Saturday, March 2, 2024

Gov’t now drafting tech start-up roadmap for PH

By Tom Noda

With the aim of supporting local technopreneurs, the government has started working on — for the first time — a roadmap for tech start-ups in the Philippines.

DOST secretary Mario Montejo
DOST secretary Mario Montejo

Department of Science and Technology (DOST) secretary Mario Montejo made the disclosure in his keynote message sent to participants of the 6th NICP (National ICT Confederation of the Philippines) Summit held during the recent trade fair and business conference in Davao City.

Montejo said the DOST’s ICT Office is setting up the roadmap as it intensifies efforts to foster technopreneurship in ICT hubs outside Metro Manila called ?Next Wave Cities.?

“From co-organizing Startup Weekends and Bootcamps in the Next Wave Cities and the recent launch of the first-ever Philippine Startup Challenge, we are now in the process of developing the Philippine Startup Roadmap, which will serve as our framework towards cultivating the startup ecosystem in the country,” Montejo said.

As early as last year, local technology start-up communities have been clamoring for a roadmap that can lend a helping hand to local tech firms eager to make a name in the local and global stage.

According to Montejo, helping the start-up ecosystem will further advance the IT-BPM or IT and business process management industry which gained dramatic achievements in the last 10 years.

The local IT-BPM industry last August has breached the 1 million mark in terms of direct employment, doubling its year 2010 figures of 525,000 full-time employees.

“We are on our way to easily achieving our target of a minimum of 1.3 million direct employees in this industry by the end of 2016,” Montejo said.

“The growth in the employment in IT-BPM is expected to result in at least $18 billion by the end of this year, making our target of at least $25 billion in revenue by the end of 2016 certainly within reach.”


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