PH should spend more on R&D – PIDS

Despite climbing to 73rd out of 127 countries in the 2017 Global Innovation Index from 74th last year, the Philippines still needs to spend more in research and development (R&D) to truly boost innovation in the country, the Philippine Institute for Development Studies (PIDS) said.

At the recent Measuring and Examining Innovation in Philippine Business and Industry seminar, PIDS Senior Research Fellow Jose Ramon Albert attributed the country’s “low performance” in the index to the low public expenditures on R&D, the insufficient number of research scientists and engineers, inadequate infrastructure, restrictive research regulations, and the weak ties of firms involved in innovation activities to the government and academe.