The National Innovation Council (NIC) has approved 19 projects to tap into the government’s Innovation Fund, according to the National Economic and Development Authority (Neda). Know more:
THE National Innovation Council has approved 19 projects to tap into the government’s Innovation Fund, according to the National Economic and Development Authority .
“Innovation plays a critical role in our pursuit for sustained and accelerated economic growth and development, as it serves as a catalyst for raising overall productivity and elevating the quality of our goods and services,” Balisacan said. “Only through a collective national effort can we truly pursue and attain these goals for our future.”
Other projects that received over P7 million in funding are the Cavite Product Innovation Program for MSMEs of the Provincial Government of Cavite, which received P7.49 million, and the i-LINK: Integration of Localized Maritime Information Systems for a Comprehensive Nautical Knowledge Base of the University of the Philippines Diliman, P7.45 million.
Projects that received over P5 million were the Vizcaya Optimization of Incubation Centers for Economic Sustainability of the Provincial Government of Nueva Vizcaya with P5.575 million; and the Water Collection System with Treatment Facility at Brgy. Yabawon and Tan-Ag of the Municipality of Banton, Romblon with P5.73 million.
“Majority of [these] sought to address the pre-commercialization and commercialization requirements of innovative products or services, the enhancement of innovation facilities and services, and the conduct of capacity-building activities,” Balisacan said.
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