QUEZON CITY, Sept. 3 (PIA) -- The Philippines moves up again in the Global Innovation Index, breaking into the top 50 list among 131 economies with strong performance in high-tech trade, ICT service, creative goods & research talent.
In a report virtually launched yesterday, September 2, the GII cites the Philippines alongside China, India, and Viet Nam that have seen the most significant progress in Southeast Asia in their innovation ranking over the past 10 years.
“At the Department of Science and Technology (DOST), we consider this as major news because it can be considered as a testament that DOST’s efforts in spearheading science, technology, and innovation are bearing fruits,” said Science and Technology chief Fortunato dela Pena in a statement.
The GII ranking helps place innovation firmly on the policy map of economies and can guide leaders in incorporating scientific innovation as part of their economic strategies.
Despite limited budget allocation for science and technology research and development, the DOST was able to support the growth of micro, small, & medium enterprises (MSMEs) through projects like the Small Enterprise Technology Upgrading Program (SETUP), making them highly competitive even on the global stage; increase number of R&D partnerships between academe and industry through the Collaborative Research and Development to Leverage the Economy (CRADLE); and increase in Intellectual Property applications and technology transfer.
The DOST has also seen innovation opportunities amid COVID-19 pandemic as evidenced by its support to locally-developed test kits, biomedical devices, disease model, and other useful apps.
“The latest GII ranking of the Philippines is a great source of hope and inspiration for all Filipinos who are facing uncertainties in the midst of the current pandemic,” dela Pena said. (MTQ/PIA-IDPD)
Source: Philippines Information Agency (pia.gov.ph)
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