MANILA – April 18, 2016. The newly created ecosystem “La French Tech Philippines” confirmed its participation to the National Summit on Startups and Innovation that will be held on April 21 and 22 at the Philippine Trade Training Center in Pasay City.

Last March 9, 22 French entrepreneurs joined together to launch La French Tech Philippines. The event was hosted by French Ambassador to the Philippines, H.E. Thierrry Mathou at his residence in Makati.

French Tech, a French ecosystem composed of key Tech startups players worldwide

Since 2013, France is undergoing a startup renaissance driven by a new generation movement called La French Tech. It is spearheaded by French entrepreneurs and other members include investors, engineers, designers, developers, associations, conglomerates, media, government agencies, all of whom have a common goal of promoting growth of IT startups, locally and internationally.

La French Tech has already developed Hubs in San Francisco, Barcelona, London, New York, Sao Paulo, Tokyo, Hong Kong, Tel Aviv, Cape Town, and Manila is now candidate to become a Hub.

The Philippines: the El Dorado for French entrepreneurs

The Philippines is an attractive venue for entrepreneurs worldwide. Being a traditional exporter of electronic components whose people have acquired a strong technical and IT background, the Philippine environment is a naturally favorable site for those who want to develop IT and tech business. French entrepreneurs are attracted to the highly skilled workforce in the Philippines and Filipinos proficiency with languages. Moreover, the open state of mind exuding by the Filipino fosters French creativity and happiness. With the government also looking at supporting entrepreneurs and investors, through the IPP and IT-BPO Roadmap 2016, young entrepreneurs have found the Philippines as a perfect El Dorado to settle and build promising and dynamic companies.

Given its favorable environment, French entrepreneurs decided to launch together the French Tech in the Philippines.

Thierry Tea, the French-Cambodian serial entrepreneur and investor, is the appointed Ambassador of La French Tech Philippines. He left no less than successful career at Airbus Group to establish his investment holding Starline Global Industries. Starline launched in 2013 the popular aviation startup PhilJets Group, that fast became a leading helicopter charter company in the country, already managing PHP 450 million in assets. Thierry Tea is currently co-founding WeCube Inc, a collaborative ecosystem for acceleration of startups that is scheduled to open its Makati co-working space, operate an incubator in the coming months. WeCube will provide mentorship, coaching, network as well as enabling traction and access to funding or advisory on fund raising. A startup accelerator that helps and supports startups.

La French Tech Philippines, according to Thierry Tea “started with 22 entrepreneurs and it has already grown by more than 30% in less than a month.” He adds “The initiative shall indeed favor the networking of talents and encourage entrepreneurship among them, thereby creating a synergy whose common goal is to contribute to develop opportunities, creativity, attract more entrepreneurs and investors while also positioning France on a path to become a major Tech and innovation partner of the Philippines.”

Success Stories & Promising Startups

With the success stories of Sébastien Caudron, ex-president of Netbooster Asia and now Regional Director of Group M, based in the Philippines or that of Fabrice Boutain, CEO of Anxa, an online coaching platform, based in Alabang, with more than 1 million subscribers, there is indeed a compelling reason for young French entrepreneurs to come and join La French

Tech Philippines. Cyril Rocke, President of DataOne, which hosts a large number of large corporation’s servers is another example that the Philippines have been nurturing hard working French leaders.

The ecosystem also counts young and new entrepreneurs like Boris Chevreau, ex Marketing Manager of PhilJets, who launched Infinit3solutions, a one-stop Recruitment and Consulting Agency in Metro Manila that assists local and international companies growing their business steadily and fast. There is also social startups such as Calawis Garden of Benedicte Souppe that delivers fresh fruits and vegetables directly from organic farms, or Edukasyon.com of Henri Motte-Munoz that helps students choose their paths. CityDiscovery.com of Wladimir Guez and Julien Marie that offers tourism activities worldwide or Jeanuine the online fully customizable jeans shopping experience of Sébastien Gilbert and Julien Tripet are 2 examples of worldwide customers’ access with Philippine based teams.

From digital consulting to Fintech companies (such as Lenddo, with Florentin Lenoir), the ecosystem is representative of numerous sectors and Filipino investors have already started to show some interests, attracted by this diversity of profiles.

Next steps

With the strong dynamics of the ecosystem, an application for the French Tech Hub certification of Manila is being prepared within the group. Major cities such as San Francisco, New York or London benefit already from the certification that provides funds, visibility and mentorships to entrepreneurs. In addition to that, a partnership with the US based les Pépites Tech is ongoing. Les Pépites Tech gathers on its platform (http://lespepitestech.com/) all the French startups that are part of the French Tech network worldwide. More than 2000 startups and 40 000 members are registered already from 50 ecosystems in the world. This partnership will also conduct the French Tech Philippines to strengthen its relationship with San Francisco startups and open new business opportunities to our entrepreneurs. In the meantime, Thierry Tea, the ecosystem’s Ambassador will be a keynote speaker at the upcoming events where La French Tech Philippines will be present, including at the Slingshot Philippines in April and at the Asia Digital Expo in May in BGC.

This post originally appeared on Asian Journal.