By Philippine News Agency
MANILA –– The Philippines has shared its initiatives to develop small and medium enterprises (SMEs) with 15 fellow Business Partner Cities (BPC).
In a discussion with BPC members, Foreign Trade Officer Mario Tani said the development of SMEs remains a focus of the Philippines despite the change in administration.
“The Philippine government is focused on achieving inclusive growth through a number of breakthrough programs focusing on SME development,” said Tani.
He highlighted the Start-up Ecosystem Development Program (SEDP), a government initiative to support start-ups and innovation entrepreneurs that aims to establish a business environment conducive to the start-up community.
In fact, he said, at the start of the new administration, the Department of Trade and Industry (DTI) launched the QBO Innovation Hub, a facility that targets to link innovators, start-up mentors, funders, and the academe.
The innovation hub also targets to encourage SMEs to collaborate and explore opportunities in the market.
Manila is a member city of BPC, along with other cities in the Asia Pacific, among them Melbourne, Shanghai, Tianjin, Hong Kong, Mumbai, Jakarta, Osaka, Seoul, Kuala Lumpur, Auckland, Singapore, Bangkok, and Ho Chi Minh.
The BPC network helps to promote interaction among businesses in the Asia Pacific to contribute to the economic development of each member city.
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