The Philippines now ranks 74th out of 128 countries in the 2016 Global Innovation Index, moving up nine spots from its 83rd ranking in 2015.
The Global Innovation Index is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). It looks at various economic indices to determine a country’s innovation performance.
Based on the Report, the Philippines improved in terms of Innovation Input, i.e. those elements that enable innovative activities. In particular, the Philippines showed improvement in its institutional frameworks which attract business and foster growth, human capital and research, and infrastructure.
In terms of Innovation Output, the Philippines showed some improvement in a number of indices, particularly in the rise of patent applications (both nationally and internationally through PCT applications), utility model applications, trademark applications, and industrial applications filed by residents.
Overall, the Philippines earned a Global Innovation Index score of 31.8, improving on its score of 31.1 in 2015.