Department of Trade and Industry (DTI) Secretary Ramon Lopez cited the Philippine government’s so-called “inclusive, innovation-led, industrial strategy or i3s,” in boosting employment and business opportunities at the Synergy 2017 Conference on September 19.
The event is an annual science, technology and innovation conference, hosted by the United States Agency for International Development (USAID), Science, Technology, Research and Innovation for Development (STRIDE) program and the Intellectual Property Office of the Philippines (IPOPHIL).
Lopez said the i3s complements the government’s thrust to promote an innovation ecosystem which works with different sectors to generate more jobs and improved business opportunities.
He also said adopting i3s would translate to the creation of smarter Filipino entrepreneurs, who willfully embrace idea-based, demand-oriented, and research-driven innovation.
“It is in innovation that entrepreneurs can create their unique selling proposition and business models with added value, leading to higher income propensity,” the Secretary said.
Lopez also stressed that the government will always serve as a mover of innovation, as this is geared to widen the gains of economic development by empowering the sector of Micro, Small and Medium-scale Enterprises or MSMEs.