Why Philippines: The Advantages of Launching and Setting Up Your Business
Echelon Philippines 2024 united startup leaders, entrepreneurs, and investors from the Philippines and Southeast Asia to support the region’s burgeoning tech market and drive economic growth.
The conference featured a panel discussion titled ‘Why Philippines: The Advantages of Launching and Setting Up Your Business’, which explored the nation’s economic landscape, key industries, and immediate market entry opportunities.
Moderated by Ranvir Singhsachakul, Director of Marketing and Business Development at MessageSpring, the panel delved into sustainable growth strategies that new ventures could adopt. These included fostering local partnerships, ensuring regulatory compliance, and investing in infrastructure to establish a solid foundation. The discussion also highlighted available government incentives, access to talent, and methods for building strong relationships with local stakeholders.
Speakers included Afanasiy Petrov of inDrive, Bela Gupta D’Souza of edamama, Ron Baetiong of Podcast Network Asia, and Jay Fajardo of IdeaSpace Ventures.
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The panelists shared their insights on the Philippines’ appeal for new businesses: Baetiong discussed how incorporating startups in Singapore can improve fundraising options, while Petrov shared inDrive’s success in the Philippines by engaging directly with local communities. D’Souza noted the growing potential in consumer retail and e-commerce, driven by changing needs during the pandemic. Fajardo emphasised the progress in the Philippines’ startup ecosystem, especially in sectors like fintech and logistics.
Together, they advised new entrants to familiarise themselves with local regulations, seek partnerships within the market, and draw on the expertise of established founders for guidance.
Watch the session video above to learn more about the insights shared during the discussion.
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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.
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