Manila: Innovation among businesses is expected to increase following the issuance of Executive Order (EO) No. 99, which paved the way for the establishment of the ‘Presidential Filipinnovation Awards.’
According to Philippines News Agency, the EO, issued Oct. 6, 2025, aligns with Republic Act (RA) No. 11293 or the ‘Philippine Innovation Act’, which promotes innovation to boost economic growth in line with President Ferdinand R. Marcos Jr.’s bid for a competitive, knowledge-based, and innovation-led economy, as per the Department of Economy, Planning, and Development (DEPDev).
“This initiative highlights the vital role of innovation in shaping a more dynamic, competitive, and inclusive economy,” DEPDev Secretary Arsenio Balisacan said in a statement. “We thank President Marcos for institutionalizing this recognition, which will inspire more Filipino individuals and enterprises to innovate for economic development.”
Balisacan emphasized that innovation thrives when various sectors such as government, industry, academe, and communities collaborate. He noted that the EO reinforces the collective mission to create a future where Filipino ideas transform into marketable solutions.
DEPDev, in a press release, announced that 15 finalists nationwide have been identified. These finalists will pitch their proposals before a national board of judges and a live audience during the competition scheduled for Nov. 5 to 6.
The finalists will have the opportunity to showcase their innovative products, services, and processes through exhibits during the national competition. Winners will receive a medallion and plaque bearing the official seal, citation, and signature of the President. They will also receive grants or support such as mentorship, coaching, and participation in international innovation events to help them advance their innovations.
“This year, the Philippines has reached a major milestone, as it climbs to 50th place out of 139 economies in the 2025 Global Innovation Index (GII)-its highest ranking to date,” the press release added.