innovation

Companies across industries are reimagining everything they used to know and are rebuilding their operations.

This time of Covid-19 has proven that innovation is an absolute necessity.

To help businesses reinvent themselves in the face of the so-called new normal, serial tech entrepreneur Mario Domingo a new book titled “Creative Innovation Launchpad: Building a Culture of Innovation”.

Acting socio-economic planning secretary and NEDA chief Karl Kendrick Chua said the government must be the one to provide the direction and impetus for innovation to prosper.

After the country reached this year its best record in the Global Innovation Index (GII), the Department of Science and Technology is targeting to significantly advance further in two years.

The amount will be used to support industries that will undergo digital transformation and businesses undertaking innovation activities.

A P1-billion Innovation Fund will be established to strengthen entrepreneurship and enterprises engaged in developing innovative solutions benefitting the poorest of the poor.

Tarlac representative Victor A. Yap, the chair of the ICT committee in the House of Representatives, has called on his colleagues to pass a bill which would promote innovation and knowledge transfer for economic and social development.

Innovation is when you fix something, even if it?s not broken. In entrepreneurship, continuous innovation in products, processes, business model, is the only way to survive.

?Do not ask customers? was the very first lesson he said he learned.