on unlocked potential until there is a genuine need from various sectors of the local economy,” said Bahague. ]]>

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