The overall AR/VR market has begun to grow again thanks to a surge in shipments of standalone head-mounted displays (HMDs) and tethered HMDs that helped to offset the decline in the low-end, screenless viewer segment.
All of the 17 teams will receive equity-free funding for the development of their platforms, as well as trainings, mentorship, legal services, and an office space in Makati City as part of non-cash support that amounts to P600,000.
Newly accredited common tower provider Alt Global Solutions is targeting to build some 2,000 cell sites across the country within four years after striking a deal with local broadband provider Now Telecom.
An online system that would expedite the application process for business registration, in compliance with the Ease of Doing Business Act, is being developed, an official of the DICT said.
