REPUBLIC ACT NO. 11337
AN ACT PROVIDING BENEFITS AND PROGRAMS TO STRENGTHEN, PROMOTE AND DEVELOP THE PHILIPPINE STARTUP ECOSYSTEM
CHAPTER 1
General Provisions
SECTION 1. Short Title. — This Act shall be known as the "Innovative Startup Act."
SECTION 2. Declaration of Policy. — It is hereby declared the policy of the State to foster inclusive growth through an innovative economy by streamlining government and nongovernment initiatives, in both local and international spheres, to create new jobs and opportunities, improve production, and advance innovation and trade in the country.
To this end, the State shall provide incentives and remove constraints aimed at encouraging the establishment and operation of innovative new businesses, businesses crucial to their growth and expansion, and to strengthen, promote, and develop an ecosystem of businesses and government and nongovernment institutions that foster an innovative entrepreneurial culture in the Philippines.
SECTION 3. Definition of Terms. — As used in this Act, the following terms shall mean:
(a) Host agency — the Department of Science and Technology (DOST), Department of Trade and Industry...
