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Filipinos in Singapore urged to participate in the Philippine startup ecosystem

Adrian M. Reodique | Dec. 15, 2016
Startups can turn to the Department of Trade and Industry for help.

Glenn Peñaranda, Commercial Counsellor of the Philippine Trade and Investment Centre of the Department of Trade and Industry (DTI), has called on Filipinos based in Singapore to join Philippines' emerging startup community.

Peñaranda made the remarks during a seminar by FilTreps, a group of Filipino entrepreneurs in Singapore that holds networking and information sessions for Filipinos on how to set up business, prospects for joint venture and collaborations.

"Find inspiration in events like this to get that idea off the ground.  Think about a solution that is original and differentiated.  There is a new breed of businesses that thrive in the innovation economy.  Do your research," said Peñaranda.

He also shared several projects of DTI to support startups. One example is the SlingShot Philippines, an event for public dialogue and partnership with key industry players including venture capitalists, government, academe, and the private sector to nurture the startup ecosystem in the country.

DTI has also established the QBO Innovation Hub, in partnership with IdeaSpace Foundations, to link innovators, explorers, investors, academic institutions, start-up mentors, funders and enablers.

"It is our intention to be a central participant, working with the private sector, the startup community and other stakeholders to support the vibrant Philippine innovation ecosystem," Peñaranda explained.

DTI said one of their key partners to boost startup and innovation agenda in country is the Office of the Senator Bam Aquino, who authored the Innovative Startup Act

 

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