Heeding the call of technology entrepreneurs, the Philippine government is creating the first ever tech startup roadmap that will help boost the local technopreneurship industry.
According to Department of Science and Technology (DOST) secretary Mario Montejo, the department’s ICT Office is leading the tech roadmap’s creation as part of its advocacy on technopreneurship in the country’s Next Wave Cities or ICT hubs outside Metro Manila.
“From co-organizing Startup Weekends and Bootcamps in the Next Wave Cities and the recent launch of the first-ever Philippine Startup Challenge, we are now in the process of developing the Philippine Startup Roadmap, which will serve as our framework towards cultivating the startup ecosystem in the country,” Montejo said.
The success of the startup ecosystem will add to growth of the IT and business process management(BMP) industry that employs more than one million today; doubling its numbers in just four years.
The DOST secretary expressed confidence that the minimum targeted of 1.3 million direct IT-BPM employees will be achieved by end of 2016.
“The growth in the employment in IT-BPM is expected to result in at least $18 billion by the end of this year, making our target of at least $25 billion dollars in revenue by the end of 2016 certainly within reach,” he said, adding: “We are indeed a global leader in the IT-BPM industry. It is important for the government to acknowledge that ICT is a key instrument in nation building.”