CAGAYAN DE ORO CITY - To ensure growth in the country’s national and regional innovation ecosystems, the government must be involved in creating policies and allocating proper funding for our innovators, said National Economic and Development Authority Regional Director Mylah Faye Cariño.
She said the government and its stakeholders are largely responsible for creating the optimum environment for Filipinos to materialize their innovations by means of crafting policies and ensuring sufficient funding.
“For ideas to take off, most of them would really need the support, not only of the government, but also of other stakeholders. That’s why the government's role is to really get out of the way of our innovators, provide the right environment, policy, and financial support,” Cariño said.
Stressing the importance of innovation, Department of Trade and Industry Misamis Oriental Provincial Director Almer Masillones also said innovation is a vital component for national development and economic growth. “Innovation is seen to address problems MSMEs, our challenges in the industry. Innovation will actually create better products, better services through utilizing existing resources,” she said, adding the health crisis also widely benefited from innovations and the expansive digitalization of their agency’s operations, as it allowed them to deliver education, health, and other services online.
MSME refers to micro, small and medium-sized enterprises.
The steady progress in the country’s
innovation landscape has also impacted tech start-ups and small businesses in
the region, according to University of Science and Technology of Southern
Philippines President Ambrosio Cultura II. “We have to patronize our
start-ups, our small businesses, let us prioritize them so that they can also
grow. Everyone has a role to contribute in order that we will be able to
contribute to economic development through innovation and entrepreneurship,” he
said. (Gabriel Andres)
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