We need to support our local startups because these young, innovative companies hold the future and could potentially transform into the country's biggest companies, employing thousands of Filipinos. For example, in the United States, IT (information technology) companies account for around 27 percent of the S&P 500 index. Because of their rapid growth, tech companies that are relatively young such as Amazon, Google, Tesla and Meta are now among the top 10 biggest companies in the United States.

https://business.inquirer.net/396209/improving-outlook-for-local-startups

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