Program to empower startups launched

The Management Association of the Philippines (MAP)—in collaboration with PwC Philippines, QBO Innovation Hub, the Department of Trade and Industry (DTI) and Foxmont Capital Partners—launched Scale, a program that aims to develop promising local startups across various industries through a wide range of activities and opportunities to help them accelerate their growth.

MAP president Benedicta Du-Baladad says, “It can be challenging for startups and entrepreneurs to access the resources they need to grow their businesses. That’s why we created the Scale program—to help bridge this gap and give them the support they need to succeed.”

PwC PH chair and senior partner Roderick Danao adds, “Scaling up a business introduces a whole new set of difficulties like limited access to funding, finding the right talent and lack of mentorship and guidance. The Scale program aims to address these problems by offering tailored support and mentorship by experienced business leaders, as well as access to resources that can help startups grow and scale their businesses.”

Scale opens doors for entrepreneurs to meet potential investors. Franco Varona, managing partner of Foxmont Capital Partners shares, “We at Foxmont are passionate advocates of the startup ecosystem. We go beyond investing as we understand the Philippine market and are eager to share our first-hand knowledge, expertise and experience to help these startups succeed.”