WIPO reveals latest data on intangible capital and innovation index

WIPO

Pasay City – To disseminate the latest publications of the World Intellectual Property Organization (WIPO), the Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) organized an orientation among DOST officials on 07 May 2019 at the Hotel Jen Manila by Shangri-La, Pasay City.

The latest data on the “Intangible Capital in Global Value Chains” and “Global Innovation Index 2018: Energizing the World with Innovation” were presented to understand the correct paths in creating frameworks in interconnecting science and technology to national development through the prioritization of science, technology, and innovation utilization and application to productive systems.


“We are enthusiastic with today’s orientation being the marketing arm of the Department in promoting technology transfer and commercialization, that we are able to impart the knowledge very close to our passions and mandates creating not just an impact in the national level but in the global arena,” said DOST-TAPI Director Edgar I. Garcia.

Experts from the Intellectual Property Office of the Philippines (IPOPHL) – Atty. Maria Katrina D. Rivera and Dr. Frederick P. Romero were invited as resource speakers.

The first part of the session focused on the rise of global value chains as well as the relevance of the intangible capital to the chain.

“Global value chain is an institutional fragmentation of production located across different countries which promote more affordable products and stimulate economic growth with the integration of different nations across the globe,” said Atty. Maria Katrina D. Rivera, resource speaker from IPOPHL.

The shift from the traditional value chain to a global one can be rooted from the cost-effectiveness of dispersed production, falling cost of international trade, liberal trade, lowered cost of shipping goods, and modern information and communication technology.

Intangible capital, on the other hand, is part of the added value that does not fall under the labor and tangible input categories.

“Intangible capital, composed of knowledge and reputation assets, has garnered a total value of around 5.9 trillion US dollars in 2014,” added Rivera.

Subsequently, the second part of the session tackled the status of innovation in the Philippines as reported in the Global Innovation Index 2018, as well as the model and framework used in conducting the index and the formative analysis for the country in terms of innovation.

“Between inputs and outputs, I am more inclined to look after the outputs – micro, small, and medium entrepreneurs’ innovation and technology transfer, to name a few,” said DOST Secretary Fortunato T. De La Peña.

The Global Innovation Index 2018 revealed that the Philippines ranked 73rd among the 126 nations that are included in the list.

In particular, the Philippines ranked 64th in “knowledge creation” which includes patents, utility models, and scientific and technical articles and 83rd in “intangible assets” which includes trademarks, industrial designs, information and communication technology, and business and organization model creation.

“We are taking deliberate steps in enhancing our standing as far as [scientific and technical] publications, intellectual property [filing], and innovation for entrepreneurship through technology are concerned,” added De La Peña.

The orientation was attended by 37 DOST officials from different attached agencies and regional offices.

DOST-TAPI S&T Media Service
Jund Rian A. Doringo