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The National Innovation Council (NIC)is a 25-member policy advisory body in the Philippines. It is chaired by the President of the Philippines, NEDA Secretary as Vice-Chairperson, 16 Department Secretaries, and 7 Executive Members from the private sector.
The NIASD is the country's 10-year vision, long-term goals, and strategies for improving innovation priority areas deemed important by the National Innovation Council.
The Act established an Innovation Fund which aims to strengthen entrepreneurship in developing innovative solutions. This Fund, from which grants shall be issued, shall be administered by the NIC which shall screen and approve qualified proposals.