A systematic evaluation of the Philippine innovation ecosystem

College

Gokongwei College of Engineering

Department/Unit

Manufacturing Engineering and Management

Document Type

Conference Proceeding

Source Title

2020 IEEE 12th International Conference on Humanoid, Nanotechnology, Information Technology, Communication and Control, Environment, and Management (HNICEM)

Publication Date

2020

Abstract

While innovative ideas are the basis for most startup companies, a prolific and supportive innovation ecosystem is needed for these ideas to come to fruition. A systematic method to properly determine and evaluate the strengths and weaknesses of a particular innovation ecosystem must be achieved. This research study presents a systematic evaluation of the Philippines' innovation ecosystem based on Oxentia's guide for evaluating a typical entrepreneurial ecosystem known as “The Elements Review”. This guide lists each element to be evaluated and grouped it into four areas: 1) Universities, 2) Government, 3) Businesses, and 4) the Third Sector. The original “Elements Review” used a color descriptor system to visualize the state of the innovation ecosystem. This research study proposed a number rating system to replace the color descriptor system. Each element was given a rating between 1 to 3. A rating of “1” is the lowest performance, while a rating of “3” is the highest performance. The average scores for each element area are Universities/RTOs = 2.33, Government = 2.4, Businesses/Industry = 2.5, and the Third Sector = 1.4.

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Disciplines

Technology and Innovation

Keywords

Technological innovations; Entrepreneurship; New business enterprises

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