Trending Now
The Seven Deadly Economic Sins
Ports servicing offshore wind farms seen ready by...
PPA awards P618.93-million Lucena port project
BIR expects single-use plastics tax to raise revenue...
Philippines freezes pork imports from Taiwan following ASF...
Agri dep’t launches infra monitoring office
PHL, Hungary wrap up joint commission meetings
PHL makes progress on water security, but state...
Technical snags hindered PHL efforts to roll out...
Audit suspension: A festive break for taxpayers
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Innovation Council approves procurement, startup reforms

by November 24, 2025
November 24, 2025

THE National Innovation Council (NIC) approved reforms aimed at modernizing government procurement and innovation projects and easing barriers for enterprises and startups.

In a statement on Monday, the Department of Economy, Planning, and Development (DEPDev) said the Council, at its ninth meeting, endorsed the New Government Procurement Act Supplemental Guidelines for the Direct Procurement for Science, Technology, and Innovation.

“The guidelines aim to streamline procurement processes for government entities engaged in research and development, science, technology, and innovation programs and projects,” DEPDev said.

The guidelines seek to reduce delays, enable startups to participate in government programs, and allow the procurement of pre-commercial goods to stimulate innovation and encourage early market engagement.

The guidelines round out Section 37 of the New Government Procurement Act Implementing Rules and Regulations.

DEPDev said the approved guidelines will be forwarded to the Government Procurement Policy Board for final approval and issuance.

“To keep pace with global technological developments and foster a dynamic innovation ecosystem, government procurement must be fast, flexible, and open to new ideas,” Economy Secretary and NIC Vice Chairman Arsenio M. Balisacan said.

Mr. Balisacan said the new procurement modality accelerates research, promotes early commercialization, and opens opportunities for startups and tech suppliers.

Meanwhile, the NIC also reviewed DEPDev’s policy study on streamlining business registration, renewal and exit processes, which seeks to ease administrative hurdles for enterprises particularly micro, small and medium firms and startups, in starting, operating and closing their businesses.

The initiative supports the Council’s mandate to cut regulatory inefficiencies, improve ease of doing business, and boost innovation ecosystem through targeted reforms in business permitting.

DEPDev said the Council also approved implementing guidelines for Executive Order No. 99, series of 2025, which formalize the Presidential Filipinnovation Awards.

The updated rules set new eligibility criteria, evaluation standards and procedures aimed at promoting inclusivity and wider participation. — Aubrey Rose A. Inosante

previous post
Davao River bridge to be open by December — DPWH 
next post
The Shutdown Was a Game

Related Posts

Ports servicing offshore wind farms seen ready by...

December 8, 2025

PPA awards P618.93-million Lucena port project

December 8, 2025

BIR expects single-use plastics tax to raise revenue...

December 8, 2025

Philippines freezes pork imports from Taiwan following ASF...

December 8, 2025

Agri dep’t launches infra monitoring office

December 8, 2025

PHL, Hungary wrap up joint commission meetings

December 8, 2025

PHL makes progress on water security, but state...

December 8, 2025

Technical snags hindered PHL efforts to roll out...

December 8, 2025

Audit suspension: A festive break for taxpayers

December 8, 2025

Palawan petroleum service contract forwarded to Palace for...

December 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News