Answer First
Primary Text
Philippine Startup Ecozones. -The Philippine Economic Zone Authority (PEZA), in consultation and coordination with the DTI, DOST, and DICT, shall pursue and promote the creation of Philippine Startup Ecozones, or Special Economic Zones to spur the growth and development of startups and startup enablers through either private initiative, local government initiative with the assistance of the national government, and/or national government initiative consistent with the provisions of Republic Act No 7916, as amended by Republic Act No. 8748, otherwise known as "The Special Economic Zones Act of 1995", and its implementing rules and regulations.
Investment Promotion Agencies (IPAs) are hereby authorized to extend applicable benefits to startups and/or startup enablers subject to the respective rules and regulations promulgated by the IPA for the effective implementation of this provision.
The DTI, DICT, DOST, and other host agencies, through their respective regional and provincial offices, shall promote and facilitate the registration of qualified startups and startup enablers in appropriate Special Economic Zones in the Philippines.
The PEZA and IPAs extending benefits to startups and/or startup enablers shall assist the DTI, DICT, and DOST in training their respective personnel assigned to assist startups and startup enablers in meeting standards and regulations for registration and compliance requirements in Special Economic Zones.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.