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Inclusive Filipinnovation and Entrepreneurship key for Philippine economic development

Indian Government launches programme to support deep tech innovation and commercialisation in critical areas
Indian Government launches programme to support deep tech innovation and commercialisation in critical areas

An announcement made by
the Philippine
Information Agency
highlighted the how the Department of Trade and Industry
(DTI) and the Department
of Science and Technology
(DOST) are looking into Filipino
innovation (Filipinnovation) as the strategic tool for the country’s economic

Innovation is the key tool in changing and
improving the country’s industries, in producing more jobs and attracting more
investments in the Philippines according to DTI and DOST.

A public consultation entitled, “Gearing up
the Regions for Industry 4.0 – Regional Validation Workshop,” was held in Davao
City recently to present the strategies in implementing the Inclusive
Filipinnovation and Entrepreneurship Roadmap.

During the event, inputs and
recommendations on the newly-adopted industrial policy were gathered. It was
conducted by DTI’s Bureau of Trade and Industrial Policy Research (DTI-BTIPR)
in coordination with the regional offices of DTI and DOST.

Filipinnovation (Filipino Innovation) is a
project for entrepreneurs. Sec Lopez said, “Innovation is when you fix
something, even if it’s not broken. In entrepreneurship, continuous innovation
in products, processes, business model, is the only way to survive.”

The aforementioned roadmap was initiated in
2017 when DTI Secretary Ramon M. Lopez and DOST Secretary Fortunato T. dela
Peña signed the Memorandum of Understanding (MOU) during the two-day Inclusive
Innovation Summit 2017.

To implement this, DTI created the
following programs to help entrepreneurs, they are:

Shared Service Facilities
(SSF), which is a machine-lending service to cooperatives.

Pondo para sa Pagbabago at
Pag-asenso (P3), which is a low-interest collateral-free loan program to MSMEs.

Kapatid Mentor ME program is a
coaching and mentoring approach where large corporations teach MSEs on different
aspects of business operations.

SME Roving Academy (SMERA) is a
continuous learning program for the development of MSMEs to become competitive
in the domestic and international markets.

Go Lokal, which is a project
that discovers and improves MSME products and helps them reach mainstream

Inclusive, Innovation-led,
Industrial strategy (i3s)—wherein the academe, industry, and government sectors
collaborate to solve business innovation challenges.

DOST, on their part, provides the following
services to micro, small and medium enterprises (MSMEs):

Small Enterprise Technology
Upgrading Program (SET UP), which provides machines and technology training to
individuals or companies.

Science and Technology Expert
Volunteers’ Program (STEVPP) which allows Science and Technology experts to
provide free consultations and assistance to communities and cooperatives.

Testing and Calibration
services to ensure that products reach health and quality standards

Packaging and Labelling

104 participants from different sectors
attended the event. Representatives from the national government agencies,
industry cluster communities, academic institutions, business groups, MSMEs,
and business start-ups participated in breakout sessions to identify constraints
and proposed actions.

DTI Assistant Secretary for Industry
Development and Trade Policy Group (IDTPG) Ms Rafaelita M. Aldaba led the
presentation of the Inclusive, Innovation Industrial strategy (i3s) framework.

The DTI-Board of Investments (BOI)
formulated the i3s framework. It is an industrial policy aimed at growing
innovative and globally-competitive manufacturing, agriculture and services
sectors while strengthening their linkages into the domestic and global value

Suggestions for government issues included implementing
reforms or projects that would improve the ease of access to funding for MSMEs.
Moreover, creation of an innovation governance body that would converge,
coordinate and oversee the innovation initiatives and related activities would
be ideal.

Establishing strong linkages between big
companies and small enterprises to improve the support capability and identify
domestic supply chains was the suggestion for industry issues.

As for the academe, it was recommended that
there should be an establishment of facilities in the universities where
students can develop or test their products and outputs before deploying it to
the market.

DTI-Davao Regional Director Maria Belenda
Q. Ambi said, “Through close coordination among government agencies and
effective policy implementation, we could harness the potential of more
Filipino innovators and entrepreneurs that will drive the country to a more
competitive positioning in the global economic arena and improve the quality of
life for all Filipinos.”

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