Innovation and Technology Lending Program (I-Tech)

Opportunity Status:





LANDBANK of the Philippines and Technology Application and Promotion Institute (DOST-TAPI)

Funding type:


Closing date:

31 March 2024 | 5 PM

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Link to Documents:

Program guidelines, abstract templates, attachments and other sample documents can be downloaded here.


The LANDBANK-TAPI Innovation and Technology (I-Tech) Lending Program provides a special lending window through the Land Bank of the Philippines (LBP) to complement the use of the Invention Guarantee Fund (IGF) as provided in the Republic Act No. 7459 to extend financial support to credit-worthy Filipino inventors in the commercialization of patented inventions in the Philippines.

The program shall provide priority funding to viable projects/business activities that fall within the industries/sectors defined by DOST-TAPI as follows:

  • Commercialization/production of patented inventions that:
  1. Conserve, save or substitute fossil energy
  2. Promote or increase Philippine exports
  3. Result in import substitution/dollar saving
  4. Produce gadgets or other products that increase efficiency and/or lower cost of productions
  5. Enhance use of technology to agricultural/industrial areas
  6. Result in increased productivity in primary industries
  7. Increase local material content in imported/manufactured items
  8. Contribute to the improvement of the environment 
  9. Other project that fall under the priority sectors

1. Inventors with active intellectual property (IP) rights (e.g. letters patent, utility model registration, industrial design registration), provided that:

  1. The Inventor is a Filipino
  2. They must be of good moral character and has not been convicted of any case involving moral turpitude
  3. They must be at least 21 years old and in good health
  4. For applicant Inventors 60 years old and above, they must have a co-maker/co-borrower
  5. They have no overdue outstanding obligation with TAPI

2. Enterprises with a Deed of Assignment* that duly authorizes them to use Inventors’ patent.

  1. Single Proprietorship (Filipino citizen)
  2. Partnership (100% Filipino-owned)
  3. Corporation (at least 60% Filipino-owned); or
  4. Cooperative

3. State Universities and Colleges, government agencies and LGUs* with active intellectual property rights.

*must be duly endorsed by TAPI to LANDBANK

The Program shall fund business operations/projects within the Philippines only. This covers:

  1. Acquisition of fixed assets, capital expenditures, production materials; and
  2. Working capital

The Program offers Long Term Loans and Short Term Loans/Lines.


  1. LANDBANK Loan - 45% (up to maximum of ₱5.625 million)
  2. TAPI-IGF Loan - 40% (up to maximum of ₱5.0 million)
  3. Borrower’s Equity - 15% minimum, in cash or in kind

The loanable amount offered by the program is up to 85% of the total loan to be financed (but for a maximum amount of ₱12.50 million), or up to the repayment capacity of the borrower, whichever is lower.

Repayment Terms*

1. For Short Term Loan/Line:

    • Monthly interest payment, collected in arrears. Principal shall be payable on or before PN maturity date.
    • Via up to 360 days PN, depending on the borrower’s project’s cash flow

2. For Term Loan:

Interest and principal repayment shall be structured based on the borrower’s cash flow (i.e. could be payable daily, weekly, monthly, bi-monthly, quarterly, semi-annually or annually).

    1. On Fixed Asset Acquisition, Capital Expenditure, Production Materials - maximum on ten (10) years or based on the projected proposed project’s cash flow, inclusive of grace period up to two (2) years on principal repayment, but not exceeding:
        • the economic useful life or the remaining useful life of the fixed asset; or 
        • validity of the letters of patent/patent certificate or utility model registration certificate, whichever is lower
    2. On Permanent Working Capital - maximum of three (3) years with no grace period on principal and interest repayment

Standard fees and charges required by LANDBANK per prevailing credit bulletin at the time of availment shall apply.

Approval of loans shall be in accordance with existing Codified Approving and Signing Authorities (CASA) of LANDBANK.

* Review the full repayment terms in the program guidelines.


1. The project proponent will fill out an abstract form and submit it to This email address is being protected from spambots. You need JavaScript enabled to view it.. DOST-TAPI will evaluate the eligibility of the proponent and his/her project with the abstract as the main reference.

    • The proponent may attend a writeshop session depending on where DOST-TAPI’s writeshops will be held for this year.

2. The project proponent with an approved abstract will prepare the full-blown proposal including all the documentary requirements

    • The full-blown proposal and other required documents are to be submitted via This email address is being protected from spambots. You need JavaScript enabled to view it..

4. The full-blown proposal submission and attachments shall be forwarded to DOST-TAPI's Records Section at This email address is being protected from spambots. You need JavaScript enabled to view it..
The application processing officially begins once the proposal submission is forwarded to or received by DOST-TAPI's Records Section.

5. DOST-TAPI shall inform the project proponent, through the contact information provided, regarding the status of his/her proposal. The proponent is expected to closely coordinate with the iTECH Program Unit for possible revisions and the next evaluation steps.

  1. Proponent's application letter and commitment to avail the financial assistance addressed to the DOST-TAPI Director
  2. Duly-Accomplished Data Privacy Consent Form
  3. Applicant’s abstract
  4. TAPI endorsement letter
  5. Valid certificate of IP registration from the Intellectual Property Office of the Philippines (IPOPHL)
  6. If borrower is an Assignee of an IP Registration:
      1. Deed of Assignment of the Patents and Rights to the intervention/new technology/innovation which is duly registered in the IPOPHL
  7. For micro enterprises:
      1. Two (2) valid IDs with signature
      2. Barangay certification as to residency in relation to given address
      3. Proof of billing address (i.e. Meralco, water, phone, cable, internet, etc.)
      4. Sketch of place of residence
  8. Duly filled-out Application Form with Statement of Assets and Liabilities (SAL)
  9. Business plan including:
      1. Financial projections
      2. Source of equity
      3. List of suppliers/markets or buyers with required volume and frequency
      4. Contact numbers
  10. Collateral documents such as:
      • Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD), Plans on the offered collateral(s) of the borrower
      • Loan security acceptable to the bank (e.g. OR/CR for Chattel mortgage, lease rental contract, receivables, other contract agreements for the execution of deed of assignment, purchase orders, etc.)

11. Other documents as may required by LANDBANK and/or approving officials (of LANDBANK/TAPI) in relation to the borrower and nature of business applied.

For general inquiries about I-Tech, please contact:

DOST-TAPI Public Assistance Office
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: 8837-2072 to 82 local 2153