MANILA, Philippines – Senatorial candidate Lauren Legardo wants to improve the implementation of the Philippine Innovation Act to stimulate economic growth by helping micro, small and medium enterprises (SMEs).
Legarda said proper implementation of Republican Law № 11293 or the Philippines Innovation Law, which she authored, should help the country train highly qualified personnel and further enhance the capacity of IHR and related sectors.
Legardo said the national government can use science, innovation and technology to make the Philippines a competitive country, “we need to take a broader view on developing our goals and strategies that cover all potential types and sources of innovation,” she said in a statement. .
The former senator then called on the National Office of Economics and Development (NDA), the Department of Trade (DTI) and the Department of Science and Technology (DOST) to ensure that the law is properly funded and that the pressing needs of various sectors, especially IHR, are properly addressed.
These include access to finance, training and mentoring in design, technology extension services, quality control, marketing and promotion, patents and other forms of intellectual property rights.
Legarda also suggested that by focusing on innovation, public institutions could seek convergence with other institutions to add more value to existing programs, citing as an example the convergence between DOST and the Ancient University (UA).
DOST’s Community Empowerment through Science and Technology (CEST), funded by Legard under the 2019 national budget, has set up livelihood support centers on UA campuses and Barangai Technological Economic Enterprises (TechnoBEEs) in selected municipalities in its home municipality. province.
This project has created jobs and opportunities for entrepreneurship, increased the productivity of municipalities and even eliminated the problem of malnutrition through the production of DOST-FNRI feed in Antique.
As chairman of the Senate Finance Committee, in 2018 the General Services Program (SSF) budget allocation increased from 50 million to 1 billion, allowing more SMEs across the country to gain access to capital, training and technical assistance.
“SMEs make up 99.5% of our local economy. Training, research and development are needed for MSMEs to come up with innovative and useful products that can be sold in the market and benefit consumers, ”Legarda said.
“We need to ensure the effective implementation and adequate funding of programs that promote Philippine innovation to help SMEs support and promote their business not only in the domestic market but also on the world stage.”
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