The Department of Trade and Industry (DTI) said the Philippines climbed three spots in the Global Innovation Index (GII) 2023 to rank 56th overall.
It said that over the past five years, the country was considered an outperformer, surpassing expectations on innovation relative to its level of economic development among other countries.
The Philippines was also part of the top 10 climbers of the decade (2013-2023).
The Philippines performed well in business sophistication (38th), knowledge and technology outputs (46th) and market sophistication (55th).
It needed more interventions to advance in human capital and research (88th), infrastructure (86th) and institutions (79th).
“As the world accelerates innovation faster than we could have imagined, we must be consistent in our goal of driving innovation across all industries. We must remain committed to our goal of shaping the future of this country to be a global innovation leader and a breeding ground for technological advancements. We need to change the mindsets of our people, recommend reforms of institutions, and lead a pathway towards global competitiveness,” DTI Secretary Fred Pascual said.
The DTI and the Department of Science and Technology (DOST) continue to work together in laying down the foundations for building platforms and innovation ecosystems through the establishment of Regional Inclusive Innovative Centers (RIICs).
Since 2019, there have already been 13 active RIICS across the Philippines and this number is continuously growing. Through these RIICs, various government agencies, the academe, and industry convene to drive the innovation, creativity, and entrepreneurship agenda across the country.
RIICs aim to drive research commercialization and continuously build an institutional support system for innovation.
DTI Undersecretary for Competitiveness and Innovation Group (CIG) Rafaelita Aldaba emphasized the government’s support to accelerate the development of the country’s human capital, which it considers as the country’s main asset in driving innovation and global competitiveness.
“We are committed to investing in our young Filipino talent. It is our belief that our people are our main competitive advantage among our peers. We need to continue to inspire the next generation of game changers, nurturing creativity, supporting technological innovation, and building an enabling environment for innovation and entrepreneurship,” Aldaba said.