Private sector industries, businesses and enterprises flocked to the first Technology Transfer Day of the Department of Science and Technology (DOST) and seized opportunities to capitalize on proudly Pinoy technologies showcased last April 27, 2016 at the Sofitel Philippine Plaza Manila.
More than a showcase of Filipino innovations, the DOST Technology Transfer Day became an interactive venue for companies and investors who are interested to adopt and commercialize local technologies.
To help them secure licensing agreements with technology developers, the DOST’s Technology Application and Promotion Institute (TAPI) has fast-tracked the process for issuing a fairness opinion report, a key requirement for negotiating financial terms for government-funded technologies. At the event, 14 licensing transactions were evaluated by Fairness Opinion Boards convened by TAPI. Ten of these applications were recommended as “fair” on the same day, while the remaining applications will be further evaluated. More than 20 companies also expressed interest to pursue licensing of technologies in future talks and meetings.
Aside from the dozens of inquiries on the 70-plus technologies in the areas of agriculture, industry, countryside development, healthcare, environment and disaster risk management, participating companies were also keen to partner with technology developers to try and test their innovations and products in the market.
The DOST Technology Transfer Day, with the theme “PROMISE: Promoting Research and Outstanding Milestones in Innovation and Science for Entrepreneurship”, served to bridge business and science communities through technology transfer and build partnerships for innovation-driven industries and technopreneurship.
“Through technology transfer, the DOST has delivered innovative solutions for businesses and institutions to address technical challenges in improving product or service quality, developing human resources, minimizing costs and enhancing outputs in production, acquiring equipment and facilities, and other operations and management-related activities,” DOST Secretary Mario G. Montejo said at the event’s opening rites.
The event became a platform for 10 featured technologies from the DOST and the academe to be presented on stage to an audience of more than 700 participants. Successful technology adopters, including Orthopaedic International Inc., Southern Luzon State University-Infanta and Nutridense Food Manufacturing, also shared their positive experiences of how Filipino technologies helped them scale up their respective enterprises.
The DOST Technology Transfer Day also hosted the launch of the customer portal app for DOST OneLab, which integrates and expands public access for DOST laboratory testing services. The event also hosted partnership signings between DOST Food and Nutrition Research Institute (FNRI) and the Department of Social Welfare and Development (DSWD) for the latter’s Sustainable Livelihood Program; between the DOST and Meralco subsidiary MRAIL, Inc. for an in-depth viability study of the Hybrid Road Train; and between TAPI and Landbank of the Philippines for the I-TECH (Innovation and Technology) Lending Program for Filipino Inventors.
Fairness opinion reports of technologies were officially turned over to University of the Philippines Manila and Manila HealthTek for Biotek-M, a diagnostic technology for early detection of dengue; and to DOST Advanced Science and Technology Institute (ASTI) and Alexan Incorporated for the Advanced Remote Data Acquisition Unit or arQ, a core technology for ASTI’s weather stations. Royalties were also handed over from Orthopaedic International Inc. to the DOST Philippine Council for Health Research and Development (PCHRD) for the Axis Knee System; and from Heritage Veterinary Corporation to DOST Industrial Technology Development Institute (ITDI) for the mosquito ovicidal/larvicidal (OL) trap.