DTI launches P250M Philippine Startup Venture Fund

The Department of Trade and Industry (DTI) and National Development Company (NDC), together with QBO Innovation Hub successfully launched the Startup Venture Fund (SVF) last 19 November 2021, serving as the culminating event of the Philippine Startup Week 2021. This year, the NDC has allocated PhP250 million (US$5M) venture fund for innovative Philippine startups in the Seed to Series B stage.