THE country’s tech startups are have started to become mature, as based on the observation during the 5th Philippine Startup Week. 

Rene Meily, president of Ideaspace Foundation and QBO Innovation Hub told the ABS-CBN News Station that there are many startups that gained traction.

Majority of them have produced revenues.

An example of which is Fintech, e-commerce and games which remain as the most promising sectors when it comes to the local startup scene. 

"In the Philippines, more and more startups are succeeding, they are going beyond the 5-year limit that startups faced," Meily said in an interview with ANC. 

He added that some startups may even go public.