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The Department of Trade and Industry (DTI) is boosting research and development (R&D) by making it more accessible across the country. In his message during the Asean Summit on Spin-Off Technologies Tuesday, Trade Secretary Ramon M. Lopez said the agency is organizing Regional Inclusive Innovations Centers (RIICs) throughout the country…
DTI Secretary Ramon Lopez MANILA - The Department of Trade and Industry (DTI) is boosting research and development (R&D) by making it more accessible across the country. In his message during the Asean Summit on Spin-Off Technologies Tuesday, DTI Secretary Ramon Lopez said the agency is organizing Regional Inclusive Innovations Centers (RIICs) throughout the country to democratize the development of startup communities. Lopez said R&D is the "real heart" and the "DNA" of entrepreneurship, thus making it inclusive will enable more startup communities and support young entrepreneurial talents in technology and creative industries. RIICs serve as the integrating portal to region-based resources that can be tapped by entrepreneurs. Micro, small and medium enterprises (MSMEs) can also utilize the RIIC to position their products in the global value chain to ensure that they have competitive edge in the global market. "The presence of startup enterprises capit
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Published December 14, 2020, 5:00 AM
The automation level among manufacturing firms in the country has remained low, but the Department of Trade and Industry (DTI) said that various initiatives are in place to help local firms catch up.
Trade and Industry Secretary Ramon M. Lopez divulged a study at the Manufacturing Summit 2020 which showed that technology utilization of manufacturing enterprises in the country in 2019 remained low.
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO)
According to the DTI study, most are still making the transition from Industry 2.0 to 3.0.
Among the study’s key findings were: 44% had no maintenance system; 35% collect and manage data through paper documents; 46% have no established cybersecurity; and more than 50% had no manufacturing equipment connected to a network.