The Philippine startup ecosystem is rapidly developing with stronger government support particularly in high-growth services, such as AI, Big Data, and fintech, among others. Enabling policies such as the Philippine Innovation Act and the Innovative Startup Act aim to boost the country’s innovation and entrepreneurship ecosystem through harmonized government support measures and policy reforms. These laws are consistent with the country’s science and technology-based industrial policy, Inclusive Innovation Industrial Strategy (i3S), which aims to nurture innovative startups, especially those that can introduce new ideas, products, processes, and business models using Industry 4.0 technologies, like AI. In May 2021, the Department of Trade and Industry (DTI) launched the National AI Strategy Roadmap to position the Philippines as an AI center of excellence, a big data processing and analytics hub providing high-value services to the world. It will focus on building robust digital connectivity and data infrastructure, nurturing STEM-related professions, institutionalizing AI-related regulations, cybersecurity measures, and accelerating investments in AI R&D. Through a National Center for AI Research, the country aims to grow more AI startups by providing specialized incubation and commercialization support, fiscal incentives, linkages to multinational corporations, and targeted R&D grants. The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has enhanced the country’s attractiveness for investments by making its incentives more competitive and innovation focused. Under CREATE, the highest level of incentives (up to 17 years of combined Income Tax Holiday and Special Corporate Income Tax/Enhanced Deductions) will be provided to support innovative economy-stimulating activities.