DOST pitches local innovations to investors


PHILIPPINE innovators recently showcased innovative products to prospective investors in a forum supported by the Department of Science and Technology (DOST).

The event, dubbed “Leaders in Innovation Fellowship (LIF) Demo Day”, was held recently at the Asian Institute of Management (AIM) in Makati City by the Royal Academy of Engineering and AIM, with support from DOST.

The LIF provided an opportunity for the developers of 15 selected technology products to exhibit and present their ideas, and to locate possible business investors and customers. Prior to the LIF, the innovators underwent courses for 10 months at AIM and in the United Kingdom to hone their entrepreneurial skill set by learning how to develop ideal business plans.

DOST Undersecretary Rowena Guevara said that the science department has spearheaded various programs to encourage and empower many Filipinos in terms of conducting research, as well as in product development, which could offer appropriate and timely solutions to the country’s pressing problems.

She asked the public and stakeholders to look closely at these innovative products and assess how these could help in improving their respective products and services.

Guevara stated that the agency spends P3 billion to P5 billion every year to fuel research and development. The last two years, she said, made them realize that the technologies they are working on are readily available for technology transfer, inspiring them to spend more on it.

“We go as far as formulating guidelines we call the ‘Fairness Opinion Report’ which is necessary for any government-funded R&D so they can transfer it to their private partners. We realize that we cannot do it alone; we need partners like Royal Academy of Engineering and AIM to make these things happen,” she said.

Meanwhile, DOST-Philippine Council for Industry, Energy and Emerging Technology Research and Development Executive Director Carlos Primo David agreed with Usec Guevara about “DOST’s ultimate goal of making S&T (science and technology) work for the country.” He said that the DOST’s goal is to reach beneficiaries and contribute to the nation’s economy through the growth of technology-based processing.

He added that since last year, the DOST has developed a system called 6Ps which stands for products, patterns process, publications, people and powering.

David also expressed satisfaction over DOST researchers’ transformation in terms of teaching skills. He asked for the continued support of DOST’s partners, such as the Royal Academy of Engineering, AIM, and business sectors; and congratulated their project leaders for a job well done.

Moreover, he believes that technology in the Philippines is doing great. “Sa siyensya, may pagasa (There is hope in science). We are shaping future leaders of Asia,” he ended.

Some of the products and services presented during the Demo day were DOST’s Food Innovation Center, AgMULA RTA Rice Transplanter Attachment for Hand Tractors, Jolt: A Home Energy System, Smart System, Relief Vent, Pinpoint, Heart Smart, Visser, and Guaviderm.



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