The State of Play: Emerging Trends and Future Prospects in the Philippine Market
Echelon Philippines 2024 gathered key players in Southeast Asia’s tech ecosystem, uniting startup leaders, entrepreneurs, and investors to support the region’s dynamic tech market and economic development.
The event’s keynote, ‘The State of Play: Emerging Trends and Future Prospects in the Philippine Market’, was delivered by Carlo Chen-Delantar, Founding Partner at Gobi-Core Philippine Fund (Gobi Partners).
In his address, Delantar explored the current state of the Philippine market, identifying both the drivers of its rapid growth and the challenges that lie ahead. As one of Southeast Asia’s fastest-growing economies, the Philippines boasts a startup ecosystem valued at nearly US$7 billion, supported by over US$300 million in early-stage funding and median seed rounds around US$800k.
However, the ecosystem faces hurdles, such as high logistics costs and the need for stronger government support.
Delantar noted emerging sectors like health tech, agritech, and AI as areas with high growth potential. The Philippines has a robust consumer base for AI applications, positioning it as a promising market for innovation. He underscored the importance of policy changes, including startup visas and tax incentives, to sustain and accelerate growth. The conference underscored the Philippines’ pivotal role in the regional tech landscape, with a call for enhanced infrastructure and policy support to realise its full potential.
Watch the session video above to learn more about these insights and the strategies shaping the future of entrepreneurship.
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Missed Echelon Philippines this year? You can now catch the recorded sessions on demand, showcasing insights from leading startup experts, visionary entrepreneurs, and forward-thinking investors from the Philippines and Southeast Asia, all geared toward driving the next phase of growth. And stay tuned—more videos are coming soon!
Watch Echelon Philippines and ECX here.
The post Echelon Philippines 2024: Carlo Chen-Delantar of Gobi Partners on the state of play in the Philippine market appeared first on e27.