President Rodrigo Duterte has approved an act providing benefits and programs for the development of the Philippines’ startup ecosystem.
Republic Act 11337 provides for the establishment of the Philippine Startup Development Program aimed at developing and unifying programs, benefits, and incentives for startups and startup enablers in the country.
The Department of Science and Technology (DOST), Department of Information and Communications Technology (DICT), and the Department of Trade and Industry (DTI) shall be tasked to assess, monitor, develop, and expand the Program, the new law stated.
Under the Innovative Startup Act, eligible startups are entitled to the following:
*full/partial subsidy for the registration and cost in the application and processing of permits and certificates required for the business registration and operation
*endorsement of the host agency for the expedited or prioritized processing of applications
*full/partial subsidy for the use of facilities, office space, equipment, and/or services provided by government or private enterprise or institutions
*full/partial subsidy in the use of repurposed government spaces and facilities of the host agency as the registered business address; and
*grants-in-aid for research, development, training, and expansion projects.
Days before the State of the Nation Address (Sona) on Monday, Malacanang assured Filipinos anew that the “best is still to come” as it underscored the Duterte administration’s achievements in the past year.
The administration released on Friday a 72-page report of its key accomplishments in economic and infrastructure development, human development and social welfare, governance, justice, peace and security and communications and technology.
Critics are mostly constructive, if not, they would at least provide an alternative view or solution.
If you're just criticizing for the sake of it, you're just a bitter snob and a hater. In the case of the Dilawans they're actually worse... They're destabilizers.