Creation Employment

- provides employment or multiple other job seekers (executive, manager, operation and
production
- important to empowering the poor

Encourages Better Standard of Living

- provide people’s needs and wants (wealth, comfort, material goods, necessities)
- developing and adopting innovations (high tech electronics, personal shopping experiences,
luxury cars and other products

Initiate Chain of Support and Wealth Sharing

-  mobilizes public wealth

- allows people to profit from the success of entrepreneurs and growing
businesses
Enable Balanced Regional Development

-  New businesses (grocery stores, woodworker , poultry and fish farming)

- Industrial units (warehouses, manufacturing buildings, refrigeration/ cold buildings

Expanding Exports

- pooled financial resource or capital

- access to bigger markets (leads to currency inflows and access to cutting-edge technologies)
- attracts capital from the market

Contributing to National Income

- gdp
- economic growth

The Philippine Roadmap for Digital Startups

- increase economic growth and innovations.

Innovative Startup Act

- encourages grants, aids, training and further expansion of innovation

- helping the entrepreneurs transform their early-stage technology into a ready market
product