Date Published:
Jun 20, 2018
Category:
Policy Notes
Focus Area(s):
Code:
PN 2018-07

This Policy Note assesses the state of the innovation ecosystem in the Philippines. Among others, it notes that micro, small, and medium enterprises (MSMEs) do not innovate as much as large firms. It also finds that firms consider the government and public research institutes as the least important source of information on innovation. To encourage MSMEs to take risks and innovate, the study urges the government to tailor its interventions to sector-specific needs of firms, especially in accessing finance, knowledge, and skills. While large firms already have financial and human resources, it also reminds the government they will still need assistance in making a paradigm shift toward seeing the value of going beyond their knowledge and cooperation networks for innovation. The study also calls for an inventory and evaluation of existing mechanisms to strengthen the free flow of information within the innovation ecosystem.

Citations

This publication has been cited 3 times

In the Media
  1. Arcalas, Jasper. 2018. P10-billion fund for rice sector not enough—group. BusinessMirror.
  2. BusinessMirror. 2018. PIDS to government: Customize aid to MSMEs, large firms. BusinessMirror.
  3. Gatpolintan, Leslie. 2018. PH urged to tailor-fit aid to needs of MSMEs, big firms. Philippine News Agency.


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