Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Philippine Congress urged to pass Philippine Innovation Bill

The House of Representatives is being urged to pass a bill which would promote innovation and knowledge transfer for economic and social development, according to a recent report.

The support comes as the House Committee on Small Business and Entrepreneurship Development approved the Substitute bill on the “Philippine Innovation Act”.

This bill will provide incentives for ideas that result in the development of new or improved policies, products, processes or services that spread across the market.

The current business situation where start-up companies and MSMEs have the opportunity to compete with big businesses through technology and innovation should be taken advantaged of.

The government should step in and cultivate this environment by providing MSMEs with a platform to flourish.

The consolidated version of the “Philippine Innovation Act” will also cut bureaucratic red tape for Micro, Small and Medium Enterprises (MSMEs) and increase their access to finance, market and technology.

Also in the proposal is the inclusion of a requirement for all banks to set aside at least 4% of their total loanable funds for innovation development credit.

If enacted, the bill is set to establish the National Innovation Council (NIC), which will be in charge of setting priority areas for innovation and developing the National Innovation Agenda and Strategy Document (NIASD).

The NIASD will contain the country’s long-term goals for innovation and a roadmap for improving innovation governance.

The NIC will be responsible for administering the following instruments: a PHP 1-billion (US$ 18.5 million) Innovation Fund, which will provide capital to enterprises that are engaged in developing innovative solutions, which will primarily benefit the poor.

NIC will also be responsible for the Innovation Development Credit and Financing System, which aims to boost the development of new technologies by providing MSMEs with loans and other financing activities.

The government plays a vital role in providing the people with the right perspective and skills to be competitive.

The government needs strategic planning and a long-term vision to achieve sustainable and inclusive growth.

The proposed Philippine Innovation Act consolidates the following House Bills: House Bill No. 5618; House Bill No. 5701; House Bill No. 6227; and House Bill No. 6476.

House Bill No. 5618 intends to remove the obstacles that hinder MSMEs to achieve the sector’s potential and growth promoting role. It will suppress the bureaucratic blocks to MSMEs.

House Bill No. 5701 will establish the aforementioned NIC as well as focus on strengthening scientific, technological and institutional capabilities and promoting scientific and technological advancement.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.