Jan 03, 2022 to Dec 29, 2022
Funding Agency:
Philippine Institute for Development Studies
Focus Area(s):
Science, Technology, and Innovation

Innovation involves implementing new or significantly improved goods and services, production processes, marketing, or organizational methods for adding value. With the advent of the Fourth Industrial Revolution (FIRe), governments have become even more cognizant on innovation as a major driver of economic output, productivity, and competitiveness. Firms also face new demands and challenges that require innovation investments to remain competitive in the global market. At present, the Sustainable Development Goals (SDGs) is an ambitious commitment of 193 UN member states including the Philippines, to achieve inclusive and sustainable development by 2030. One of its 17 goals aims to “build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation (SDG 9)”. At the national level, the Philippine Development Plan (PDP) 2017-2022 recognizes that science, technology, and innovation (STI) play a key role in the Increasing the country’s Growth Potential pillar. The Philippine government acknowledges its role in establishing and maintaining a conducive policy environment to support the country’s innovation ecosystem. The Philippine Innovation Act (PIA), or Republic Act No. 11293, was signed into law on April 17, 2019 to guide the country’s innovation goals and is expected to make the policy environment in the country conducive for more science, technology and innovation efforts. In addition, Republic Act No. 11337, also known as The Innovative Startup Act, was signed into law nine days after the passage of PIA which aims to strengthen, promote, and develop an innovative and entrepreneurial ecosystem and culture in the Philippines. Examining innovation and its relation to economic growth, the study will involve the conduct and analysis of the second round of the PIDS Survey of Innovation Activities (PSIA), the first was in 2015, with a pilot conducted by DOST with the then NSO in 2009. Moreover, 2021 PSIA aims to gather new information on use of digital platforms by PH businesses, recognizing that markets of all kinds are becoming more digital and digitalized with rapid use of internet.

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