^

Business

Government draws up 10-year innovation roadmap

Louella Desiderio - The Philippine Star

MANILA, Philippines — The National Innovation Council (NIC), chaired by President Marcos, has approved the country’s innovation roadmap for this year until 2032.

In a statement, the National Economic and Development Authority (NEDA) said the National Innovation Agenda and Strategy Document (NIASD) outlines the plan to improve innovation governance and establish a dynamic innovation ecosystem in the country.

“The future, even the near future, is expected to be volatile, uncertain, complex, and ambiguous. Developing a dynamic innovation ecosystem is critical to achieving our AmBisyon Natin 2040 of a matatag, maginhawa at panatag na buhay for all Filipinos,” NEDA Undersecretary Rosemarie Edillon said.

She emphasized that a dynamic innovation ecosystem would facilitate the creation and translation of ideas and knowledge into high-quality and competitive products and services to promote economic growth, well-being, social inclusion, and environmental sustainability.

Edilon said there is a need for the government to play a role in this process to avoid undesirable outcomes like constant distress and disasters, greater inequalities, and sluggish progress.

Under the NIASD, a dynamic innovation ecosystem is one that fosters a pervasive culture of innovation driven by market demand, and facilitates collaboration.

It is also expected to link the innovator-entrepreneur to potential investors and funders.

NEDA Secretary Arsenio Balisacan, who also serves as NIC vice-chair, said establishing a dynamic innovation ecosystem is among the strategies in the transformation agenda identified in the Philippine Development Plan (PDP) or the overall development blueprint for 2023 to 2028.

“Chapter 8 of the PDP elaborates on this strategy by situating it within the continuum of research and development, innovation, technology adoption, then commercialization,” he said.

The NIC, which is a 25-member policy advisory body for innovation development in the country, is composed of 16 department secretaries and seven executive members from the private sector.

vuukle comment

NIC

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with