In the 2024 Global Innovation Index (GII) report released by the World Intellectual Property Organization (WIPO) on Thursday, Sept. 26, the country stood out as one of only seven economies cited for its innovation growth over the last ten years.
The National Economic and Development Authority (NEDA) has underscored the need to accelerate its efforts to achieve its goal of reaching the 43rd rank from 56th among 132 world economies by 2028 by promoting a culture of innovation and entrepreneurship and scaling up technology innovation, utilization, and commercialization.
The National Innovation Agenda and Strategy Document (NIASD) outlines the 10-year vision, long-term goals, and strategies for improving the country’s innovation priorities and governance.
Establishing a dynamic and enabling ecosystem built on strong government-industry-academe partnerships and data governance will drive more innovation in Philippine business and industry, as team of experts said in an online forum.
From last year’s 51st rank, the Philippines slumped to 59th place in the newly released 2022 Global Innovation Index (GII) which studied 132 economies worldwide.
The National Economic and Development Authority (NEDA) said it will launch on April 21 the National Innovation Agenda and the AmBisyon e-Village, an online innovation platform.
Socio-economic Planning secretary Karl Chua cited the importance of easing the restrictions on foreign ownerships, especially telecom and transport, that would help the Philippines attract more investments and create more and better jobs that are crucial to accelerating the country’s economic recovery.
In giving out the grants, Accenture prioritized emerging technologies that the company deems have the greatest potential to be adopted and scaled in the coming years.
