Shaping the Future of Filipino Innovation: Eskwelabs' Role in the GOBI Report

Eskwelabs is proud to have contributed to the GOBI Report, "Philippine Horizons: Filipino Innovation in the ASEAN Landscape." This report highlights the rapid growth of the Philippines' startup ecosystem and its potential to become a regional hub for innovation and entrepreneurship. The report reveals a promising 2024 funding rebound, surpassing $1 billion and driven by larger growth-stage investments and rising debt financing. It underscores the importance of government initiatives like Technology Business Incubators and the Startup Venture Fund. It also introduces a centralized startup database to encourage collaboration and data-driven decisions among stakeholders.

The Philippines is Positioned as a Key Player in ASEAN's Growing Tech Ecosystem

The Philippines leverages its youthful, English-proficient population and domestic solid consumption rate (76.5% of GDP) to capitalize on the rapid growth of maturing sectors like e-commerce and fintech and emerging industries like health tech and agri-tech. However, to fully realize its potential, the report emphasizes the need for increased local investor engagement and strategic alignment with ASEAN best practices in talent development, infrastructure, and regulatory frameworks.

AI is Transforming the ASEAN Tech Landscape, Including the Philippines

Artificial intelligence is becoming a transformative force, catalyzing the creation of new startups and attracting investments across the region. The Philippines can tap into this momentum by integrating AI technologies within its key industries. Our country can strengthen its position in the ASEAN tech ecosystem by learning from countries like Vietnam and Singapore, which have excelled in AI and profound tech innovation.

Eskwelabs supported the GOBI Report by enhancing its data storytelling and visualization. We crafted impactful visualization by ensuring that complex findings were clear and actionable. Additionally, we translated key insights into a compelling storyboard to effectively communicate the report's vision to stakeholders.

Aligned with the themes of innovation and collaboration, Eskwelabs is honored to be part of efforts that spotlight the Philippines' potential on the ASEAN stage. Together, we can drive meaningful progress and empower Filipino entrepreneurs to thrive on the global stage.

If you want to co-create thought leadership or embark on research initiatives with Eskwelabs, kindly email skillscourse@eskwelabs.com.