Daily TribuneIn the latest rankings, the Philippines performed well in Business sophistication (38th), Knowledge and Technology outputs (46th), and Market Sophistication (55th) but there needs to be more intervention in Human Capital and Research (88th), Infrastructure (86th), and Institutions (79th).
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MANILA, PHILIPPINES 5 October 2023–The Department of Trade and Industry reported that the Philippines rose three notches in the latest Global Innovation Index 2023 rankings, ranking 56th overall.
Over the past five years, the country has been considered an outperformer, surpassing expectations on innovation relative to its level of economic development among other countries. The Philippines has also been part of the Top 10 climbers of the decade (2013-2023).
In the latest rankings, the Philippines performed well in Business sophistication (38th), Knowledge and Technology outputs (46th), and Market Sophistication (55th). However, there need to be more interventions to advance our Human capital and Research (88th), Infrastructure (86th), and Institutions (79th).
Consistency in driving innovation
"As the world accelerates innovation faster than we could have imagined, we must be consistent in our goal of driving innovation across all industries. We must remain committed to our goal of shaping the future of this country to be a global innovation leader and a breeding ground for technological advancements. We need to change the mindsets of our people, recommend reforms of institutions, and lead a pathway towards global competitiveness," DTI Secretary Alfredo Pascual said.
The DTI and the Department of Science and Technology continue to work together in laying down the foundations for building platforms and innovation ecosystems through the establishment of Regional Inclusive Innovative Centers.
Since 2019, there have already been 13 active RIICS across the Philippines and this number is continuously growing. Through these RIICs, various government agencies, the academe, and industry convene to drive the innovation, creativity, and entrepreneurship agenda across the country.
Further, RIICs aim to drive research commercialization and continuously build an institutional support system for innovation. In line with the recent launch of the National Innovation Agenda and Strategy Document, the country's blueprint for innovation, several National Government Agencies such as the Office of the President, DTI, DOST, National Economic and Development Authority, Department of Agriculture, Department of Environment and Natural Resources, Department of Health, Department of Transportation, Department of Health, Department of Energy, Department of National Defense, Department of Information and Communications Technology, Commission on Higher Education, Department of Budget and Management, Department of Education, Department of Interior and Local Government, Department of Foreign Affairs, Department of Labor and Employment, and Intellectual Property Office of the Philippines also forged their commitment to creating harmonized programs to fuel a dynamic innovation ecosystem.
