The Philippines’ Department of Trade and Industry (DTI) is urging venture capitalists to invest in local startups as the country continues to improve its position on the global innovation index.
DTI reported that the Philippines climbed to 83rd rank from its 100th position in the 2015 global innovation index of the World Intellectual Property Organization (WIPO).
“There is no better time for the Philippines than now,” said DTI Industry Promotion Group (IPG) undersecretary Nora Terrado, noting promotional initiatives for startups and innovation in the Philippines continue to add up.
