- Details
By: Danica T. Salcedo
With the goal of accelerating the market entry of promising Filipino inventions, the Department of Science and Technology - Technology Application and Promotion Institute (DOST-TAPI) continues to accept commercialization proposals for the Innovation and Technology (i-TECH) Lending Program for 2022.
DOST-TAPI’s i-TECH Lending Program in partnership with the LBP funds the commercialization of Filipino inventions.
The i-TECH Lending Program is a commercialization program implemented in partnership with the Land Bank of the Philippines (LBP) to provide a special lending window with low-interest financing. The program aims to assist Filipino inventors in financing the commercialization of their patented inventions, particularly in the acquisition of capital and labor for scaled-up production.
One Inventrepinoy that has received financial assistance from the program is Mr. Francisco “Popoy” O. Pagayon who runs the Oral Educational Distributor (OED), a single proprietorship. Through the i-TECH Lending Program, Mr. Pagayon has secured a multi-million loan amounting to P2,070,000 which shall fund the mass production of his invention, the Portasol, a multi-purpose thermal speed drying tray for fish products and dried grains.
Another Filipino invention that got financing from the i-TECH Lending Program is the MYKL Kiti-kitiX-Killing Agent, a mosquito larvicide comprised of calcium hydroxide and clinoptilolite for dengue prevention, invented by Mr. Lyle Christian R. Herbosa, President of MYKL Trading, Inc.
Read more: DOST’s 3 inventions receive Land Bank’s financial support
Mr. Generoso David, Assistant Vice President of the Programs Management Department II, encourages Filipino inventors to avail loan assistance through the i-TECH Lending Program.
- Details
The Department of Science and Technology are pleased to announce that their UK Delivery Partners have published the following impact stories below highlighting the collaborative activities with DOST agencies:
- Protecting the 'Amazon of the sea' with new video technology featuring Dr. Pros Naval, Jr. and his innovation, Fish-I, which is now a spin-off company.
https://www.newton-gcrf.org/impact/stories-of-change/protecting-the-amazon-of-the-sea-with-new-video-technology/#:~:text=Fish%2Di%20is%20a%20semi,brought%20about%20by%20observer%20bias. - Accelerating impact-based forecasting, which the Met Office has published in consultation with PAGASA and other partners.
https://www.metoffice.gov.uk/research/approach/collaboration/newton/insights/accelerating-impact-based-forecasting
-
1 of 6
-
2 of 6
-
3 of 6
-
4 of 6
-
5 of 6
-
6 of 6
