An initiative launched by the French government in 2013, La French Tech is a tech startup ecosystem coordinated by Business France. It has developed startup hubs in San Francisco, London, Barcelona, San Paulo, New York, Hong Kong, Tokyo, Cape Town, and Tel Aviv.
France Ambassador to the Philippines Thierry Mathou first formed La French Tech Philippines last month with 22 entrepreneurs, composed of investors, engineers, developers, associations, designers, conglomerates, media, and government agencies who aim to promote growth of IT startups, locally and internationally.
“The Philippines is an attractive venue for entrepreneurs worldwide. Being a traditional exporter of electronic components whose people have acquired a strong technical and IT background, the Philippine environment is a naturally favorable site for those who want to develop IT and tech business,” La French Tech Philippines said in a statement.
“French entrepreneurs are attracted to the highly skilled workforce in the Philippines and Filipinos proficiency with languages,” it added.
The new local community organization will be participating in the two-day Slingshot Philippines (SlingshotPH) conference in Pasay City on April 21 and 22. SlingshotPH is the official congress for innovation and startups in the Philippines organized last year by the Department of Trade and Industry with support from the Department of Science and Technology.
Also on April 21, La French Tech Philippines together with the French Chamber of Commerce and Industry in the Philippines (CCIP) will be launching their Entrepreneurship Committee right after the SlingshotPH conference.
“The initiative shall indeed favor the networking of talents and encourage entrepreneurship among them, thereby creating a synergy whose common goal is to contribute to develop opportunities, creativity, attract more entrepreneurs and investors while also positioning France on a path to become a major tech and innovation partner of the Philippines,” said La French Tech Philippines ambassador Thierry Tea.
WeCube Inc, a French startup accelerator, will be opening its working space in the financial district of Makati City. It plans to operate an incubator to propel the local startup ecosystem.
WeCube plans to guide startups to achieve traction and access to funding by providing mentorship, coaching, networking and advisory on fund raising.