National Development Company

What National Development Company does

National Development Company (NDC) is a Government-Owned and Controlled Corporation (GOCC) established in 1919 and attached to the Philippines' Department of Trade and Industry (DTI), operating as the state's principal investment arm for strategic industries. Its mandate, anchored in PD1648 and multiple Executive Orders, is to enable industry development and spur local economies through direct equity investments, venture funding, and industrial real estate. NDC manages a portfolio of subsidiaries including wholly-owned Kamayan Realty Corporation and Batangas Land Company Inc. for real estate, and holds a minority stake in Manila Healthtek Inc. for medical devices manufacturing.

NDC's product surface spans five pillars: (1) the Philippine Innovation Hub (IHub), a startup ecosystem platform offering knowledge partnerships, co-investment, and mentorship; (2) the Startup Venture Fund (SVF), a venture vehicle whose first deployment was into SolX; (3) the Philippine E-Commerce Platform (PEP), the first government e-commerce platform; (4) the NDC Industrial Ecozone in Cavite, registered with PEZA; and (5) commercial and industrial properties available for lease or sale across the Philippines. The underlying 'technology' is operational and platform-level rather than software-native: IHub is an ecosystem coordination layer, while PEP is a transaction layer for MSME digitalization. NDC has held ISO 9001:2015 certification for 14+ consecutive years (most recently recertified May 2026 by TUV Sud).

NDC's revenue mechanics derive from a hybrid of streams: commercial property leasing through subsidiaries, investment returns from portfolio companies, and government-channel activity. It remitted PHP 429M in dividends to the national government in 2025 and has been recognized by the Governance Commission for GOCCs (GCG) for sustainability initiatives. Its go-to-market is enterprise/government-led: direct DTI and GOCC coordination, diplomatic engagement with foreign partners (Australia, Singapore, Israel, Malaysia), and participation in trade forums such as the Singapore Fintech Festival and ASEAN summits. NDC does not publish pricing and operates as a mandate-driven development partner to both public and private sector counterparties.

Name

National Development Company

Legal name

National Development Company

Website

https://ndc.gov.ph

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

101–250 employees

Short description

National Development Company is a Philippine Government-Owned and Controlled Corporation under the Department of Trade and Industry, founded in 1919, that invests in strategic industries via equity, venture funding, and industrial real estate while operating the Philippine Innovation Hub, Startup Venture Fund, and a PEZA-registered ecozone in Cavite.

Ownership category

akta.pro rank

Product category

State-Owned Investment Corporation

NAICS

Offices of Other Holding Companies (551112), Management of Companies and Enterprises (55111)

SIC

Investors, Nec (6799), Non-Operating Establishments (9995)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

Trade, Industry & Economic Development Administration (BPAIAAAL), Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN), Science, Technology & Innovation Administration (National R&D Policy) (BPAIAAAK), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

Keywords

• State-owned investment corporation
• Government venture capital
• Commercial property leasing
• Startup ecosystem development
• Industrial ecozone development

Headquarters

HQ city

Manila

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Dividend Remittances: As a GOCC, NDC remits dividends to the national government. The company was recognized for PhP429M dividend remittance in 2025.
2. Property Leasing: NDC generates revenue through commercial property leases including office spaces, lots, and developments across the Philippines.
3. Investment Returns: Returns from investments in startups (via Startup Venture Fund), infrastructure projects, and strategic sectors.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

National Development Company is a government-owned investment corporation that makes strategic equity investments in priority industries (healthcare technology, biotechnology, renewable energy, startups) through the Startup Venture Fund and direct deals, while also operating the Philippine Innovation Hub innovation platform, the Philippine E-Commerce Platform for MSME digitalization, an industrial ecozone in Cavite, and a portfolio of commercial/industrial properties leased via subsidiaries Kamayan Realty Corporation and Batangas Land Company Inc.

Product overview

National Development Company (NDC) is the Philippines' government-owned investment corporation operating as a state-owned enterprise under the Department of Trade and Industry. NDC's product portfolio consists of investment programs, innovation platforms, and real estate offerings rather than a unified technology product. The core offerings include: (1) the Philippine Innovation Hub (IHub) as a startup ecosystem platform, (2) the Startup Venture Fund (SVF) as an investment fund for startups, (3) the Philippine E-Commerce Platform (PEP) as a government e-commerce initiative, (4) NDC Industrial Ecozone in Cavite for industrial development, and (5) Properties for Lease/Sale managed through subsidiaries Kamayan Realty Corporation and Batangas Land Company Inc. NDC also makes direct equity investments in diverse sectors including healthcare technology (Manila Healthtek Inc.), biotechnology (Glovax, BPI France partnership), sustainable waste management (DTBC), renewable energy/hydrogen (Cyclion Energy, HDF Energy MOU), and startup ventures (solX).

Differentiator

Problem solved

Functional benefit

Brands

• Philippine Innovation Hub (IHub): A hub for startups and innovation ecosystem development in the Philippines, with expansion to Cebu and overseas.
• PH Startup Venture Fund (SVF)
• Philippine E-Commerce Platform (PEP)

Products and services

• Philippine Innovation Hub (IHub)

Quantifiable outcome

• PHP 429M dividend remittance to national government
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

19 partnerships are on record, tiered major, core, notable and minor.

• HDF EnergymajorStrategic or Co-development Partner · 11 December 2025NDC signed MOU with French company HDF Energy on hydrogen-based power solutions in December 2025, marking NDC's entry into hydrogen energy sector for sustainable development.
• Philippine Innovation Hub Knowledge PartnerscoreStrategic or Co-development Partner · 8 August 2024Five MOU signings with knowledge partners at the Philippine Innovation Hub (IHub) to support startup ecosystem development.
• CCCI (Cebu Chamber of Commerce and Industry)coreStrategic or Co-development Partner · 19 June 2024MOU establishing Cebu as the first expansion of the Philippine Innovation Hub, supporting regional startup ecosystem development.
• CICC (Cybercrime Investigation and Coordination Center)majorTechnology or Integration · 28 May 2024Partnership to strengthen cybersecurity initiatives and protect NDC's digital infrastructure and investments.
• Murdoch UniversitynotableTechnology or Integration · 4 March 2024NDC signed MOU with Australian university for potential academic and research collaboration in innovation and technology transfer.
• Cyclion EnergynotableStrategic or Co-development Partner · 4 March 2024NDC signed MOU with Australian sustainable environment solutions provider as part of Australian-Philippine business partnerships.
• LamudiminorGTM or Marketing Partner · 4 March 2024LOI signed for potential digital real estate platform collaboration in the Philippines.
• DysrupITminorStrategic or Co-development Partner · 4 March 2024LOI signed for potential technology disruption and innovation collaboration.
• AIESEC PhilippinescoreStrategic or Co-development Partner · 26 February 2024NDC signed MOU to empower young people to venture into startups and entrepreneurship through AIESEC's youth leadership network with 10 local branches in the Philippines.
• StartUp VillagecoreStrategic or Co-development Partner · 26 February 2024NDC partnered with StartUp Village to support startups from inception through mentorship, believing that 'it takes a village to raise a startup'.
• Bughaw Creative CollectivecoreStrategic or Co-development Partner · 26 February 2024NDC partnered to empower creative-type startups by assisting with technical registration processes and other business compliance requirements.
• AHG LabcoreStrategic or Co-development Partner · 23 January 2024Knowledge partnership MOU signed to enable Filipino entrepreneurs develop ventures contributing to the country's innovation ecosystem.
• BRINCcoreStrategic or Co-development Partner · 22 January 2024Knowledge partnership with Hong Kong-based global venture accelerator with offices in the Global South to support startup ecosystem development.
• The Independent InvestorcoreStrategic or Co-development Partner · 9 January 2024Knowledge partnership for Fundamentals of Fundraising workshop at the Philippine Innovation Hub.
• PwC PhilippinescoreImplementation/ SI/ Consulting Partner · 25 October 2023MOU signed for professional services and consulting support in investment evaluation and corporate governance.
• Start2coreStrategic or Co-development Partner · 25 October 2023MOU signed for startup ecosystem support and innovation development.
• Women's Business Council Philippines (WBCP)coreStrategic or Co-development Partner · 4 August 2023MOU signed to support women entrepreneurs and promote gender equality in business.
• Digital PilipinascoreStrategic or Co-development Partner · 21 July 2023NDC signed on as knowledge partner for Digital Pilipinas to drive fintech and digital economy development.
• PNOC Renewable Energy CorporationcoreStrategic or Co-development Partner · 15 May 2019MOU for exploring renewable energy investments and sustainable energy development projects.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Philippine Economic Zone Authority (PEZA): The government agency that registered NDC's Cavite industrial ecozone. Comparable as a partner and structural peer in driving industrial/economic zone development and foreign-investment attraction in the Philippines.
• Board of Investments (BOI Philippines): An agency under DTI that promotes investments into priority industries by granting incentives. Comparable to NDC as a DTI-affiliated economic development actor, though BOI focuses on incentive administration while NDC deploys direct investment capital.
• Small Business Corporation (SBC Philippines): A GOCC under DTI specifically mandated to promote MSME and small-business financing in the Philippines. Comparable to NDC in its DTI attachment and SME/startup-focused development mandate, though narrower in sector scope.
• Government Service Insurance System (GSIS): A Philippine state-owned pension and investment institution that invests in strategic sectors to generate returns for members. Comparable as a state-owned investment vehicle with policy-aligned asset allocation, though focused on insurance liabilities.
• Development Bank of the Philippines (DBP): The Philippines' state-owned development bank, also operating as a GOCC with a charter-driven mandate to finance strategic sectors. DBP is the most direct functional peer to NDC's role as government investment/development financier, sharing the same DTI oversight context and inclusive-growth mandate.
• Land Bank of the Philippines: Another GOCC under the Philippine government with a development mandate spanning agriculture, rural infrastructure, and SME lending. Highly comparable in structure, regulatory environment, and catalytic-vs-commercial balance to NDC.

Broad incumbents

• Khazanah Nasional Berhad: Malaysia's sovereign wealth fund, holding strategic stakes across sectors and acting as a national development investor. Highly comparable to NDC's catalytic-investment role but operating at significantly greater scale and asset base.
• Temasek Holdings: Singapore's state-owned investment company with a diversified global portfolio. Comparable in being a state-owned strategic investor with diversified sector exposure, though Temasek operates globally and at vastly larger scale than NDC.
• British International Investment (formerly CDC Group): UK's development finance institution investing in emerging markets across Africa, Asia, and beyond. Comparable to NDC in being a state-backed development investor, but globally diversified and significantly larger.
• Indonesia Investment Authority (INA): Indonesia's sovereign investment authority investing in strategic domestic infrastructure and projects. Closest ASEAN peer to NDC in mandate and operating model, though larger in capital base and more focused on infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/national-development-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Development Company