Innovation for SMEs in the Philippines in 2019

Innovation for SMEs in the Philippines in 2019 1

The Philippines is now at the 54th place (31.56) among 129 countries in the 2019 Global Innovation Index (GII).

Last year, we are in 73rd place – and if we ask the Department of Trade and Industry, this is just a start.

President Duterte has signed into law Republic Acts 11293 (Philippine Innovation Act) and 11337 (Innovative Startup Act), paving the way to innovate how Filipinos do business.

“[…] we expect further improvements in our ranking as we intensify our efforts to build our country’s innovation and entrepreneurship ecosystem, accelerate and globalize our startups, and better prepare our MSMEs and industries for the Fourth Industrial Revolution,” said Secretary Ramon Lopez of the DTI.

Looking back, we just had the Inclusive Filipinnovation and Entrepreneurship Roadmap drafted [PDF], and look where we are now.

What does this do with Small and Medium Enterprises? We’ve had a lot of programs done by the government together with the support of the private sector – from mentoring sessions to expo promotions.

Most SMEs are also online, and “dropshipping” is becoming a buzzword. This, aside from the measures to ease the way we do business, is one step forward in an evolving industry.

Does this make you want to start and grow your business? Join the 10th Philippine Business and Entrepreneurs’ Expo from August 31 to September 01, 2019 at Megatrade Hall 2, 5th Level, Mega B of SM Megamall in Mandaluyong City.

PBEX 2019 is organized by business event organizer Ex-Link Management & Marketing Services Corporation. For partnerships, call tel. no. 633-0153, SMS 0920 924 2532 / 0920 981 4376 or email info@exlinkevents.com.

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