April 22, 2022 — The National Economic and Development Authority (NEDA) joined the first-ever celebration of the National Innovation Day organized by the National Innovation Council (NIC) on Thursday.
In his welcoming remarks, Socioeconomic Planning Secretary and NIC Vice-Chair Karl Kendrick T. Chua recognized the role of innovation in the country’s structural transformation and transition to high-income country status.
“The Philippines’ transition to high-income country status in one generation rests on our ability to innovate in an increasingly competitive and resource-constrained world. This is why I have proposed innovation to be one of the priorities in the next Philippine Development Plan,” Chua said.
The NEDA chief said that the full implementation of Republic Act No. 11293 or the Philippine Innovation Act will further raise the country’s productivity by encouraging more research, development, and adaptation of new technologies and processes.
“This will enable us to shift from low value-added to high value-added activities and unlock our potential to become a high-income country,” Chua said.
He further emphasized multi-sectoral coordination as key to the growth of a strong innovation culture in the Philippines.
“Today’s celebration marks our commitment to building a strong innovation culture in the country. This can only be realized through a strong, resilient, and connected ecosystem, composed of grassroots innovators, educational institutions, research and regional innovation centers, incubators, accelerators, government, businesses, and civil society with innovative and agile mindsets,” Chua said.
At the same event, NEDA Undersecretary for Policy and Planning Rosemarie G. Edillon presented the National Innovation Agenda framework. According to Edillon, this will lay out the country’s ten-year roadmap for innovation governance across ten priority areas.
These include food and agribusiness, energy, blue economy and water, trade, transportation and logistics, finance, health, security and defense, learning and education, and public administration.
“These are the areas that we identified to be the focus of development, funding, and innovation in the next ten years,” said Edillon, who also serves as the chair of the NIC-Executive Technical Board.
For this year’s celebration, the NIC presented the salient features of the Philippine Innovation Act. Around 650 participated via Zoom and more than a thousand attendees joined the event’s Facebook and Youtube live streams.
“We still have a long way to go before becoming an innovation hub like South Korea and Singapore, but there is no doubt that Filipinos have the innate talent, grit, and creativity to make this possible. Let us work together to take the country to the next level of development,” Chua added.
The National Innovation Day was organized by NEDA, the Department of Science and Technology, the Department of Trade and Industry, the Department of Education, the Commission on Higher Education, and the Technical Education and Skills Development Authority.
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