The local startup ecosystem in the Philippines continues to expand even as funding activities have gone down, said Department of Information and Communication Technology (DICT) Secretary Ivan John Uy.

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Deal volume and value in the Philippines plunged to over two-year low in Q3 of this year, according to data compiled by DealStreetAsia.

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Uy said the ecosystem in the country remains promising and now consists of more than 1,100 startups, 60 incubators and accelerators, 50 venture capitalists, and more than 200 co-working spaces nationwide.

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Read full article: https://www.dealstreetasia.com/stories/ph-tech-ecosystem-remains-vibrant-continues-to-expand-with-1100-startups-dict-chief-372287