Philippines' startup ecosystem faces several barriers, yet to take off: John Orrock, Future Now Ventures

John Orrock, founder and CEO of Future Now Ventures

For the past two years, the Philippine startup community has consistently made developments, but despite all these, the country has yet to give birth to a startup ecosystem, said John Orrock, founder and CEO of Manila-based venture capital Future Now Ventures, during an interaction with DEALSTREETASIA.

Orrock described the Philippine startup ecosystem as still “very small” compared with those in other countries. This, despite the emergence of local startup groups, innovation hubs, investments by some VCs and angel investors, and a number of launched government initiatives, he said.

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