Economy


Top 10 ‘Next Wave’ cities for technology investments named




Posted on May 21, 2013


MORE CITIES have been identified as part of the Top 10 "Next Wave" cities by the Science and Technology department and the Information Technology and Business Process Association of the Philippines (IBPAP) and are hoped to be areas where investors can expand to.

The cities are Baguio City, Davao City, Dumaguete City, Iloilo City, Lipa City, Metro Bulacan, Metro Cavite, Metro Laguna, Metro Naga and Metro Rizal.

Bacolod City was also named as a Center of Excellence, joining Metro Manila, Metro Cebu and Metro Clark. Areas clustered as "metro" include municipalities which are complimentary to cities either because of the availability of talent or infrastructure.

Metro Bulacan is composed of Baliuag, Calumpit, Malolos City, Marilao and Meycauayan City. Metro Cavite includes Bacoor City, Dasmariñas City, Cavite City and Imus City while Metro Laguna has Cabuyao City, Calamba City, Los Baños, Sta. Rosa City and San Pablo City.

Metro Naga is composed of Naga City and Pili while Metro Rizal is Antipolo City, Binangonan, Cainta and Taytay.

Last year’s list included Davao, Bacolod, Sta. Rosa City, Iloilo City, Metro Cavite, Lipa City, Cagayan de Oro, Malolos City, Baguio City and Dumaguete City. "What we are looking for when awarding the next wave cities are areas which are able to spur development and create an ecosystem where innovation can happen and nurture start-ups," said the Science and Technology department’s Information and Communications Technology Office Executive Director Monchito B. Ibrahim during the press conference held yesterday.

Next wave cities are judged based on a scorecard looking at talent, infrastructure, cost and business environment. Cities named as next wave cities or Centers of Excellence do not get any additional incentives from the government but are given priority marketing to investors.

The group also named four cities as emerging locations. These are Batangas City, Cagayan de Oro City, Dagupan City and Tagbilaran City. -- Emilia Narni J. David