Neda releases ₱160-M from Innovation Fund

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THE national government has released P160.1 million from its Innovation Fund, the National Economic and Development Authority (Neda) reported.

For 2023, the report stated that four projects received P5 million each, the highest for that year.

Balisacan said in the NIC report.“These innovation levers aim to support and encourage more innovators, especially among micro, small, and medium enterprises (MSMEs), to venture into innovative products, processes, or services,” he added.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Extended 2023 Development Received Million Innovation Grants 2022 Grant Report Projects

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 16:07:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25084009

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