PHL jumps up to 54th in Global Innovation Index

The Philippines ranked 54th in the Global Innovation Index (GII) 2019 with a score of 36.18, according to the World Intellectual Property Organization (WIPO). The Philippines jumped 19 places from 73rd in in 2018.

“The very institution has commented in its report that the Philippines is among the new entrants to the group it calls the innovation achievers and has defined our country’s better innovation performance as one of the few notable changes this year,” Presidential Spokesperson Salvador Panelo said in a statement.

He noted that the Department of Trade and Industry (DTI) also observed that Philippines’ scores significantly increased in five of the GII’s eight pillars, namely: [1] institutions; [2] infrastructure; [3] business sophistication; [4] knowledge & technology outputs and [5] creative outputs.

“We foresee that the Philippines will further improve its rankings with higher scores in all of the aspects for innovation following President Rodrigo Roa Duterte’s signing of the Philippine Innovation Act and the Innovative Startup Act into laws,” Panelo added.

“We commend those departments and agencies responsible for the improvement of our country relative to its economy’s innovation development. May this good news further motivate them in creating an environment that nurtures innovation and creates business opportunities as we become one of the fastest growing economies in the globe,” he said.