CEBU, Philippines – To further develop Filipino innovations and protect local creations, the Department of Science and Technology (DOST) together with the Intellectual Property Office of the Philippines (IPO) finally issued the implementing rules and regulations (IRR) of Republic Act 10055, otherwise known as the Technology Transfer Act of 2009.
The Technology Transfer Act is a landmark law that would usher the growth of the country's innovation potential through efficient transfer of technologies, specifically those funded by public funds.
The IRR, contained in the Joint DOST-IPO Administrative Order 02-2010, was jointly signed recently by DOST Secretary Mario G. Montejo and IPO Director General Ricardo R. Blancaflor in their capacities as chair and co-chair, respectively, of the Joint IRR Drafting Committee. The IRR took effect on September 8.
At present, DOST and IPO are coordinating with the Department of Trade and Industry to come up with separate guidelines for IP valuation, commercialization, and information sharing. Alongside, the DOST Policy and IEC Groups are also preparing for the information dissemination campaign to promote the IRR among stakeholders.
In a report furnished to The FREEMAN yesterday, DOST said that the IRR underlines the main intent of the law, which is lodging ownership of the intellectual property rights (IPRs) to research and development institutes (RDIs), by setting parameters on copyright ownership and recovery of the IPR ownership.
This development is to facilitate commercialization of IPRs through spin offs. And it also provides for the rules of the Fairness Opinion Report and the Fairness Opinion Board.
The Fairness Opinion Report is an alternative to the rigid government procurement process which usually hampers efficient transfer of technologies to the market.
Dr. Albert P. Aquino, PCARRD Socio-Economics Research Division director and DOST Technical Working Committee on Tech Transfer chair, said that the activity encourages support for and ownership of the policy from stakeholders.
Common provisions involving stipulations in the research funding agreement, protection of undisclosed information, and rules on disclosure are also included in the IRR.
In terms of revenue sharing, the provisions in the research agreement or the employer-employee contract shall govern. In any case, however, the term revenue shall be defined in the agreement and where practicable, non-monetary revenues will be converted to cash.
To ensure smooth and swift transfer of technologies, the implementing rules also encourages the establishment a Technology Transfer Protocol among RDIs, which sets the guidelines in forming a spin-off company and setting parameters in revenue sharing involving non-monetary grants.
According DOST, the issuing of the IRR also encourages the establishment of Technology Licensing Offices in whatever form and the formulation of the RDIs' own policies on IPR management and technology transfer.
In case of any dispute in determining government ownership, this shall be subject to arbitration and mediation under IPO rules.
RA 10055, authored by Rep. Joseph Emilio Abaya and Sen. Edgardo Angara was signed into law by former President Gloria Arroyo on March 23 and took effect last May 8. (FREEMAN)