DTI opens national innovation hub to boost startups, MSMEs | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
DTI opens national innovation hub to boost startups, MSMEs
DTI opens national innovation hub to boost startups, MSMEs
MANILA — The Department of Trade and Industry (DTI) has opened the Philippine Innovation Hub in Marikina to boost startups and micro, small, and medium enterprises (MSMEs), the agency has said.
MANILA — The Department of Trade and Industry (DTI) has opened the Philippine Innovation Hub in Marikina to boost startups and micro, small, and medium enterprises (MSMEs), the agency has said.
In a statement, the DTI said “iHub” – a five-storey facility – sought to give extensive support to MSMEs and other small businesses at the beginning of their development.
In a statement, the DTI said “iHub” – a five-storey facility – sought to give extensive support to MSMEs and other small businesses at the beginning of their development.
The agency aims to support 50 MSMEs and up to 75 startups during its first year. It also said it sought to reach 500 to 750 startups and 500 MSMEs in 5 years.
The agency aims to support 50 MSMEs and up to 75 startups during its first year. It also said it sought to reach 500 to 750 startups and 500 MSMEs in 5 years.
Among the programs it would offer include an organizational development workshop, a one-stop shop, a shared service facility, and a retail and coworking spaces, according to the DTI.
Among the programs it would offer include an organizational development workshop, a one-stop shop, a shared service facility, and a retail and coworking spaces, according to the DTI.
ADVERTISEMENT
Aside from this, the hub would serve as a venue for events hosted by its partners in different sectors.
Aside from this, the hub would serve as a venue for events hosted by its partners in different sectors.
DTI added that iHub has set a goal of supporting 50 MSMEs and 50 to 75 startups in its first year, projecting significant growth to reach 500 to 750 startups and 500 MSMEs within a five-year timeframe.
DTI added that iHub has set a goal of supporting 50 MSMEs and 50 to 75 startups in its first year, projecting significant growth to reach 500 to 750 startups and 500 MSMEs within a five-year timeframe.
“[The facility] will leverage the expertise of iHub and its knowledge partners to deliver incubation and acceleration programs,” the statement read.
“[The facility] will leverage the expertise of iHub and its knowledge partners to deliver incubation and acceleration programs,” the statement read.
"These programs will encompass an organizational development workshop, a one-stop shop, a shared service facility, retail and coworking spaces, and a physical venue for events hosted by its private and public sector partnern,” it added.
"These programs will encompass an organizational development workshop, a one-stop shop, a shared service facility, retail and coworking spaces, and a physical venue for events hosted by its private and public sector partnern,” it added.
This innovation hub will be operated by DTI’s National Development Company (NDC) and would also help address problems usually faced by small businesses in its early stages.
This innovation hub will be operated by DTI’s National Development Company (NDC) and would also help address problems usually faced by small businesses in its early stages.
ADVERTISEMENT
“While Marikina has long been known as the footwear capital of the Philippines, today it takes a bold step toward hosting the Philippine Innovation Hub. This is a strategic move to equip our entrepreneurs, creatives, and tech talents with the tools and opportunities they need to thrive in the modern economy,” said Marikina 2nd District Rep. Stella Quimbo.
“While Marikina has long been known as the footwear capital of the Philippines, today it takes a bold step toward hosting the Philippine Innovation Hub. This is a strategic move to equip our entrepreneurs, creatives, and tech talents with the tools and opportunities they need to thrive in the modern economy,” said Marikina 2nd District Rep. Stella Quimbo.
Trade Secretary Cristina Roque said the hub was not just a physical space but a “launchpad for creativity.”
Trade Secretary Cristina Roque said the hub was not just a physical space but a “launchpad for creativity.”
The iHub was launched on April 29.
The iHub was launched on April 29.
ADVERTISEMENT
ADVERTISEMENT
