The country's shift to net zero is seen to propel high-impact industries, including MSMEs, as well as attract investments and generate job opportunities.
Improving quality of incubators and accelerators, financial access for early-stage startups, and talent development are needed to bolster startups, says ADB report.
An ADB-backed program is helping the country improve its investment climate to attain high-income status by 2045 and transition to a low-carbon economy.