Get out from underneath your rocks, folks, the 2017 Philippine Startup Survey has just been released! In an effort to move the local startup system forward, PricewaterhouseCoopers (PwC) Philippines and QBO partnered up to create the 2017 Philippine Startup Survey, the country's first comprehensive report on the local startup scene! It was formally launched during Slingshot ASEAN 2017. The goal of the study was to paint a picture of the current startup ecosystem and see the country's biggest strengths, weakness, challenges, and opportunities. "Through insights gleaned from this report, we hope that the government and private sector can continue to collaborate to support entrepreneurs in turning their ideas into reality," says Rene "Butch" Meily, President of QBO and IdeaSpace Foundation. Over 106 startup CEOs and founders were interviewed in the making of this report; here are some of the highlights of this study: 35% of respondents launched their startup in 2016, while 19% launched in 2017 43% are in the pre-revenue phase, while 37% have annual revenues below PHP2M 95% are planning to enter new territories in the next 5 years Our biggest learning? That the Philippines has a young but highly promising startup ecosystem that has yet to boom. Just recently, the Philippines also just earned itself its first unicorn! That's a good sign we're on the right track. Watch out, folks, more unicorns coming your way. You can find the report here.