The Technology Transfer Day is a fast-track approach that allows licensors such as the technology generators, innovators, and researchers to systematically transfer DOST-funded technologies to its desired end-users like entrepreneurs, investors, government agencies, local government units, and non-government organizations.
For more than two years, the Technology Transfer Day serves as a venue for licensors and end-users to negotiate the adoption and commercialization of technologies generated by DOST research and development institutes as well as technologies funded by the DOST sectoral councils.
The Technology Transfer Day aims to forge partnerships between these technology generators and business entities in the country. It envisions the adoption of Filipino-made technologies and innovations that are designed to empower local industries and advance the global competitiveness of Philippine products and services.
The Department of Science and Technology (DOST) is mandated to provide the central direction, leadership, and coordination of scientific and technological efforts in the country. In order to ensure that world-class scientific, technological, and innovative solutions are delivered, the Republic Act 10055 or the “Philippine Technology Transfer Act of 2009” was enacted and mandated the DOST to adopt appropriate policies and procedures to make government-funded technologies and innovations available to the public.
Pursuant to this mandate, the Technology Application and Promotion Institute (TAPI) serves as the lead agency of the DOST in technology promotion and commercialization strategies. The Technology Transfer Day is one of the many strategies of the TAPI to facilitate the adoption of DOST funded and generated technologies.
Technology Transfer Day Events
With its commitment to facilitate the process of technology adoption, the TAPI continues to improve its operational framework for the Technology Transfer Day. Since 2016, various technology transfer activities and events were conducted to gather key industry players and business entities to negotiate with technology generators and/or licensing officers for various DOST- funded and generated technologies.
Among the events conducted were the two (2) National Technology Transfer Day events conducted in 2016 and 2019, respectively. Regional Technology Transfer Day events were also conducted in Leyte, Davao, Cebu, Santiago, Cagayan de Oro, Ilo Ilo, and Pampanga. These events allowed businesspersons and entrepreneurs to forge technology transfer deals with technology generators. Events were also conducted to strengthen the technology transfer transactions, such as the Regional Offices meet Technology Generators (ROs meet TechGens) and the Technology Generators meet Chief Executive Officers (TechGens meet CEOs).
At present, the Technology Transfer Day is aiming to provide technology solutions that will match the needs of the local industries. Through a more direct and industry-based approach, the Technology Transfer Day envisions the adoption of Filipino-made technologies and innovations that are designed to empower local industries and advance the global competitiveness of Philippine products and services.
The national and regional Technology Transfer Day events have become a venue for technology generators and prospective adoptors to discuss the terms of agreement and sign the Term Sheets. Through these activities, the Technology Transfer Day Project has achieved these major accomplishments: