The Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) turned over the necessary reports to select institutions as part of the pre-commercialization services of the Institute on 23 November 2018 at Astoria Plaza, Ortigas Business District, Pasig City.
Included in the reports were technology valuation, freedom-to-operate (FTO), business plan reports to complement the funding assistance provided by the Technology Innovation for Commercialization (TECHNICOM) Program organized and implemented by the Institute.
TECHNICOM provides support to commercially-viable projects through financial and technical assistance with the goal of fast-tracking the transfer and commercialization of research-based and locally-developed technologies.
“The Program’s holistic approach envisions an innovative science and technology community, increase in commercialization and adoption of assisted and generated technologies, maximization of benefits from government investments in science and technology activities, and contribution to the country’s sustainable economic progress and development,” said DOST Undersecretary for Regional Operations and Chairperson of the Program Advisory Committee for TECHNICOM Brenda L. Nazareth-Manzano during the welcome remarks.
Valuation and FTO reports were handed over to the technologies on botanical de-wormer and chevon food products while business plans were handed over to the technologies on natural dyes for neo-ethnic applications, dried cassava grates, and nipa sweeteners.
Dr. Rowena Cristina L. Guevara, DOST Undersecretary for Research and Development and Co-Chairperson of the Program Advisory Committee for TECHNICOM, expressed her interest in seeing the eventual contribution of the technologies in national development.
“It may seem like a responsibility but I challenge all of you [technology generators] to maximize your innovations to be able to enter both domestic and international markets,” added Guevara.
The turned-over reports can now be used by the technology generators as a tool and guide in commercializing their technologies.
DOST-TAPI S&T Media Services
Jund Rian A. Doringo