development funding for the Philippines.
“The economics is simple – while people and resources set a country’s initial potential, investing in science moves its production possibilities frontier, ever forward,” Salceda said in a short video posted on DOST-S4CP’s social media page. The program is composed of four sub-programs: Business Innovation through S&T for Industry Program, Collaborative Research and Development to Leverage Philippine Economy , Niche Centers in the Regions for R&D, and RDLead Program.The DOST cited the project with Herbanext Laboratories, Inc. as “one of the significant accomplishments” under the program.
The DOST said the BIST program aims to assist Filipino-owned companies to innovate and develop competitiveness through acquisition of new and relevant technologies – hardware or software – for research.The department cited that S4CP’s sub-program, CRADLE granted almost P320 million in funding to 70 academe-industry partnerships for R&D.
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