According to Alfonso P. Alamban, regional director of the
Department of Science and Technology Region 10 (DOST-10), 48 term sheets were
signed by both tech generators and adoptors at the end of the one-day event on
8 September 2017.
These term sheets expressed the inventors’ agreement to transfer
the technologies and the investors’ commitment to adopting them.
Meanwhile, during a press conference, DOST- Technology
Application and Promotion Institute (TAPI) Director Jovito Rey E. Gonzales
described the technology transfer process as “a challenge.” It involves
negotiations between inventors and adoptors, consultations with appropriate
industry experts, and deal evaluations by the Fairness Opinion Board.
The whole process typically takes two or more months, but the
Techno Transfer Day hastened this as it allowed innovators, investors, and
experts to meet and get down to business in one place. “Instead of months, it
can happen in a day,” said Gonzales.
On the other hand, DOST Undersecretary for Regional Operations
Brenda Nazareth-Manzano emphasized that the technologies featured in the event
were only some of the hundred or so products of DOST’s research and development
in recent years. The featured innovations were selected based on pre-event
interest from potential investors as well as for their relevance in the
Philippine context. Thus, there were three locally relevant categories of
featured inventions: Agricultural Productivity, Countryside
Development/Industrial Competitiveness, and Food Processing.
The Techno Transfer Day 2017 is an annual event of DOST through
its regional offices, together with TAPI. It is designed to fast-track the
transfer of new DOST-assisted technologies from inventors to adoptors, aiming
to arrive at the utilization and commercialization of these said technologies.
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