What you need to know about the Philippine startup scene (INFOGRAPHIC)

Innovation is picking up in the Philippines, and it’s expected to further accelerate with a number of public-private initiatives laid down.

For one, the Philippines’ government and startup community just unveiled a roadmap for building a thriving ecosystem in the next few years. From just a hundred startups currently, the Philippines targets to have 500 startups with total valuation of US$2 billion by 2020.

Here’s an overview of the country’s startup ecosystem, its milestones, and what it wants to achieve in the medium term.