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Philippine Startup Week Caps Off With the Signing of the IRR of the Innovative Startup Act

Philippine Startup Week Caps Off With the Signing of the IRR of the Innovative Startup Act

The first-of-its kind Philippine Startup Week (PHSW19) caps off in high spirit with the signing of the Implementing Rules and Regulations for the Republic Act No. 11337, also known as the Innovative Startup Act. Present at the signing, held at the Crowne Plaza Manila Galleria, are Department of Science and Technology (DOST) Secretary Fortunato dela Pena, Department of Trade and Industry (DTI) Secretary Ramon Lopez, Department of Information and Communications Technology (DICT) Secretary Gregorio Honasan II, and QBO Innovation Hub (QBO) President Rene Meily, along with Filipino startup advocates, enablers, and communities.

The Innovative Startup Act was signed by President Duterte last April 26. This legislation creates the Philippine Startup Development Program that is set to offer “programs, benefits, and incentives” for both startups and enablers. It aims to ‘strengthen, promote, and develop’ the Philippine startup ecosystem.

The PHSW19 is a multi-city, simultaneous gathering of the Filipino startup community which aims to solidify their commitment to raise the level of the industry. It was created through the collaboration of the DOST, DTI, DICT, QBO, the country’s first public-private initiative for startups created through a partnership between IdeaSpace, J.P. Morgan, DOST, and DTI.

The gathering gave startup founders and aspiring entrepreneurs an avenue to grow their network and find like-minded people; they also had various opportunities to learn in community event sessions and interactive activities such as ‘Embracing Googliness: Applying Google Culture to Startups’ organized by Google, ‘Cultivating a Culture of Innovation and Collaboration for the PH Startup Community: The PLDT Innolab Advocacy’ led by PLDT Innolab, DICT’s ‘Tech Advantage Summit’, and many more.

By bringing together the country’s startups, the Philippine Startup Week inspired innovation, encouraged business networking, showcased technologies, and helped build the country as a fast-rising startup hub.

Entrepreneurs are one of the backbones of nation-building not only because they provide jobs and add to government funds, but also because they help paint the country as a progressive nation open for possibilities and business activities.

As a nationwide endeavor, startups in other areas including Albay, Bohol, Butuan, Pampanga, Baguio, Iloilo, Cagayan, Davao, Dumaguete, and Laguna, held simultaneous activities highlighting the growth of the industry that also showcased the massive potential to make it even bigger in the future.

It is hoped that the Philippine Startup Week will drive more innovations and inspire more startups to go ahead with their ideas and make it happen for the community and for the nation.

For more information on Philippine Startup Week 2019, visit:    https://www.phstartupweek.com

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Jallison Baldueza is our resident content assistant author and junior graphic artist in charge of content and article posting. For press release, articles and contributions please e-mail us at info@megabites.com.ph.

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