Philippine Innovation Act
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Philippine Innovation Act
Republic Act No. 11293
April 17, 2019
Case Overview and Summary
Summary of Republic Act No. 11293 (Philippine Innovation Act):Declares the policy of fostering innovation as vital for national development and sustainable economic growth. (Section 2)
Objectives:
- Promote culture of strategic planning and innovation (Section 4a)
- Improve innovation governance (Section 4b)
- Ensure coordination and eliminate fragmentation of innovation policies (Section 4c)
- Strengthen position of MSMEs in innovation system (Section 4d)
- Remove obstacles to innovation (Section 4e)
- Encourage entrepreneurial attitude (Section 4f)
- Explore and promote potentials of traditional knowledge, cultural expressions, and genetic resources (Section 4g)
- Strengthen public-private partnerships for inclusive growth (Section 4h)
Establishes the National Innovation Council (NIC) to develop innovation goals, priorities, and strategies. (Section 6)
- Chaired by the President, with members from various government agencies and private sector representatives.
- Functions include developing strategic vision, coordinating policies, monitoring progress, and administering the Innovation Fund. (Section 7)
Requires the development of a National Innovation Agenda and Strategy Document (NIASD) with a minimum 10-year horizon. (Section 9)
- Identifies priority areas such as food security, blue economy, education, health, energy, climate change, resource efficiency, and others. (Section 10)
- Promotes inclusive innovation for low-income and marginalized groups, and women's participation. (Section 11)
- Supports MSME innovation and internationalization. (Section 12)
Encourages establishment of innovation centers, business incubators, and regional innovation clusters. (Sections 13-14)
Mandates strategic research, development, and extension (RD&E) programs guided by the NIASD. (Section 15)
Employs various innovation instruments such as technology programs, innovation networks, technology platforms, and cluster policies. (Section 16)
Adopts a "whole of government" approach involving various agencies in implementing innovation strategies. (Section 17)
Establishes a Diaspora for Innovation and Development Program to tap expertise of Filipinos abroad. (Section 18)
Enforces intellectual property laws and streamlines registration processes. (Section 19)
Mandates advocacy and community education programs on innovation. (Section 20)
Establishes an Innovation Fund with an initial P1 billion allocation. (Section 21)
Develops an innovation development credit and financing program, with banks required to set aside 4% of loanable funds for innovation loans. (Sections 22-23)
Removes regulatory barriers and streamlines processes to facilitate innovation. (Section 24)
Promotes establishment of Innovation Alliances for collaborative research. (Section 25)
Allows innovative procurement methods such as pre-commercial procurement and technology diffusion procurement. (Section 26)
Declares April 21 as National Innovation Day. (Section 27)
Provides for implementing rules and regulations, penalty provisions, separability clause, and repealing clause. (Sections 28-31)
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Philippine Innovation Act
Republic Act No. 11293
•April 17, 2019
REPUBLIC ACT NO. 11293
AN ACT ADOPTING INNOVATION AS VITAL COMPONENT OF THE COUNTRY'S DEVELOPMENT POLICIES TO DRIVE INCLUSIVE DEVELOPMENT, PROMOTE THE GROWTH AND NATIONAL COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
SECTION 1. Short Title. — This Act shall be known as the "Philippine Innovation Act."
SECTION 2. Declaration of Policy. — It is hereby declared the policy of the State to foster innovation as a vital component of national development and sustainable economic growth. Pursuant to Section 10, Article XIV of the Constitution that recognizes science and technology as "essential for national development and progress" and gives priority to "research and development, invention, innovation and their utilization," the State hereby adopts the following policies:
(a) The State shall place innovation at the center of its development policies, guided by a clear and long-term set of goals that will take into consideration the key advantages of the country and the opportunities in the regional and global economic arena. As such, it shall harness innovation efforts to help the poor and the marginalized and...
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