RP Technology Transfer Act set for enforcement this year’

REPUBLIC Act 10055, or the Philippine Technology Transfer Act of 2009, was signed into law days before the recess both in the Senate and the House of the Representatives.

The Act, a consolidation of Senate Bill 3416 and House Bill 5208, was passed by the Senate and the House on December 1 and December 15, 2009, respectively. President Gloria Arroyo approved and signed it on March 23, 2010.

The Act provides the framework and support system for the ownership, management, use and commercialization of intellectual property generated from research and development funded by government and for other purposes.

“The State shall facilitate the transfer and promote the utilization of intellectual property for the national benefit and shall call upon all research and development institutes and/or institutions [RDI] that perform government-funded research and development [R&D] to take on technology transfer as their strategic mission and to effectively translate results of government-funded R&D into useful products and services that will redound to the bene?t of Filipinos, notwithstanding the income generated from intellectual property rights [IPRs] and technology transfer activities,” the Act states.

Senators Edgardo Angara, Loren Legarda, Manuel “Mar” Roxas 2nd, Gregorio Honasan 2nd, Joker Arroyo, Pia Cayetano, Panfilo Lacson, Aquilino Pimentel Jr., Jingoy Estrada and Juan Miguel Zubiri filed the Act on August 26, 2009.