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PIA Press Release

DOST to assist inventors in product commercialization

By Mai Gevera

Davao City (10 March) -- Believing that Mindanao has potential talents in the field of invention, the Department of Science and Technology through its Technology Application and Promotion Institute(TAPI) is providing financial support to those who need to commercialize their invention.

DOST is allotting an annual budget of P10 million especially intended for the commercialization of inventions.

Engr. George Colorado of TAPI explained that the office is focused on providing assistance for invention-based enterprise development as well as industry-based invention development.

The program is brought about by Republic Act 7459 or the Inventors and Invention Incentives Act of the Philippines, a law that provides a program which would encourage and support inventors and maximize their capability.

For the invention-based enterprise development, TAPI provides financial assistance to the inventor for the purchase of machinery and equipment for production and working capital.

The industry-based invention development, on the other hand, is another form of assistance provided for by TAPI by matching potential inventors with the technology needs of industries in the community.

The matching of inventors and industries is believed to have widen the opportunities for a mutual relationship between the two parties.

Recently, the Intellectual Property Philippines signed a Memoranda of Understanding with the Philippine Exporters Confederation Inc, Council of Deans of Engineering Education-Region XI, Mindanao Inventors Federation, Davao Inventors Association, and Davao City Chamber of Commerce and Industry Inc.

These parties agreed to partner for the promotion and utilization of intellectual property systems and IP-related matters into the goals of these five organizations.

IP Philippines Director-General Atty. Adrian Cristobal Jr. said that while Mindanao may have potential inventors, but what seems to be lacking is public awareness on the importance of intellectual property.

" While Mindanao has a growing industry on ICT and design, we should make the people understand intellectual property rights," he said.

The partnership with these organizations further strengthens the establishment of the IP satellite office in Mindanao which is located in Davao City.

Instead of going to Manila to file for their patent rights, inventors only have to visit the Davao satellite office and seek assistance from the personnel stationed there. (PIA XI) [top]

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