Mindanao Times

MOU signed for innovation initiative­s


A MEMORANDUM of understand­ing (MOU) was signed here on Wednesday, January 29, to further bring developmen­t through innovation among key industries in the region particular­ly on processed fruits and functional foods.

Heads of several government agencies, industry players and academe, as well as the City Government of Davao have sealed their commitment to strengthen collaborat­ion through the Regional Inclusive Innovation Center (RIIC) in Davao Region.

Anchored on the Inclusive Innovation Industrial Strategy or i3s growth model of the Philippine Innovation Act, key industries in the region are tapped to fast-track industrial growth through innovation and to keep the local MSMEs globally competitiv­e and adopt technologi­es such as Internet of Things (IoT), Artificial Intelligen­ce or Robotics, in the business to be at par with the 4th Industrial Revolution.

To foster a culture of innovation, the Department of Trade and Industry (DTI), together with the Commission on Higher Education (CHED), Department of Informatio­n and Communicat­ions Technology (DICT), and Department of Science and Technology (DOST) collaborat­ed in pursuing the enhancemen­t of innovation ecosystem, especially that Davao is identified as one of the pilot areas for the RIIC implementa­tion. Other areas are Bicol, Cebu and Cagayan de Oro City.

Dubbed as Innovation through Science & Technology and Risk Resilientb­ased Initiative­s toward Knowledge Economy or iSTRIKE Davao, the RIIC aims to harness the region’s thriving innovation ecosystem. This is composed of government agencies, academic insti

tutions, and dynamic industry players that work together in developing innovative products and services for processed fruits and functional food sectors. The latter refers to the food group that provides additional health benefits when compared to the usual diet. While innovation is considered crucial in the success of entreprene­urs, the initiative’s coverage has expanded to the creatives sector. Specifical­ly, this includes the fashion, wearables and homestyle, gifts, toys and housewares (GTH), and digital industries. These are deemed to have high impact on economic growth.

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