Philippine SMEs becoming startup investors, says IdeaSpace

Philippine SMEs becoming startup investors, says IdeaSpace

IdeaSpace Foundation president Earl Valencia

Technology startup incubator and accelerator IdeaSpace Foundation has observed a new investment trend in the Philippines — that of small and medium-size enterprises (SMEs) becoming startup investors.

IdeaSpace president Earl Valencia said there are a number of SMEs who are mulling an investment in startups, as an extension of their revenue source.

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