Startups are already using deep tech to make waves in the healthcare, agriculture, bio-robotics and energy sectors.
The Philippines has long lagged behind its neighbours in attracting venture capital, drawing just US$18 million of funding from January to September 2017.
The cities’ central banks have signed a fintech cooperation agreement that will foster collaboration on business referrals, joint innovation projects, information sharing and the exchange of expertise.
Currently valued at 541 million dollars, its compound annual growth rate is projected to be 32.31 percent. That places the market value at 2.9 billion dollars in 2023.