Innovation

Senate Bill No. 1532: Innovative Startup Act

At the 2015 APEC Summit, the world saw a glimpse of Philippine innovation as Aisa Mijeno shared the story of her SALt Lamp, a lamp that is powered by saltwater, suitable for households along the rural coastal villages that have little or no stable access to electricity.

It is vital that we give all such ideas the chance to come to life. Through this bill, Filipinos with excellent startup business ideas will benefit by being given the necessary support—in terms of registration, incentives, subsidies, funding, technical assistance, accreditation and assessment, and a budding pool of talented workers that will aid them in the steep uphill one faces when putting up a business.

This bill aims to put in place the ecosystem necessary to cultivate startups in the Philippines.

By supporting the startup ecosystem from focal points, we ensure that startups have a reasonable chance at success and are given the opportunity to impact society with innovative business and products that can truly help us achieve our imperative of inclusive economic growth. 

By creating the ecosystem for startups to operate, we bring more citizens into the fold of inventive and socially conscious entrepreneurship.

In view of the foregoing, the passing of this bill is urgently sought. 

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Sen. Bam to LTFRB: Embrace innovation, support start ups

The Land Transportation Franchising and Regulatory Board (LTFRB) must embrace innovation and provide some leeway to transport start ups, which provide safe and affordable means of transportation to the commuting public.

“The government should encourage innovation, not curtail it. The LTFRB must give these transport start ups some leeway as we review current laws on franchising,” said Senator Bam Aquino, chairman of the Senate committee on Trade, Commerce and Entrepreneurship

Aquino said the LTFRB can provide these transport start ups, such as Uber, Tripid, GrabTaxi and EasyTaxi, some leeway, the same way it provided provisional authority to cargo trucks and new buses to ply their routes

“The government needs all the help it can get, especially from the private sector, as it continues to find ways to improve the country’s mass transport system and solve the perennial traffic problem,” the senator said.

Aquino describes Uber as an innovation as it provides commuters with a safer mode of transportation and quality service at the same time.

Uber is a high-tech transportation network that makes mobile apps that connect passengers with drivers of private vehicles for hire and car-pooling services. The company arranges pickups wherein cars are reserved by sending a text message or by using a mobile app and within 10 minutes the vehicle would arrive

The uber system helps alleviate the monstrous traffic problems in California, especially through car-pooling.

“The government should not hold back innovations that alleviate the plight of our commuting public,” the senator said.

 A staunch supporter of start up businesses, Aquino has filed a measure granting them tax exemption from operations for two years.

Aquino said Senate Bill 2217, also known as the Start-Up Business Bill, would provide these enterprises the proper time to stand on their own as they try to create a niche in the market.

“The intervention provides the opportunity for these start-ups to get organized, establish their business operations and market base,” said Aquino.

The measure proposes a tax exemption from operations for two years, given that these enterprises are not an affiliate, a subsidiary or a franchise of any existing company.

Also, these start-ups must not have any other existing registered company in case of a sole proprietorship.

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