This Act establishes a national policy framework for promoting innovation as a key component of sustainable and inclusive economic development. It aims to strengthen innovation governance, support micro, small and medium enterprises (MSMEs), promote research and development, encourage entrepreneurship and improve coordination among government, business, academia, research institutions and communities. The Act establishes the National Innovation Council (NIC), responsible for setting national innovation goals, priorities and strategies and for developing the National Innovation Agenda and Strategy Document. Innovation priorities include food security and sustainable agriculture, the blue economy, clean energy, climate change and disaster resilience, resource efficiency, traditional knowledge and genetic resources. The Act provides for inclusive innovation, MSME support, innovation centres and business incubators, regional innovation and cluster policies, and strategic research, development and extension programmes. It establishes an Innovation Fund and provides for innovation development credit and financing to support innovative enterprises and solutions. It also promotes intellectual property protection, public-private partnerships, technology transfer, innovation-oriented public procurement and measures to remove regulatory barriers to innovation. Government agencies and local government units are required to coordinate implementation under a whole-of-government approach, while the Act also provides for advocacy, community education, implementing rules, penalties and related institutional measures.
菲律宾 · 2019-04-17