Year : 2014
Number of Pages : 61
leaves
Adviser : Dr. Roger D.
Posadas
Executive Summary
Starting
the year 1996 up to the present, the Technology Application and Promotions
Institute of the Department of Science and Technology conducts annual national
invention contests to amateur and professional grassroots inventors.
Previously, the invention contest was called as the National Invention Week
(NIW) before it was later named as the National Inventions Contests and
Exhibits (NICE), a weeklong invention contests for young and professional
inventors held every third week of November by virtue of Republic Act 7259 or
the Filipino Inventors Incentives. Moreover, both NIW and NICE were able to
generate a huge number of invention entries both from the academic and
professional inventors and researchers annually. However, with the number of
knowledge generated in the invention contests every year, it is postulated that
the number of such inventions and researches hardly reach the commercial stage.
It is argued that most of these inventions have low commercial viability and
worst, quality. At the present, companies that seek to commercialize their
technologies face a dynamic set of challenges, attitudes and values. The demand
for better, faster, cheaper technology products is a dilemma that a few
companies have successful overcome. Intellectual property, once a cost center
for most corporations, has now become an important revenue center- a critical
competitive advantage for the firms that hold it and a significant disadvantage
for those that do not. Incremental innovation-improving on what has already been
done-has traditionally helped a company survive and compete. Vijay Jolly
postulated that "technology commercialization, in other words, is about
performing successfully a range of things, each adding value to the technology
as it progresses. Also, UP TMC Professor Roger Posadas pushes the following
steps in considering the commercializability of the invention : Ease of
Commercialization, addressing a pending problem, resources available in niche,
downstream barriers to commercialization, readiness of technology for
application. Uniqueness of Application, most cost effective solution, unique
technical solution. Scope of Problems Addressed, helps expand product scope,
helps expand the core technology and widens patent coverage. And with the
complexity in today's technology and commercialization, the vertical transfer
of technology framework is still the more appropriate methodology in
commercializing technology and inventions in the embryonic stage. The transfer
of an embryonic technology (i.e., a pre-commercialized or generic technology)
from an individual or institutional inventor (e.g. a government or university
laboratory) to an organization that can either commercialize it into a new
product or process to make it publicly available for the practical solution of
a problem in society. The Technology Application and Promotion Institute of the
Department of Science and Technology annually sponsors invention contests that
features research and inventions from the lower level of education up to the
professional inventors. Previously, the National Invention Week (NIW) was an
annual competition of local inventors and researchers that features various
inventions from basic research, utility model, inventions and industrial
design. In later years, NIC was superseded by the National Invention Contests
and Exhibits (NICE).
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