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APD | Research and development, innovation to increase Philippine’s growth potential

Science & Military2018-10-23

By APD writer Melo M. AcunaMANILA, Oct. 23 (APD) – Socioeconomic Planning Secretary Ernesto M. Pernia said the government ought to advance investments in research and development (R&D) and innovation initiatives to create modern industry and agriculture.“We must pay greater attention to technology and innovation, human capital, global trade and investment for us to catch up with the current and future pace of modern economy,” Secretary Pernia said in a press briefing with the Philippine-American Academy of Science and Engineering (PAASE), about the Philippines’ ranking 73rd out of 126 countries in the 2018 Global Innovation Index.  He added there are definite ways to improve the country’s innovation rating.At the meeting, the Philippine government and the PAASE discussed challenges faced by the Science and Technology (S&T) sector and ways to build globally-linked manufacturing and R&D in the Science and Technology Innovation Ecosystem in the Philippines.Secretary Pernia noted the need to make R&D activities and output accessible to micro, small and medium enterprises (MSMEs) to increase their productivity and competitive advantage.“MSMEs are one of the country’s major economic drivers.  With S&T, we are preparing our country for the future of production while taking advantage of the country’s growth momentum,” he further explained.The Cabinet official said the meeting aims to link Philippine universities with R&D centers to become integral partners in industry research and connect domestic MSMEs to the supply-value chain.“We can overturn these shortcomings in this sector by working double-time on S&T and innovation-related collaborations among institutions such as government, industry and the academe,” Secretary Pernia concluded. (ASIA PACIFIC DAILY)

By APD writer Melo M. Acuna

MANILA, Oct. 23 (APD) – Socioeconomic Planning Secretary Ernesto M. Pernia said the government ought to advance investments in research and development (R&D) and innovation initiatives to create modern industry and agriculture.

“We must pay greater attention to technology and innovation, human capital, global trade and investment for us to catch up with the current and future pace of modern economy,” Secretary Pernia said in a press briefing with the Philippine-American Academy of Science and Engineering (PAASE), about the Philippines’ ranking 73rd out of 126 countries in the 2018 Global Innovation Index.  He added there are definite ways to improve the country’s innovation rating.

At the meeting, the Philippine government and the PAASE discussed challenges faced by the Science and Technology (S&T) sector and ways to build globally-linked manufacturing and R&D in the Science and Technology Innovation Ecosystem in the Philippines.

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Secretary Pernia noted the need to make R&D activities and output accessible to micro, small and medium enterprises (MSMEs) to increase their productivity and competitive advantage.

“MSMEs are one of the country’s major economic drivers.  With S&T, we are preparing our country for the future of production while taking advantage of the country’s growth momentum,” he further explained.

The Cabinet official said the meeting aims to link Philippine universities with R&D centers to become integral partners in industry research and connect domestic MSMEs to the supply-value chain.

“We can overturn these shortcomings in this sector by working double-time on S&T and innovation-related collaborations among institutions such as government, industry and the academe,” Secretary Pernia concluded. 

(ASIA PACIFIC DAILY)

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