Govt eyes incentives, funding for start-ups

The government is considering the grant of incentives for start-up investments and may even go into funding the sector, a Cabinet official said.

“Looking forward, we would like to study certain policy interventions and hopefully we can look into incentives that can probably be given to those who would be investing in these activities, either an annual tax holiday or including them in the Investments Priority Plan (IPP) or if not, other forms of incentives to support startups,” Trade Secretary Ramon Lopez told reporters during the Slingshot Asean Summit.