SEVERAL groups will fete innovators as it leads in the celebration of the Philippine Innovation Week from February 20 to 24.

Several organizations, such as the Benito and Catalina Yap Foundation (BCYF), have organized their own activities to promote and develop the culture of innovation in the country.

To kick off the celebration, the BCYF will hold on February 20 the first annual awarding ceremony of the group’s Innovation Awards at the Kalayaan Hall, Malacañang Palace. BCYF Chairman Antonio Yap said the awards are aimed to encourage Filipinos to create innovative solutions to the country’s problems. Yap has emphasized that innovation is the key to achieve significant change in Philippines. The BIA, hence, is a good start as we search for people who inspire innovation in agri-business, government services and small, medium business, he said.

State think tank Philippine Institute for Development Studies (PIDS) has said that innovation improves firm competitiveness, enables access to global markets, expands job opportunities and introduces new industries to the economy.

“Although the Philippines has recorded a high-growth path in the past years, many analysts contend that the country could achieve more if it can improve its innovation capacity, which, inarguably, remains wanting,” the PIDS said in a statement.

Yap said they chose government services, education, small medium enterprise and agri-business because they have seen successful efforts by innovators in these sectors.

The finalists in the BIA are OneLab of the Department of Science and Technology, e-commerce platform oneStore, Bote Central, KKK Enterprise, Sunlight Foods Corp., Trophy Farms, Governor Jayvee Tyron Uy of the Compostela Valley and the Department of Science and Technology Mimaropa Region 4B.

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