Marcos pushes for IP reform and startup support

President Ferdinand R. Marcos Jr. shared his vision for strengthening the country's innovation ecosystem during the 2024 post-State of the Nation Address (SONA) Discussions.

DTI Secretary Alfredo Pascual announced plans to introduce amendments to the Intellectual Property Code of the Philippines to enhance enforcement and protect intellectual property owners against piracy and counterfeiting.

The proposed amendments aim to modernize the IP framework, improve online security, and boost education in intellectual property rights.

Pascual emphasized that supporting startups will drive innovation and technological adoption, aligning with President Marcos' goal of investment-led growth.

Through various programs like IDEA, ADVANCE, and GAP, the DTI is currently assisting 130 startups across different sectors such as agriculture, finance, and education.

The government, in collaboration with the Asian Development Bank, is establishing a National Innovation Gateway to produce 'technological unicorns' valued at USD1 billion.

Additionally, the National Development Company is investing in startups through the Startup Venture Fund to further support innovation.