startup act

avatar
Created by
cyca

Cards (25)

  • The Innovative Startup Act is a law that aims to provide guidelines, rules, and regulations.
  • A beneficiary is any entity that has not derived any advantages, benefits, or privileges.
  • Commercialization is the process of bringing new goods to market for economic growth.
  • Host Agency is any national agency that provides programs and incentives to Startups, such as DTI, DOST, DICT, and GOCC.
  • Innovation is the creation of new ideas that result in the development of new or improved products.
  • Leading innovative business model is a new organizational method in business practices.
  • An innovative product is new or significantly improved production technology.
  • PEZA - Philippine Eco Zone Authorization
  • Innovative Product - good service that is new significantly improved
  • Research and Development-creative work in order to increase the stock knowledge
  • Fundamental research
  • Applied research
  • Experimental development
  • Pilot testing
  • Startup - any person entity registered in the Philippines which aims to develop an innovative product, process.
  • Startup Enablers - any person registered entity in the Philippines that provides funding, investment.
  • Philippines Startup Development ecosystem shall support startups from product development, marketing.
  • The Philippines Startup Development ecosystem shall support the R&D of startup enablers.
  • SMART (Strategic MSMLE &startup) Link aims to match leading edge innovative startups in the Philippines with commercial products to traditional enterprises.
  • Startup Acceleration and Incubation by DTI (Startup AID) aims to assist innovative startups in their product launch, commercialization, and scaling up.
  • International and Local Exposure Assistance Program (ILEAP for Startups) by DTI aims to facilitate more entrepreneurial opportunities and establish more job-generating businesses.
  • Global Acceleration Program (GAP) aims to assist startups to survive their early stages, scale up, and globalize.
  • Startup Act of 2018 was signed into law on February 7, 2018 by President Rodrigo Roa Duterte.
  • The Department of Trade and Industry is responsible for implementing the provisions of this Act.
  • This Act provides incentives and benefits to startups that meet certain criteria.