Philippines creating a US$5M venture fund for local startups

The Department of Trade and Industry (DTI) of the Philippines is creating a P250-million (US$50 million) venture fund aimed at investing in local startups, as per a report by BusinessMirror. The fund is line with the Innovative Startup Act 2019 and is aimed at supporting product research and development, product manufacturing, sales and marketing of startups. […] The post Philippines creating a US$5M venture fund for local startups appeared first on e27.