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Boosting technology transfer in the Philippines

from Manila Bulletin

The Philippines, Technology Transfer Act, which was signed into law on March 23, and took effect on May 8, grants intellectual property ownership to research and development institutions that performed the research and development using public funds. The law paves the way for scientists to benefit from the results of public-funded research. It allows scientists, state universities and colleges, and research institutions to profit from research funded by taxpayers through the commercialization of research outputs, through the creation of a spin-off company or through licensing, or the sale of the technology and/or intellectual property rights. more

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