Lesson 5 (TALK SHOW BARILI) reset 1 Flashcards
(19 cards)
The ______________ is a landmark law aimed at strengthening the country’s innovation system by promoting a culture of creativity, research, and technological advancement
Philippine Innovation Act (RA 11293)
Philippine Innovation Act (RA 11293) was signed into law by President ________
Rodrigo Duterte
Signed into law by President Rodrigo Duterte on _______, it recognizes innovation as a key driver of sustainable economic growth and national competitiveness.
April 17, 2019
3 Key Objectives of the Philippine Innovation Act
- Foster Innovation Across Sectors
- Lead Implementing Agencies
- Funding and Support for Innovation
The law promotes innovation in education, agriculture, health, manufacturing, and services to boost productivity and competitiveness.
Ra 11293
meaning of NIC
National Innovation Council
The ________ is tasked to remove fragmentation in innovation governance by ensuring collaboration among government agencies, businesses, and academic institutions.
National Innovation Council (NIC)
The ____ will set long-term innovation priorities and goals to guide policies and investments in science, technology, and entrepreneurship.
NIC
Support____ and ____, and Medium Enterprises (MSMEs)
Startups
Micro, Small
The law mandates programs that assist _____ & ___ in adopting new technologies and expanding research and development (R&D) activities.
startups and MSMEs
The Philippines Innovation Act encourage ___ and _____ Collaboration
Public
Private Sector
To operationalize the law, Joint ______ Administrative Order No. 01, Series of 2020, was issued to outline the specific guidelines for implementation.
NEDA-DOST-DTI
menaing of NEDA
National Economic and Development Authority
The National Economic and Development Authority (NEDA) leads the_____, in collaboration with the Department of Science and Technology (DOST) and the Department of Trade and Industry (DTI).
execution
Establishes an ______ to finance R&D projects, capacity-building initiatives, and technology transfer programs.
Innovation Fund
Strengthens ______ education and entrepreneurship programs.
STEM (Science, Technology, Engineering, and Mathematics
Promotes _____ and _____ programs to enhance workforce adaptability.
lifelong learning
upskilling
Impact and Significance of the Philippine Innovation Act
- Boost Economic Growth
- Enhances Competitiveness
- Improves Public Services
- Strengthens MSMEs and Starups
Despite its benefits, the law faces some challenges: (4)
- Limited funding for R&D and innovation programs.
- Bureaucratic inefficiencies in coordinating government agencies.
- Brain drain, where skilled Filipino scientists and engineers work abroad instead of contributing to local innovation.
- Need for stronger industry-academe linkages to commercialize research outputs.