The Philippines has 5 cities in the top 1000 and is one of South East Asia’s best countries for setting up a startup.
Since 2023, The Philippines lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 59th worldwide.
The Philippines is making progress toward becoming a formidable startup ecosystem in the Asia Pacific region. The country enjoys a talented English speaking population, with many already working remotely for international startups. Its attractiveness to foreign entrepreneurs and digital nomads, and the massive knowledge that local remote workers have gained while working in international startups, should allow for successful ecosystem growth, provided more of the local population embraces entrepreneurship.
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The health check tables allow you to look at the performance Philippines has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
The Philippines is ranked within the top 100 startup ecosystems globally.
The Philippines’s startup scene is best represented in Fintech, Foodtech, and in and Edtech.
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 95th + 5 | 7.429 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 468th - 19 | 0.569 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 661st + 47 | 0.296 | 00.00 | 00.00 | 00.00 | |
4th 0 | 904th + 48 | 0.148 | 00.00 | 00.00 | 00.00 | |
5th 0 | 951st + 8 | 0.131 | 00.00 | 00.00 | 00.00 |
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]
A comprehensive startup ecosystem database can help you to allocate resources better, improve information flow, foster collaboration, and drive innovation. Additionally, it is a way to showcase resources and opportunities available in your ecosystem to entrepreneurs and startups interested in relocation or building a business overseas. This is an essential part of building a thriving […]