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Updates on the Investments Scene

Naga Among Top Startup Cities in Southeast Asia in 2025 Global Start Up Index

NAGA CITY has jumped to rank 4 in Southeast Asia with 100,000 to 500,00 population in the Global Startup Ecosystem Index 2025 by StartUpBlink, climbing 64 spots in the global rankings. It also placed 2nd in Economic Growth Rate among Philippine cities, trailing only behind Davao City. This notable achievement highlights Naga City’s continued commitment to supporting the advancement and scalability of local startups, even as the Philippines dropped four spots in the overall country ranking. The Startup Ecosystem Report 2025 highlights Naga City’s growing presence in the Philippine startup scene. Naga has advanced 64 spots in the Global Ecosystem…

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“There is a direct relationship between brain drain and poverty of a region. Understanding this, I courageously founded over a decade ago my first formal startup, an Apple iPad POS company, with the goal of creating job opportunities that will make our best and brightest software engineers stay in Naga City. It was very, very difficult then. Today, this ordinance, I foresee, will encourage more founders and startups to flourish in our Maogmang Lugar. Then give them 2-3 years, our city will begin seeing their contribution to the local economy and job creation through their innovative products and services, coupled with newer business models. This could be our way to becoming a ‘Startup City’.”

Magno Edilberto R. Conag III

CEO, Nueca Technologies Inc.

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