Author Topic: Bacolod should improve biz startup climate: DICT exec  (Read 207 times)

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Bacolod should improve biz startup climate: DICT exec
« on: May 02, 2020, 12:11:00 AM »
BACOLOD CITY – An official of the Department of Information and Communications Technology (DICT) said Bacolod City should improve its ICT business startup climate by involving more educational institutions.

Frederick Amores, director of DICT Visayas Cluster 1, said this is important to enable Bacolod to sustain its ranking in the Tholons International outsourcing list.

A startup, according to Investopedia, is a company in the first stage of its operations often bankrolled by entrepreneurial founders attempting to capitalize on developing a product or service.

Amores said: “Tholons is looking at startup development activities and efforts as part of its criteria for ranking."

He added that Bacolod does not have much entries in startup competitions.

The DICT official said that although Bacolod has the Technology Business Incubation Center (TBIC) , which hosts successful startups, there is still a need for the city to improve its startup climate.

“Schools have to play their role as producer of potential industry workforce thus, they have to be involved more,” Amores said.

Bacolod was listed from 85th place in 2016 to only 97th in the Tholons services globalization index for 2017. It includes a research report and ranking of the Top 50 “Digital Nations” and Top 100 “Super Cities.”

Amores said the Tholons ranking really has an impact to the industry since it is a benchmark that provides guide for companies where to invest.

“Investors would really look for innovative locations with vibrant economy for startups,” he added. (PNA)



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