Science gets boost through PROPEL
Through the PROPEL program, DoST Secretary Renato Solidum said that technology-inspired innovations will ‘gain traction’ in the global market, and eventually will attract foreign investors.
DOST Secretary Renato Solidum leads the launch of the PROPEL Program at the Manila Hotel.
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Different private businesses vowed to support local scientists and innovators as the Department of Science and Technology (DoST) launched PROPEL, a program that will introduce Filipino product innovations into the global economy.
Through the PROPEL program, Science and Technology Secretary Renato Solidum said technology-inspired innovations will “gain traction” in the global market, and eventually attract foreign investors.
“Some projects need further study and research so that they can be commercialized, and upscale the manufacturing of different products,” Solidum said.
The secretary added that this will also allow the innovators to communicate with the potential capitalists and investors to further improve their products.
PCCI support
The Philippine Chamber of Commerce and Industry (PCCI) was also present at the event, as their chairman promised their utmost support in funding the development and improvement of local, technological innovations.
“It aligns with our shared goal of fostering inclusive economic growth,” said Ramon Escueta, chairman of the PCCI Innovation and Science & Technology Committee, in his speech.
Solidum hopes that through the PCCI, the local projects can be funded throughout the country, and eventually, be promoted into the global market.
The science and technology secretary hopes that the flagship program of DoST will help the status of jobs in the Philippines, as Filipinos may secure jobs once these scientific innovations are manufactured.
“We are hoping that we can create more companies in the Philippines, that will help the Filipinos to secure a quality job, in line with Science and Technology,” the secretary shared.
Among the innovations envisioned through the new program are solutions for climate change, disaster management, and health, issues that the Philippines shares with many other countries.
The DoST also encourages aspiring innovators to embrace the process of bringing potential scientific concepts to life without fear.
“The DoST is here to support, and further improve the idea, and to bring those concepts and ideas into reality,” Assistant Secretary for Technology Transfer, Communications and Commercialization Napoleon K. Juanillo shared.