The Philippines jumped 19 places to rank 54th among 129 countries in the Global Innovation Index 2019.
It was a significant improvement from the 73rd spot the country held in 2018 as its score climbed to 36.18 from last year’s 31.56.
The country’s scores increased in five of the GII’s eight pillars: institutions, infrastructure, business sophistication, knowledge and technology outputs and creative outputs.
“This is great news for our nation and our innovation ecosystem as a whole. It recognizes the efforts of the various government agencies like the Trade Department, Science Department and National Economic and Development Authority in advancing innovation among our people and MSMEs, creating an innovative culture, as well as in building linkages with academe and industry,” said Trade Secretary Ramon Lopez.
He said the president’s signing into law of the Philippine Innovation Act (RA 11293) and Innovative Startup Act (RA 11337) would further improve the country’s ranking “as we intensify our efforts to build our country’s innovation and entrepreneurship ecosystem, accelerate and globalize our startups and better prepare our MSMEs and industries for the Fourth Industrial Revolution.”
The country’s score and rankings in the GII’s input and output sub-indices improved. From 39.14 in 2018 and 82nd rank, the Philippine input sub-index score rose to 41.68 to 76th spot. From 23.98 in 2018 and 68th place, the Philippine output sub-index score also climbed to 30.68 and 42nd sport.
The GII 2019 noted that among the Philippines’s strengths are the percentage of tertiary graduates in science and engineering; e-participation; the percentage of firms offering formal training; trade, competition, and market scale; knowledge absorption; knowledge diffusion; and creative goods exports.
“With innovation at the heart of our Inclusive Innovation Industrial Strategy and the implementation of the Ease of Doing Business and Efficient Delivery of Government Services, the DTI is confident that we can further improve our innovation and entrepreneurship ecosystem. In collaboration with DOST and other national government agencies and our partners from industry and the academic community, our focus is on strengthening our human capital, building our capacity for research and development, and facilitating technology transfer and the conduct and commercialization of market-oriented research,” said Trade Undersecretary for competitiveness and innovation Rafaelita Aldaba.
The Trade Department formulated and implements the Inclusive Filipinnovation and Entrepreneurship Roadmap.
The roadmap aims to bridge the gaps in the country’s innovation and entrepreneurship ecosystem towards fostering connected and creative communities across the country.
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