

Makati City Remains The Top Local Startup Destination But Lags Behind Neighboring Cities In Terms Of Deal Value
November 23, 2020
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2 min read
The stark majority of deal volume in the past three years originated from cities located in the National Capital Region (NCR) of the country.
Makati City, the country’s prime business district and financial hub, accounted for 29% of total deal volume in the country. This is closely followed by Taguig City at 22%, then by Pasig City and Quezon City responsible for 10% and 9%, respectively. Other cities within NCR include Mandaluyong City accounting for 7% of total deal volume, Manila City and San Juan City each with roughly 4%, and Muntinlupa City taking up 1%.
The country also continues to experience growth in startup activity in cities outside of NCR. Davao City accounted for 3% of total deal volume, followed by Cebu City at 2%, and lastly by Bacolod City and Baguio City at 1% each.

