76 0 0 4 min to read

Opportunities for startups are increased by collaboration with large companies.

According to an accelerator executive on Tuesday, the startup community in Cebu can present their business plans and work with large corporations to pursue financing and expansion opportunities.

Using the thriving collaboration between the private sector and the Departments of Trade and Industry (DTI), Science and Technology (DOST), and Information and Communications Technology (DICT), Walter Cang, vice president of DOHE Cebu, claimed that investors in Manila are starting to recognize the potential of Cebu startups.

The startup accelerator DOHE, a non-stock, non-profit organization, offers training, mentoring, and network-building services to link the sector with investors, partners, and talent pools.

Cang said that his organization, which makes significant investments in “education technology” (EdTech), also has a $200 million non-equity fund that it may utilize to help start-up businesses.

“The enablers like us are working together with both the public and private sector and find ways to get startups off and running,” Cang said in a press conference at the DTI-Central Visayas office here to promote the Wednesday launch of the Road to Fiestartup 2023.

About 20 Cebuano entrepreneurs will attend the event on Wednesday at the Asmara Urban Resort and Lifestyle Village of Paseo Saturnino in Barangay Banilad, according to DTI-7 regional director Maria Elena Arbon.

Fiestartup is a DTI-backed project with Cebuano roots that seek to foster growth, investment, and expansion opportunities in the Visayas-Mindanao region while bringing attention to Cebu’s startup scene.

The DTI-7 statement claims that the event on Wednesday is a warm-up for the main event, which will take place in November as part of the annual Philippine Startup Week, a significant government program. Around 80 startups from the Central Visayas region, largely from schools, are anticipated to participate.

According to Frederick Amores, regional director for DICT-7, their organization accepts submissions for startup funding, for which they can award amounts ranging from PHP500,000 to PHP1 million.

“We are the startups’ potential customers. The head of the Mandaue Chamber of Commerce and Industry, Kelie Ko, said, “We have a big network of people who could invest in the future.

QR Code

Save/Share this story with QR CODE


This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

πŸ“© Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❀️GIVE A TIP. Send a small donation thru Paypal😊❀️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x