National development. That’s what this PBBM administration is doing, and that is what the National Development Company (NDC) is for. It is the state’s investment arm under DTI Secretary Fred Pascual. Know more:
NATIONAL development. That’s what this PBBM administration is doing, and that is what the National Development Company is for. It is the state’s investment arm under DTI Secretary Fred Pascual.
Of course, it must be registered with the DTI or the SEC, and based in the Philippines. When applicable, it has to declare any other funding received from other government entities. Now, one may ask up to what extent can the SVF invest in your start-up? Well, No. 1 is up to 1:1 of the CIP’s investment. Meaning, if the co-investment partner will invest P1 million, NDC can invest the same amount as well, or less. The second is less than 15 percent of the SVF Fund. NDC here can only invest up to15 percent of whatever is left of the entire SVF.
Evaluation of an applicant is done through an easy-to-follow 4-step co-investment process, but one’s innovative start-up, operating for at least a year, might just fit the bill and could use the mentorship and network from the government as provided through the SVF.DEPARTMENT of Tourism, what’s up? I asked this because it seems we’re not seeing anything better yet, one year after being appointed by the Apo Bongbong in June 30, 2022.
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