innovation

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.

To meet these digital challenges and take the first step towards digital transformation, businesses big and small must select the right partner to work with.

In an attempt to build itself as a credible supplier of IT solutions across multiple industries, China-based tech company Huawei is shifting its focus from local telcos to other business sectors in the Philippines.