Bridging inventions to innovations in the Philippines

With the ratification of Republic Act (RA) No. 10055 or the Philippine Technology Transfer Act of 2009, the Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development (PCAARRD) has intensified its efforts on technology transfer by establishing the DOST-PCAARRD Innovation and Technology Center (DPITC). The Center is designed to deliver quality services on technology commercialization and intellectual property (IP) management. From 2017-2018, the Center’s initiatives have reached 72 projects mainly focused on IP management, business development, capacity building and policy development worth around Php345 million (USD 6.7 mil). About Php117 million (USD 2.3 mil) was generated as counterpart funds provided by research and development (R&D) partners, including 39 state universities and colleges/R&D institutes.