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WIPO-IFIA INTERNATIONAL SYMPOSIUM ON THE COMMERCIALIZATION OF INVENTIONS IN THE GLOBAL MARKET

WIPO-IFIA INTERNATIONAL SYMPOSIUM ON THE COMMERCIALIZATION OF INVENTIONS IN THE GLOBAL MARKET organized by the World Intellectual Property Organization (WIPO) and the International Federation of Inventors’ Associations (IFIA) in cooperation with the Korean Intellectual Property Office (KIPO)

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WIPO-IFIA INTERNATIONAL SYMPOSIUM ON THE COMMERCIALIZATION OF INVENTIONS IN THE GLOBAL MARKET

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  1. WIPO-IFIA INTERNATIONAL SYMPOSIUM ONTHE COMMERCIALIZATION OF INVENTIONSIN THE GLOBAL MARKET organized bythe World Intellectual Property Organization (WIPO) andthe International Federation of Inventors’ Associations (IFIA) in cooperation withthe Korean Intellectual Property Office (KIPO) andthe Korea Invention Promotion Association (KIPA) Seoul, December 4 to 7, 2002 ENTREPRENEURSHIP AND THE COMMERCIALIZATION OF INVENTIONS AND RESEARCH RESULTS Document prepared by Dr. Maripaz Perez, Assistant Secretary, Department of Science and Technology (DOST), Manila

  2. … The easiest and fastest way to become a M I L L I O N A I R E when commercializing biotechnology is... To start a B I L L I O N A I R E

  3. Review how policies and strategies are formulated to cope with a world driven by technological innovations; • Re-engineer trade / businesses to bring goods and services to the marketplace at the shortest time possible; • Find ways to be more globally competitive. KNOWLEDGE-BASED SOCIETY HAS FORCED COUNTRIES TO

  4. economic development sectoral growth OUTCOME A sustainable innovation environment that enhances SMEs productivity and competitiveness

  5. MAJOR CONSIDERATIONS • High risk involved in technology-based enterprise development; • Limited financing possibilities available; • Lack of adequately trained manpower; • Insufficient support services available.

  6. FACTORS INFLUENCING THE SPEED OF TECHNOLOGY COMMERCIALIZATION 1. Institutional and fiscal incentives to inventors, entrepreneurs and employees; 2. Availability of high quality scientific and business skills; 3. Supply of capital; and 4. Long-term predictability of regulatory framework as a basis for confident investment decisions.

  7. WHY TECHNOLOGIES / INVENTIONS ARE NOT COMMERCIALIZED 1. Fear of technology / invention being pirated; 2. Complex and laborious commercialization procedure; 3. Inability to respond adequately to market needs.

  8. WEAK LINK • Lack of knowledge on what each sector is doing; • Limited business / entrepreneurial culture among researchers; • Low / limited research culture in the business sector; • Organizational constraints.

  9. PROBLEMS OF SMEs IN THE PHILIPPINES 1. Raw material availability; 2. Slow adoption of technology; 3. Lack of support services; 4. Continuing reliance on single or traditional markets.

  10. PRINCIPAL BARRIERS TO ACCESS TO TECHNOLOGY* • Inconsistent and weak policy environment for the transfer of technology; • Lack of technically-trained manpower and resources; • Inadequate credit / capital market institutions for technology transfer and development; • Inadequate institutional arrangements for technology transfer and development. *1993 Philexport study

  11. Technology / Invention Development Adoption / Commercialization BRIDGING THE GAP

  12. INVENTION / RESEARCH RESULTS COMMERCIALIZATION 1. Source of funding for further research; 2. Enhance professional stature; 3. Compensate for externally imposed budget restrictions.

  13. NEEDS • Expertise to build the capability and infrastructure needed to commercialize inventions and research results: • formulate appropriate and working intellectual property protection and management mechanisms: • ownership issues; • disclosure and evaluation.

  14. NEEDS • Awareness and appreciation of the value and need for intellectual property protection: • publish or perish; • unwarranted fear of piracy. 3. Legal and expert technical services for IP protection, valuation, licensing and marketing of technologies / inventions; 4. Private sector partnership.

  15. CHALLENGES 1. Fair and reasonable; 2. Accountable and prudent; 3. Commercially astute and realistic.

  16. a. agriculture and natural resources; b. aquaculture and marine; c. health; d. industry and energy; and e. advance technology. GOAL To establish strategic alliances with key industries in five major sectors :

  17. TECHNOLOGY TRANSFER & COMMERCIALIZATION STRATEGIES Technology Packaging/ Training STIMULATE INVESTMENTS CREATE AWARENESS Enhanced Technological Capability of SMEs Information Dissemination/ Technical Assistance S&T based investment SUSTAIN DEVELOPMENT/ ADOPTION

  18. MAJOR CHARACTERISTICS 1. COMPLEMENTATION OF SERVICES; 2. HOLISTIC; 3. ENTREPRENEURIAL FOCUS; 4. SUSTAINABLE.

  19. S&T Program for Luzon (STPL) S&T Program for Visayas (STPV) S&T Program for Mindanao (STPM) SMALL ENTERPRISE TECHNOLOGY UPGRADING PROGRAM (SET-UP)

  20. GENERAL OBJECTIVES • Improve the viability of SMEs in six (6) priority sectors; • Enhance their competitiveness locally and/or abroad: • through the infusion of technologies; • provision of technical assistance; and • manpower development.

  21. SECTORS • Food Processing Industry; • Furniture Industry; • Fashion Accessories, Gifts, House Wares, Toys, Natural Dyes and Fibers; • Marine and Aquatic Resources Industry; • Horticulture Industry; and • Metals and Engineering Industry.

  22. 1. Industry Consultation 2. Investors Forum NEEDS ASSESSMENT

  23. TECHNOLOGY / INVENTION PACKAGING • Feasibility Study Preparation; • Business Plan Preparation; • Prototype Development; • Pilot Plant Assistance.

  24. ENTERPRISE DEVELOPMENT ASSISTANCE • Seed Capital; • Financing by Commercial Financial Institutions; • Technology / Invention Assessment Protocol: • design and engineering; • Networking; • Syndication: • policies; • equipment; • marketing.

  25. CONSULTANCY SERVICES / TRAINING • Productivity; • Trouble Shooting; • Technical Advisory; • Repair and Maintenance.

  26. 1. Industry Consultations on R&D Needs; 2. On-Farm Demonstrations; 3. Information Dissemination; 4. Training / Manpower Development. STRATEGIES A. SECTORAL COUNCILS

  27. 1. R&D Activities to Develop Technology Prototypes; 2. Technical Assistance / Training; 3. Information Dissemination; 4. Contract Research. STRATEGIES B. RDIs / ACADEME

  28. 1. Technology Packaging; 2. Industry Consultation / Matching; 3. Productivity Consultancy Services; 4. Hazard Mitigation / Preparedness; 5. Manpower Development; 6. Technology Financing. STRATEGIES C. REGIONAL OFFICES/SERVICE INSTITUTES

  29. INVENTORS AND INVENTION INCENTIVES ACT OF THE PHILIPPINES (RA 7459) 1. Cash Rewards; 2. Tax Incentives and Tax Exemptions; 3. Access to Invention Development Assistance Fund. 4. Invention Guarantee Fund; 5. Commercial Loan at Preferred Rates.

  30. KEY TO GROWTH AND SUSTAINED PROFIT IS . . .BY ACKNOWLEDGING AND MANAGING R&D AS A BUSINESS PROCESS

  31. Department of Science and Technology THANK YOU !

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