DTI, partner to ramp up dev’t, commercialization of startup firms

MANILA -The Department of Trade and Industry (DTI) on Tuesday bared plans to ramp up their efforts to speed up the development of local startup companies in the country, aiming to "accelerate" more than 40 budding businesses every year as part of its goal to turn the country into a global startup hub. Trade Secretary Alfedo E. Pascual said they plan to hold two cycles of acceleration per year starting 2024, supporting potential pilot and commercialization efforts of more than 20 tech startup companies per cycle. "Moreover, we are dedicated to focusing on key industries to fortify our economic backbone," Pascual said during the signing of a memorandum of understanding with startup a...

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