January 24, UP Manila – To implement the provision on ownership of intellectual property of the “Philippine Technology Transfer Act of 2009” or RA 10055, the Philippine Council for Health Research and Development of the Department of Science and Technology (PCHRD-DOST) formally signed a Memorandum of Agreement (MOA) with the University of the Philippines Manila (UPM) on January 24, 2011 at Alvior Hall, College of Medicine, UP Manila.
The MOA with PCHRD-DOST officially marked the turn-over of entitlement on intellectual property for medicinal plant products and related processes to UPM.
Dr. Reynaldo Garcia, Director of Technology Licensing Office of the UP System shared what he felt was the impact on research in the University of Republic Act. No. 10055 and discussed the challenge of technology commercialization.
“Commercializing a new technology rapidly is crucial to gain competitive advantage in this age of globalization. From identifying potential technologies, securing funding, working with R&D institutions, filing intellectual property, to producing and marketing products, there are a lot of gaps to be filled. Our focus now is to efficiently transfer our research results and knowledge to the marketplace.” said Dr. Garcia.
Ms. Merlita Opeña, Chief of Research, Information and Communication Utilization Division (RICUD) of PCHRD assured UPM the continuing support of PCHRD.
“As you strengthen your corporate and administrative systems to enable UP Manila to be in a better position to handle this challenging role of setting up technology-based businesses, the DOST and the PCHRD, in particular, is very close behind you, and will lend you a helping hand.” said Ms. Opeña.
The Republic Act 10055 or the “Philippine Technology Transfer Act of 2009” aims to promote and facilitate the transfer, dissemination, and effective use, management, and commercialization of intellectual property, technology and knowledge resulting from R&D funded by the government for the benefit of national economy and taxpayers. Rachel Ann Doreen D. Nadal, PCHRD