Science for Change Program

• When analysing markets, a range of assumptions are made about the rationality of economic agents involved in the transactions
• The Wealth of Nations was written

  1776
• Rational


  (in classical economic theory) economic agents are able to consider the outcome of their choices and recognise the net benefits of each one
• Consumers act rationally by


  Maximising their utility
• Producers act rationally by


  Selling goods/services in a way that maximises their profits
• Workers act rationally by


  Balancing welfare at work with consideration of both pay and benefits
• Governments act rationally by


  Placing the interests of the people they serve first in order to maximise their welfare
• Rationality in classical economic theory is a flawed assumption as people usually don't act rationally
• Marginal utility


  The additional utility (satisfaction) gained from the consumption of an additional product
• If you add up marginal utility for each unit you get total utility
• Assuming 10% attrition, 3,663 STEM graduates should be added to the R&D pool every year
• UNESCO Benchmark 380 R&D personnel per million population
• Philippine Data (Based on 2013 DOST R&D Survey) 270 R&D personnel per million population (26,495 total headcount)
• GAP 110 R&D personnel per million population
• Total number of R&D personnel required to meet benchmark in 5 years (2022) 46,462* STEM personnel working in R&D (headcount)
• Additional number of R&D personnel required to meet benchmark in 5 years (2022) 16,652 STEM personnel working in R&D (headcount)
• Assuming that all available slots are subscribed and that only 30% of the scholar-graduates go into R&D, the UNESCO benchmark will be met in 2021 if the proposed no. of slots will be followed. However, if we remain at the current number of slots being offered, the UNESCO benchmark will be met in 2025.
• Niche Centers in the Regions for R&D (NICER) - Capacitate Higher Education Institutions (HEIs) in the Regions to undertake quality research that will promote regional development. Provide institutional grant for HEIs in the Regions for R&D capacity building to improve their S&T infrastructure.
• R&D Leadership Program (RDLead) - Intended for HEIs in the Regions, under the NICER Program and upgrading of existing R&D facilities in HEIs and Research and Development Institutions (RDIs). Improve and hasten the use of research results that will contribute to the socio-economic development of the country and help address pressing challenges
• Collaborative Research and Development to Leverage Philippine Economy (CRADLE) - create a synergistic relationship between the academe and the industry with the goal of invigorating Philippine R&D. To improve the R&D innovation system, the program aims to: bridge the academe and the industry; and to stimulate collaboration that meets the needs of both academe and industry in one shot.
• Business Innovation through S&T (BIST) for Industry - To strengthen the S&T innovation activities and technological capacity of private sectors. To provide for the purchase of relevant high-tech equipment and machinery, technology licensing, and acquisition of patent rights.