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Philippines
MEDIA RELEASE: New tech-transfer law may hasten biotech commercialization in the Philippines
30-April-2010 SEARCA BIC Press Release

The country beefs up commercialization of government-funded technologies through the enactment of the Philippine Technology Transfer Act of 2009, signed recently by President Gloria Macapagal-Arroyo. The passing of this key legislation will indeed benefit public-sector R&D, such as biotechnology, and it will also encourage local scientists to transfer their technologies from laboratory to the market.

Several R&D efforts in the government institutions and state colleges and universities remain to be untapped, and commercialization of these technologies is hampered due to lack of well-defined policy and insufficient government investment on technology transfer and incubation. This resulted to the minimal patent applications and depleted number of patent grants of government R&D institutions with only one patent granted in 2005, courtesy of the International Rice Research Institute, and another one on the sambong herbs of the Department of Science and Technology (DOST) in 2006.

DOST Secretary Estrella Alabastro affirmed that the law has mandated the grant of incentives to scientists in the form of royalties, which in turn, allowing them to have venture capital for start-up companies. It also speeds-up the process of technology commercialization systematically and broadens intellectual property assertions in the country.

For related information regarding this article, visit http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=24453:tech-transfer-law-seen-to-boost-rad-economy&catid=23:topnews&Itemid=58.

For additional updates on biotechnology in the Philippines send an e-mail to bic@agri.searca.org or visit the SEARCA Biotechnology Information Center website at www.bic.searca.org. (Rochella B. Lapitan, SEARCA BIC)

For more information, please contact:

Ms. Jenny A. Panopio
Special Project Coordinator & Network Administrator
Biotechnology Information Center
SEAMEO SEARCA
College, Laguna 4031
Email: jap at agri.searca.org
Tel: (63-49)536-2290 loc 169 or 406
Tele/Fax: (63-49)536-4105
URL: www.bic.searca.org

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SEARCA Biotechnology Information Center
UPLB Campus 4031, Los Baños, Laguna, PHILIPPINES
Telephone +6349 536 2290 ext. 406 / 169 / 135
Fax +6349 536 4105
E-mail bic@agri.searca.org

SEARCA BIC is one of the biotechnology information nodes of the International Service for the Acquisition of Agri-biotech Applications Global Knowledge Center (ISAAA KC) and hosted by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA). It was officially established in 2000 to address the needs of the region for a highly credible, sound and factual biotechnology information center in the Southeast Asian region accessible to various stakeholders.

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