By increasing the number of incubators, there will be more entrepreneurs, more startups, more jobs, more businesses and, in the long run, have an impact on national economic development.
The I-Tech program also allows inventors to borrow up to 85 percent of the total loan amount or a maximum of P12.5 million, or what the borrower's repayment capacity is, whichever is lower.
In a decade, the country is expected to have 380 scientists, engineers, and researchers for every one million Filipinos, the suggested benchmark of the Unesco, a science and technology official said.
Even if the Philippines doesn?t do anything, new innovations from AI, data science, and space technology will eventually become the norm, the DOST official said during the meeting at the WVSU.
Raymond Liboro, assistant secretary of the Department of Science and Technology (DOST), has been appointed by Pres. Benigno “Noynoy” Aquino III as the first commissioner of the newly created National Privacy Commission (NPC).
