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The Department of Trade and Industry is in discussions with the Asian Development Bank to secure $400 million to $500 million in funding for the National Innovation Gateway program, Secretary Alfredo Pascual said at the Tatak Pinoy Act Forum.
“We will not limit these Negosyo centers to just training, lecturing and mentoring MSMEs but give them opportunities to try their hands-on innovation and creativity,” Pascual said. The Gateway will house a variety of facilities, including the Industry 4.0 Pilot Factory, the Center for AI Research, startup spaces and a one-stop 16-floor government solutions center.
Pascual emphasized the need for diversification into more complex product categories to achieve sustained economic growth. He highlighted the Philippines’ strengths in hi-tech exports, particularly semiconductors and electronics, while acknowledging the need to expand into other areas.
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