The countrys science and technology agency recently celebrated the National Technology Transfer Day 2019 which provides the necessary mechanism in speeding up the transfer and commercialization of funded and generated technologies by virtue of Republic Act (RA) 10055 or the Philippine Technology Transfer Act of 2009.
We realized that the objective of RA 10055 in the speeding up and cascading of technologies generated from publicly funded research and development (R&D) into the market fell into our hands to challenge the current system by creating innovative infrastructures for the benefit of the ordinary Filipino population, said Department of Science and Technology (DOST) Secretary Fortunato de la Peña during the keynote speech.
The DOST- Technology Application and Promotion Institute (DOST-TAPI) held the event at the the Philippine International Convention Center in Pasay City.
This years celebration presented an opening for micro, small and medium enterprises (MSME), investors, fabricators, and adaptors to invest in local technologies developed by Filipino technology generators and innovators, particularly in areas of agricultural productivity, disaster resilience, information technology development, MSME competitiveness, and quality health care.
The technologies we present today focus on the five-pillar innovation ecosystem which provides great contribution in raising the countrys performance in the Global Competitiveness Index by the World Economic Forum, added De La Peña.
The new format of the Technology Transfer Day supports the provision of a platform for recognition and dissemination of top and recent DOST breakthroughs which have potential significant impacts for global competitiveness.
The new format includes two preparatory activities Regional Offices (RO) meet Technology Generators (Tech Gen) and Tech Gen meet Chief Executive Officers (CEO) before the actual Technology Transfer Day.
Businessmen may not have the patience to wait that long in order to obtain a clearance before they can finally get a license from government-funded technologies, said DOST-TAPI Director Edgar Garcia during the Technology Transfer Day Rationale.
It is for this reason that we have our industry-based ideal licensing or spinoff terms that you may be interested to use, where we can substantially reduce the time of waiting from 60 to 90 days, to one to 15 days, added Garcia.
Since the conception of the Technology Transfer Day in 2016, six technologies were commercialized by seven adoptors all over the regions.
This year, a total of 21 technologies were pitched to possible investors and adoptors.
Moreover, the program also highlighted the ceremonial signing of the amended implementing rules and regulations of RA 10055 between DOST represented by Secretary De La Peña and the Intellectual Property Office of the Philippines represented by Director General Josephine R. Santiago.