The Global Startup Ecosystem Report 2020 puts the value of Manila’s startup ecosystem at $1.6 billion, with a total early stage funding of $102 million over the last two and a half years.
Local tax filing and payment website Taxumo is holding free online sessions to help self-employed professionals and entrepreneurs who are now struggling to cope with the “new normal”.
The report noted, however, that startups are well-positioned to create innovative and tech-driven solutions to respond to the crisis, and are leading the way for digital transformation.
AccessiWheels, Drive, and DWARM Technologies — startups from the UPSCALE Innovation Hub in UP Diliman — are repurposing their products and services in response to the current health crisis.
The Opportunity Fund aims to invest in startups within and outside of the IdeaSpace portfolio, particularly those who may be looking for funding to help make key business and strategic decisions.
A new survey has found that while capital requirements remain the top concern of local startup founders, the main challenge has shifted from funding to sustaining a viable business model.
