Taguig City - The Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) thru its Invention Development Division Chief, Atty. Marion Ivy D. Decena met with the officials of the Philippine Council for Health Research and Development (DOST-PCHRD), University of the Philippines Manila (UPM) and Ateneo de Manila University (AdMU) on 25 June 2018 to bolster technology valuation initiatives of the PCHRD projects.
The meeting aimed to engage involved parties in crafting target deliverables and effective strategies for the project entitled, “Valuation of Technologies Generated from PCHRD-funded Research Projects” which will be spearheaded by DOST-TAPI. The project has a one year duration which started on June 2018 and will end in May 2019.
Atty. Decena, the project leader, along with other DOST-TAPI specialists, Ms. Glenda Rima and Ms. Mechelle Balboa were present in the meeting which was attended by representatives from DOST-PCHRD, Ms. Roselle Martonito; from UPM, Ms. Roxanne Llamzon; and from AdMU, Dr. Dennis Batangan, Professor Anna Dela Cruz and Mr. Philippe Bautista.
Among the technologies endorsed for valuation were Lagundi tablet and syrup, Sambong tablet, Akapulko lotion, Tsaang Gubat and Yerba Buena tablet, and, Community Health Information System (CHITS) by UPM and the eHealth TABLET (Technology Assisted Boards for LGU Efficiency and Transparency) for Informed Decision-Making for LGUs by AdMU.
“It is important that intangible assets such as IP shall be correctly valued to be able to value a business correctly”, said Atty. Decena.
IP valuation, which process include identifying issues, factors and methodologies used in giving value to IP portfolios or license deals is crucial in the implementation of RA 10055 or the Philippine Technology Transfer Act of 2009 which seeks to commercialize technologies generated by government-funded researches.
Pierre Sonia S. dela Corte
S&T Media Service