PH climbs 3 spots to rank 56th in global innovation

It said that over the past five years, the country was considered an outperformer, surpassing expectations on innovation relative to its level of economic development among other countries.The Philippines performed well in business sophistication , knowledge and technology outputs and market sophistication .“As the world accelerates innovation faster than we could have imagined, we must be consistent in our goal of driving innovation across all industries.

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. DTI Undersecretary for Competitiveness and Innovation Group Rafaelita Aldaba emphasized the government’s support to accelerate the development of the country’s human capital, which it considers as the country’s main asset in driving innovation and global competitiveness.

Source: News Formal (newsformal.com)

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