Functions of the National Innovation Council.
Section 7
SEC. 7. Functions of the National Innovation Council. - The NIC shall have the following functions: (a) Develop the country's strategic vision for innovation and long-term innovation goals and priorities; (b) Develop the country's innovation strategies to ensure coherent strategic direction and programs by government agencies; (c) Serve as a source of strategic intelligence for national research and innovation policymaking; (d) Engage technological expertise in strategic and innovation policymaking; (e) Coordinate with various sectors and agencies to promote policy and program coherence; (f) Monitor and assess the country's strategic and innovation programs; (g) Regularly review and update the country's strategic and innovation policies; (h) Guided by the legal mandates of the agencies and LGUs concerned, identify and task government agencies and LGUs that will be tasked to implement specific strategies under the National Innovation Agenda and Strategy Document (NIASD), to be developed under Section 9 of this Act; (i) Communicate the country's innovation policies, priorities, and agenda to local and international publics; (j) Establish and administer the Innovation Fund established in Section 21 of this Act; (k) Identify and approve programs that may qualify for funding from the Innovation Fund; (1) Develop metrics and monitor the progress of strategic innovation programs, including publicly-funded RD&E projects; (m) Implement an action agenda for the development of the country's capacity for, and success in, innovation as measured by the Global Innovation Index and other indices and measures that it may deem appropriate in measuring the growth and development of innovation in the country, or among countries; (n) Submit annual reports to the Congress of the Philippines on the progress of implementation of this Act; and (o) Perform other fimctions as may be necessary for the implementation of this Act.