Mga nagwagi sa National Invention Contest and Exhibits, ginawaran ng Presidential Award

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00:00President Ferdinand R. Marcos Jr. assured that he will continue to support the Filipino invention

00:07while giving the Presidential Award to those who participated in the National Invention Contest and Exhibit on Nice.

00:15This is what Kenneth Paciente reported.

00:20President Ferdinand R. Marcos Jr. acknowledged the Filipino invention

00:25by giving the Presidential Award to those who participated in the National Invention Contest and Exhibit on Nice.

00:36Here, the Executive Board recognized the Filipino inventions

00:39which has a great potential to help the development of the country.

00:44We are not used to it.

00:46Because we are not from the Philippines, our equipment is not complete.

00:50We are looking for a remedy.

00:53Filipinos are good at finding a remedy.

00:56Even if our resources are limited,

00:59even if the situation is difficult,

01:04there is not enough electricity,

01:06there is not enough water,

01:08whatever it is, we find ways around that.

01:12And that's really the distinct for me.

01:14I always say that the success of our Filipinos lies in their industry,

01:21their compassion and resourcefulness.

01:25Among the innovations this year are the salt harvesting equipment,

01:29plastic segmented fish cage and many more.

01:32The inventors of these are awarded a prize of P100,000 to P300,000.

01:39We want them to have, to gain the benefit from their very good work.

01:44All of these inventions here are very fine ideas

01:50that you have put into reality.

01:52You didn't just think of renovating, but you really did it.

01:56You tested it, you made a prototype.

01:58You fixed the damaged part slowly until it was perfect.

02:03And that takes a great deal of persistence and determination

02:09and a belief in the technology that you are developing.

02:13The President hopes that not only will we hear of such inventions,

02:17but the government will continue to support such inventions.

02:23There is also a very strong motivation for the Philippine economy

02:31to have an environment that is conducive to start-ups.

02:39It's a difficult thing because start-ups generally have a failure rate,

02:46but it's rather high.

02:47It's the nature of start-ups.

02:49But one unicorn makes up for all of those others that did not make it.

02:57And that's what we have to do.

02:59TAUNANG NAISA supports the Republic Act 7459

03:03or the Inventors and Invention Incentives Act of the Philippines.

03:07It aims to make it easier for inventors and entrepreneurs

03:11to create new products and processes that will benefit society.

03:16Kenneth Paciente for Pambansang TV in Bagong, Philippines.

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