THE Philippines posts its best rank ever as it climbed the Global Innovation Index (GII) ranking from 73 to 54 in 2018-2019, and now from 54 to 50 in 2019-2020.
“We are now 50th among 131 economies, the Philippines’ best rank ever. In 2014, just six years ago, the country still ranked 100th,” says Department of Science and Technology (DOST) Secretary Fortunato de la Peña.
This is a major development because it can be considered as a testament that DOST’s efforts in spearheading science, technology, and innovation are bearing fruits.
He says this is important because the ranking helps place innovation firmly on the policy map of economies and can guide leaders in incorporating scientific innovation as part of their economic strategies.
The GII ranks world economies according to their innovation capabilities and provides rich analysis referencing around 130 economies.
Over the last decade, the GII has established itself as both a leading reference on innovation and as a “tool for action” for economies that incorporate the GII into their innovation agenda.
The GII rankings are determined based on seven pillars – Creative Outputs, Institutions, Human Capital & Research, Infrastructure, Market Sophistication, Business Sophistication, and Knowledge & Technology Outputs.
The Philippines, together with three other economies (China, Vietnam and India), has made the most significant progress in the GII innovation ranking over time.
Compared to other economies in South East Asia, the country performs above average in two of the seven GII pillars: Business sophistication and Knowledge & technology outputs.
The Philippines stands out for the innovativeness of its business sector and the innovation outcomes produced by its investments, with levels of outcomes that remain even above some high-income economies.
The country is also considered to be well-integrated into global trade, ranking 1st in High-technology imports, 3rd in High-technology exports, 8th in Information and Communications Technology services exports and 10th in Creative goods exports.
Among its highest ranking indicators, its Productivity growth ranks 6th, while it ranks 7th in terms of firms offering formal training, and 8th in terms of registered utility models by origin.
The DOST strongly supported the growth of our micro, small, and medium enterprises through projects like the Small Enterprise Technology Upgrading Program, making them highly competitive even on the global stage.
The DOST has prioritized initiatives that are proven to be extremely useful during the COVID-19 pandemic, such as locally-developed test kits, biomedical devices, disease model, and other useful apps.
The country’s ranking in university/industry research collaboration is in the upper 25 percent of the GII 2020.
This is consistent with the increasing number of R&D partnerships between academe and industry that the DOST has supported in the Science for Change Program, particularly in the Collaborative Research and Development to Leverage the Economy or CRADLE.
We ranked 8th in utility models by origin and this is consistent with the exponential increase in Intellectual Property applications and technology transfer supported by DOST, and this can partly be traced to the significant increase in IP applications, he says./PN
