NEDA To Launch 10-Year Innovation Plan In April

The National Economic and Development Authority (NEDA) will launch the country’s long-term innovation plan in April 2023.

Under the Philippine Innovation Act Progress Report, the National Innovation Agenda and Strategy Document (NIASD) will provide the country’s 10-year vision, long-term goals, and strategies to improve governance in priority areas.

NEDA said creating the plan was divided into two parts, with the National Innovation Agenda laying down the overall innovation framework and priority areas, adopted and approved by the National Innovation Council (NIC).

The National Innovation Strategy is the second part that will enumerate the strategies and overall implementation plan.

“This (National Innovation Strategy) will be launched on April 21 during National Innovation Day,” NEDA said.

Through the launch of the NIASD, the government aims to accelerate innovation efforts for programs that target the poorest of the poor.

The plan will also promote public-private partnerships, including large businesses, micro, small and medium enterprises, academe, research and development, and engineering institutions.

Under the Republic Act 11923 or the Philippine Innovation Act, the NIC was established to set the country’s innovation goals, priorities, and long-term national strategy through crafting the NIASD. The council includes the NEDA Secretary as vice chairperson, heads of government agencies, and seven executive members from the private sector.

The NIC identified ten national priority areas for development, funding, and innovation for the next ten years: learning and education; health and well-being; food and agribusiness; finance; manufacturing and trade; transportation and logistics; public administration; security and defense; energy; blue economy and water.

Source: Philstar