No one definitely wants to be aggrieved, especially when certain things are at stake. This is probably the reason why people or institutions forging a deal of any kind would want a fair and equitable transaction to ensure that neither of the parties involved are deprived or disadvantaged.
Considered to be one of the final aspects in private mergers or sales deals, a fairness opinion is sought to create a total impartial review from a financial perspective to ensure that an agreement to be signed is fair and is in the best interest of those participating in the transaction.
In the same context, the government as the trustee of the Filipino people’s money, safeguards public interest by doing the same aforementioned process whenever engaging in deals. Said to be an innovative mechanism instituted on a legal perspective to safeguard public funds, the Republic Act 10055 or the Philippine Technology Transfer Act of 2009 mandates the issuance of a Fairness Opinion Report (FOR) by an independent Fairness Opinion Board (FOB) whenever commercialization is undertaken for a government-funded research, subject only to certain exception.
Education reaches beyond the four corners of the classroom as the Invent School Program of the Department of Science and Technology, Technology Application and Promotion Institute (DOST-TAPI) utilizes the digital platform in the last quarter of 2020.
This is in response to the Coronavirus disease (COVID-19) situation and government policies which discourage mass gathering. School-aged and adolescent children, who are the fundamental participants of the program, are at high-risk of exposure, hence the shift to the digital platform.
The change in the learning medium brings forth fresh changes and challenges to the program’s facilitation. Over the past years, the Invent School Program has reached out to various far-flung provinces in the country and held seminar-workshops in different schools and colleges. The two-day seminar featured on-site lectures which encompasses topics on creativity enhancement, invention development, intellectual property rights, and invention commercialization. These are followed by hands-on activities, particularly on conceptualizing and building invention prototypes with assigned teams.
As the first organization-focused activity under gender and development (GAD), the GAD Focal Point System organized the virtual GAD Orientation-Seminar on 06 October 2020.
The organization-focused activity addresses gender mainstreaming and issues within the workplace of the Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) through capacity building of employees.
The DOST-TAPI GAD Focal Point System conducted a virtual GAD Orientation-Seminar on Gender Sensitivity on 06 October 2020
Spearheaded by Ms. Kristel May Gomez Magdaraog, registered social worker and university extension specialist from the University of the Philippines – Diliman, as resource speaker, the orientation-seminar covered extensive modules on gender sensitivity which was divided into two parts.
Taguig City – The Department of Science and Technology through the Technology Application and Promotion Institute (DOST-TAPI) will be conducting a webinar entitled, “DOST Researchers’ Conference,” on 16 October 2020 at 9 AM via Zoom.
With the theme, “Creating Technologies, Making Change Happen,” the first-ever DOST Researchers’ Conference aims to capacitate the researchers and technology generators of the Sectoral Councils and Research and Development Institutes (RDIs) of the DOST in identifying state-of-the-art research topics and realizing such ideas into expansion or scale-up. The online event will tackle issues and challenges hindering the researchers from the beginning of their research until the commercialization of their technologies.