19 innovation projects worth over P115M approved

THE PHILIPPINE agency for national innovation has approved 19 projects worth P115 million, National Economic and Development Authority Secretary Arsenio S. Balisacan said on Tuesday.听听
Majority of the approved projects involve the 鈥pre-commercialization and commercialization requirements of innovative products or services, the enhancement of innovation facilities and services, and the conduct of capacity-building activities,鈥 Mr. Balisacan said at a National Innovation Council meeting.听听
The meeting was the council鈥s first under the Marcos administration and the fourth since the agency鈥檚 creation in 2019.听听
The innovation fund is one of the key outputs of the council, he said, noting that it 鈥aims to strengthen entrepreneurship and enterprises engaged in developing innovative solutions.鈥澨听
One of the approved projects is a creative science program by the Department of Science and Technology鈥s (DoST) Technology Application and Promotions Institute establishment of a health research and technology innovation hubs by the DoST鈥s Philippine Council for Health Research and Development.听听
Others include a DoST-Zamboanga Peninsula project that seeks to bring science and technology 鈥closer to the margins鈥; an implementation of innovation, science and technology with indoor farming technology by DoST Eastern Visayas; industrial designing and finalization of production drawings for the commercialization of BUHAWI by DoST鈥s Metals Industry R&D Center; DoST-Davao Region鈥s proposed enhancement of renewable and sustainable energy technologies using local innovations; and the pilot testing and commercialization of micro impeller rice mill by the Department of Agriculture鈥s Philippine Center for Postharvest Development and Mechanization.听听听
Projects initiated by local governments were also on the list, including the optimization of incubation centers in Nueva Vizcaya; water collection system with treatment facility in Romblon; farmers鈥 information and technology service center in Camiguin; and startup ecosystem development program in Naga City, among others.听听听
Academic institutions鈥 proposals were also approved, including a farm machinery and seeding system by the South Cotabato State College, and the integration of localized maritime information systems by the University of the Philippines Diliman.听听
In a Palace briefing after the council鈥s meeting, Mr. Balisacan lamented that the country鈥s investment in research and development (R&D) remains low.听
鈥Looking at our investment in R&D as a proportion of our gross domestic product, we are at the bottom (level)鈥 almost at the bottom when you see what our neighbors are doing,鈥 he said.
鈥So, I think it鈥s high time, it鈥s really high time that we develop this (innovation) ecosystem.鈥澨听
During the meeting, the 25-member council approved seven executive members for 2023 to 2026 who come from the business community, academe, and science sector. 鈥 Kyle Aristophere T. Atienza听


