Filipino startups make IT work for small firms

09.03.2006

The infoDev program has provided some $10 million in grants to more than 40 grantees like TBI from different countries worldwide. The grant is good for about two to three years, or the time it usually takes for a startup to complete the incubation process.

Depending on the product development stage, it normally takes two to three years for a startup to undergo the incubation process before they 'mature' enough and either get acquired by a private entity or venture out on its own.

Fluxion, a mobile applications developer and one of the earliest companies to be incubated by TBI, has successfully gone through this route after being acquired by a local service provider.