Deep-pocketed investors are again in a frenzied fight to fund Silicon Valley Internet startups on the back of LinkedIn’s successful IPO, Facebook’s surprisingly sustainable rapid growth internationally, and Twitter’s increasing popularity. Investors are anxious.

The Philippines ranks at the very bottom—where it is tied with Bangladesh—of a recent survey of IT competitiveness in R&D. This means less R&D takes place in the Philippines (0.0) than in Indonesia (0.1), Sri Lanka (0.1), and Vietnam (0.2).