菲律宾初创融资大幅降温，25年交易量同比减半

Group 1 - The Philippine startup ecosystem has experienced a significant decline in financing, with total funding dropping by 32% year-on-year in 2025 and the number of deals decreasing by 54% compared to 2024 [1] - Entrepreneurs are shifting their focus from rapid expansion to profitability, operational discipline, and sustainable growth models, marking a turning point in the ecosystem's adjustment [1] - Local governance gaps, insufficient business transparency, and recent corruption incidents have weakened investor confidence, putting pressure on financing for early and growth-stage companies [1] Group 2 - Despite the challenges, the startup ecosystem in the Philippines shows resilience, contributing nearly 3% to the nominal GDP and creating around 200,000 jobs, with entrepreneurial activities spreading beyond Metro Manila to cities like Cebu, Davao, Iloilo, and Cagayan de Oro [2] - The innovation ecosystem in the Philippines can be categorized into three phases: Early Builders (2010–2014), Resilient Builders in the post-pandemic period, and the emerging "Intelligent Era" characterized by AI adoption and automation [2][3] - Key trends include increased digital cross-selling of savings, micro-insurance, and credit products in fintech, improved efficiency in logistics and healthcare through AI, and a shift in BPO and knowledge services towards AI-assisted skill upgrades [3] Group 3 - The report emphasizes the need for national-level initiatives in skills retraining, talent pipeline development, and alignment of policy rhythms with industry demands to maintain competitiveness in the rapidly evolving regional digital economy [3] - The level of collaboration within the ecosystem will significantly influence the Philippines' position in the Southeast Asian tech landscape [3] - Innovation remains a crucial driver of regional growth, and the Philippines has the foundational elements of talent, resilience, and creativity to participate in the next wave of innovation [3]