President Ferdinand Marcos Jr. approves the National Innovation Agenda and Strategy Document, which outlines how the Philippines can achieve a pervasive culture of innovation driven by market demands.
MANILA, Philippines – President Ferdinand Marcos Jr. has given the green light to a national blueprint which aims to enhance innovation in governance and foster a culture of innovation driven by market demands. meeting on Friday, June 30, Marcos, as NIC chair, approved the National Innovation Agenda and Strategy Document 2023-2032, a comprehensive plan which aims to enhance innovation governance and establish a thriving innovation ecosystem in the country.
Balisacan explained, “Chapter 8 of the PDP elaborates on this strategy by outlining its role in the continuum of research and development, innovation, technology adoption, and commercialization.” The NIASD defines a dynamic innovation ecosystem as one that nurtures a pervasive culture of innovation driven by market demands. It encourages collaboration through effective and reliable platforms and provides innovators with the necessary resources and facilities to transform their ideas into innovative products and services. It also facilitates connections between innovators and potential investors and funders.
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