Tuesday, July 23, 2024

Senate S&T panel to tackle bills on Pinoy scientists and start-ups

The Senate Committee on Science and Technology is set to work on pending bills that are seen to benefit Filipino scientists, researchers, and entrepreneurs when session resumes on Monday, January 15.


“While we consider the Free Internet Law as a major accomplishment of the science and technology committee, we are still eager to work on reforms for scientists and startups,” said Sen. Paolo Beigno ?Bam? Aquino IV.

These measures include the Innovative Startup Act and the amendments to the Magna Carta for Scientists. The Senate recently approved on third and final reading the Balik-Scientist Act via a 13-0 vote.

On Monday, Aquino will spearhead the period of amendments for the Innovative Startup Act and the Magna Carta for Scientists as principal sponsor of the measures.

The Innovative Startup Act, for its part, seeks to give necessary support for business startups to help them thrive and compete in the market.

The amendments to the Magna Carta for Scientists aim to streamline the process of providing benefits and incentives to S&T government personnel.

The Balik Scientist Bill seeks to provide overseas Filipino scientist with financial benefits and incentives to encourage some to return to the Philippines and help boost the country’s research and development.

The measure aims to institutionalize the Balik Scientist Program of the Department of Science and Technology (DOST), which successfully encouraged some of our scientists to return and contribute to research that will address development gaps in the Philippines.


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