On implementing the Technology Transfer Act of 2009
from Business Mirror
The TTA seeks to promote the commercialization of intellectual property technology and knowledge resulting from research and development to ultimately benefit national development. To achieve this, the TTA addresses, among other things, issues of ownership of intellectual property in research and development institutes; rights and responsibilities of government funding agencies and RDIs; management of intellectual property derived from R&D performed by government RDIs through their own budget; revenue sharing; and commercialization through spinoff companies.
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