The Philippines is confident it will be able to reach its goal of being in the top one-third of economies in terms in innovation by 2028.
This was expressed by President Ferdinand Marcos Jr. in a speech read by Trade Secretary Alfredo Pascual at the opening of the Asian Regional Conference in Support of Accelerated Life Sciences Innovation in Mandaluyong City on September 11.
The Philippines currently ranks 59th in the Global Innovation Index (GII), among 132 economies measured.
“We believe that by addressing gaps and challenges in innovation inputs and outputs indices as well as in making continued investments in our educational and research institutions, we will reach this dream (of being in the top third percentile in GII) in no time,” Pascual said.
As a step forward, the government launched the National Innovation Agenda and Strategy Document 2023-2032, geared towards improving the country’s performance in the GII rankings.
Pascual conveyed the government’s commitment to uphold intellectual property practices in the field of life sciences while also promoting creativity and encouraging innovation.
Pascual also noted that part of the priorities of the administration is Filipinnovation
that aims to find modern-day solutions to modern-day problems, and make use of science and technology, especially research and development, in nation-building.
At the conference, hosted by the Intellectual Property Office of the Philippines in partnership with the World Intellectual Property Organization, the Philippines was spotlighted for its success in strengthening collaboration among the academe, government and industry in establishing a thriving environment of open innovation and technology transfer in life sciences.
