Articles worth reading

Metro News

IPOPHL eyes higher global innovation ranking 

account_balanceMetro News account_circleDan Ross chat_bubble_outline0 Comments

Following the country’s higher ranking in the 2023 Global Innovation Index (GII), Intellectual Property Office of the Philippines (IPOPHL) Director General Rowel Barba said his office will further contribute to the improvement of the country’s ranking in the innovation report, according to a report by Philippine News Agency.

This is as the Marcos administration targets to be at the top one-third of the GII by 2028, which means the Philippines should climb to at least rank 44 out of 132 economies in the next five years.

On Wednesday, the World Intellectual Property Organization (WIPO) released the latest GII where the Philippines rose to 56th place from 59th place last year.


“The improvement of the Philippine innovation ranking is a welcome development. But we have to continue being dissatisfied - dissatisfied not just in our current posture in the global innovation map but also in the current way of things around us, whether products, solutions, systems, processes or practices. We need to develop among Filipinos a mindset that continuously innovates to challenge the norm until such a time that innovating becomes our norm,” Barba said in a statement Thursday.

He urged Filipinos to produce more knowledge assets that will impact the markets and society.

On the other hand, the IPOPHL chief said his office recognized the issue raised by WIPO Director General Daren Tang that investing in innovation can be challenging at this time of high inflation and interest rates as well as existing geopolitical tensions.

The GII noted that innovation finance through venture capital investments dropped by 40 percent in 2022 after booming in 2021, while international patent registration also posted its slowest rate of increase since 2009, with 280,000 applications last year.


To encourage Filipinos to invest in innovation despite the challenging backdrop, Barba said the IPOPHL will continue to innovate its systems and practices to make intellectual property processes more efficient and accessible to rights holders.

“We will continue to expand the reach of our services, development assistance and awareness campaigns so that more Filipinos across the regions could take advantage of and be part of our fast-improving innovation environment,” he said.

date_rangeDate Published
2 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

BI blocks entry of 3 'rude' Malaysians 

account_balanceMetro Manila chrome_reader_mode3 days ago

For being rude and disrespectful, three Malaysian tourists were not allowed to enter the country through the Ninoy Aquino International Airport Terminal 3 (NAIA-T3) in Pasay City, the Bureau of Immigration (BI) said in a report by Philippine News Age...

Photo courtesy of DMW

DMW, LGUs team up to improve migrant workers' protection 

account_balanceMetro Manila chrome_reader_mode1 day ago

To better protect migrant workers and curb illegal recruitment and human trafficking, the Department of Migrant Workers (DMW) hopes to forge more partnerships with various local government units (LGUs) in the country, according to a report by Philipp...

‘The Tie That Binds’ by Mayumi Cruz challenges preconceived notions of monstrosity

account_balanceMetro Manila chrome_reader_mode3 days ago

Who is the true evil: conscienceless machines and technology, the creatures we perceive as monsters, or humans who want to assert their superiority at the expense of others? Mayumi Cruz seeks to challenge preconceived notions of monstrosity in her l...

Suspects defrauding contractors caught

account_balanceMetro Manila chrome_reader_mode3 days ago

The National Bureau of Investigation on Friday announced the arrest of four men who allegedly defrauded would-be contractors by claiming  supposed links with Senator Sherwin Gatchalian, according to a report by Philippine News Agency. In a...

Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature