The Department of Business Innovation promotes innovation as the main factor in the competitiveness of the business sector, through Calls for Grants for business innovation projects, cooperation agreements, support for the development of the entrepreneurship strategy, events to promote coordination and associative mechanisms, promotion of discussion forums, consensus building, active participation in government committees, active presence in business associations and forums, among others. Its mission is to promote the use of knowledge and creativity as pillars of a new, more competitive, and sustainable Panamanian economy.
Innovation (technology-based) is a process that consists of bringing new or traditional scientific or empirical knowledge to the market (the economy or society) in the form of a new or modified product or process. Innovation is not a linear and unidirectional process; it is cumulative and interactive. Innovation is part of and defines the very character and depth of each element of competitiveness.
Innovation is the fruit of a social process. It is cooperative in nature and enables progress for individuals and society as a whole. Innovations, therefore, are not only of a technological nature, but also of the contextual conditions that favor economic, social, and cultural development. In a development context, innovation is expected to contribute to improving people’s standard of living.
Fuente: Aguirre-Bastos, C. (2014) Glosario comentado de términos de política científica, tecnología e innovación.
The Business Innovation Promotion Program
The Business Innovation Promotion Program seeks to strengthen the competitiveness of companies in Panama by promoting their capacity for innovation through public Calls for Grants for projects. Over the years, the Department of Business Innovation has periodically developed specific Calls for Grant proposals. It has also created new types of Calls for Grant proposals that pursue the purpose of the program. Some of these Calls for Grants are detailed below:
These solution proposals generate a social impact and seek to be sustainable, scalable, and replicable, through entrepreneurship models.
Cooperation Agreements on Innovation and Entrepreneurship in support of the business, academic and training sectors
The Department of Business Innovation supports various activities and projects in Innovation and Entrepreneurship through Cooperation Agreements with actors of the innovation ecosystem in the sector and academic and training initiatives. We can highlight the following initiatives carried out through Cooperation Agreements:
Initiatives for the development of patents, technology transfer, and commercialization:The Department of Business Innovation develops a series of programs for capacity building in the areas of knowledge exchange, technology transfer and commercialization, at the professional, institutional, and national levels, including the drafting of patents, various training programs and the review of national and institutional legislation in these areas, in collaboration with international organizations and public institutions.