News: Gov't pushes innovation strategy for RP competitiveness -
11 Jan 2008
To keep pace with the demands of globalization, the Philippines is undertaking an innovation strategy to ensure the country's competitiveness.
The national strategy for innovation dubbed 'Filipinnovation' envisioned having a competitive workforce in producing value-added knowledge-based services brought about by increased research and development at par with global standards by 2010. It also aims to create public policy environment not only through executive, legislative, and judiciary initiatives but also through local government programs.
"Improving the competencies of the labor force through education to match market demands locally and globally is the core of innovation," it stressed.
The strategy noted that local companies need to harness the country's advantage in the area of high technology exports, especially on products from semiconductor and electronics industries which figure prominently in the global supply chain. This requires firms to innovate not only in product and service development but also throughout the entire business process.
"This means innovations are needed from raw material acquisition and delivery to product design and production to marketing and feedback in order to significantly lower operating costs, increase company revenues and satisfy changing consumer demand," it pointed out. It also underscored the government's role in ensuring the creation of physical and policy infrastructure vital in allowing individuals and firms to innovate.
Moreover, it aims to advocate for the inclusion of innovation in the national competitiveness agenda. Public-private sectors involved in the development of the National Innovation Strategy • Board of Investments (BOI) • Commission on Higher Education (CHED) • Development Academy of the Philippines (DAP) • Department of Budget and Management (DBM) • Department of Science and Technology (DOST) • Department of Trade and Industry (DTI) • Intellectual Property Office of the Philippines (IP Philippines) • National Economic and Development Authority (NEDA) • Asian Institute of Management Policy Center (APC) • Advanced Research and Competency Development Institute (ARCDI) ________________________________________