Makati City – The Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) conducted training on advanced intellectual property (IP) valuation particularly of emerging technologies on 30 to 31 August 2018 at Y2 Residence Hotel, Makati City.
Aimed to discuss the significance of IP valuation on technologies deemed to create promising effects on both economic and social progress including the possible damages incurred from patent infringement, the training was in support for the Department’s project on the commercialization of DOST-generated technologies and strengthening of the Philippines’ IP and technology portfolios.
“We recognize the importance of IP valuation as well as technology transfer activities resulted from government-funded research and development (R&D) in generating and contributing to national income,” said Atty. Marion Ivy D. Decena, Division Chief of DOST-TAPI’s Invention Development Division (IDD).
According to the World Intellectual Property Office (WIPO), the value of an asset, whether tangible or intangible, is the value of the future economic benefits it brings.
IP assets include patents, industrial designs, trademarks, copyright and trade secrets and that the value of an IP asset derives, in essence, from its ability to exclude competitors from a particular market.
The two-day training presided by advanced IP valuation expert, Mr. David Wanetick, Managing Director of IncreMental Advantage and Chief Executive Officer of Business Model Valuation, has provided the necessary skill set in valuing patents among the participants who can have a career as or are currently dealing with financial analysts, technology transfer professionals, IP managers, licensing managers, inventors, patent lawyers, and business development executives.
Forty-nine participants from DOST agencies and state universities and colleges and the academe completed the training program.
DOST-TAPI S&T Media Service
Jund Rian A. Doringo