The government has unveiled the Cambodia Enterprise Innovation Index Guidelines (CEII Guidelines), a groundbreaking initiative designed to drive innovation and foster economic growth nationwide.

These guidelines aim to reshape the way enterprises approach innovation, promoting a culture of creativity and productivity through precise measurement in alignment with international standards.

The CEII Guidelines are an integral part of Cambodia’s Science, Technology, and Innovation Roadmap 2030. This roadmap focuses on five strategic pillars: governance, human capital, research and development, collaboration, and ecosystem building. Together, they are intended to elevate Cambodia’s position in the Global Innovation Index among ASEAN countries by 2030.

Cambodia currently ranks slightly higher than Laos for 2023, according to the World Intellectual Property Organisation. The roadmap’s implementation aims to improve this standing significantly, ensuring Cambodia becomes a hub for tech-based investments and innovation.

In his acknowledgment of the CEII Guidelines, Hem Vanndy, the Minister of Industry, Science, Technology, & Innovation (MISTI), discussed the importance of this task. “The CEII Guidelines provide a structured and comprehensive framework to evaluate and encourage innovation within Cambodian enterprises,” he stated. “They represent a significant step toward developing an innovation-driven economy.”

The CEII, or Cambodian Enterprise Innovation Index, is a central component of national strategies. This index provides a methodologically sound and contextually relevant tool for assessing the innovation capabilities of enterprises. With its dual focus on innovation inputs and outputs, the CEII offers critical insights that will guide policymaking, strategic investments, and innovative business practices.

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Reporter: Ben Sokhean

Publication date: 30 December 2024

Source: Khmer Times