February 24, 2024

The Department of Science and Technology is urging inventors to “transfer” their technology so it could have value.
“Until you convert your invention into innovation, it has no value. Are you going to transfer the technology? We challenge you. We hope to see your products in the market,” Usec. Rowena Cristina Guevara told the winners of the National Invention Contest and Exhibits (NICE) in Taguig City recently.
Guevara noted that a product needs to have social value and economic value.
“If these two are not present, then it (product) has no value,” she said.
Technology is transferred from an originator to a secondary winner, especially from developed to less developed countries, to boost their economies.
The NICE is a DOST biennial activity that showcases inventions that won in the regional leg. National winners received cash prizes and certificates of recognition.
Guevara also reminded the winners of the Philippine Innovation Act, which according to her, would resolve the barriers to innovation.
Signed in July 2019, the law would harness innovation efforts to help the poor and the marginalized and enable micro, small and medium enterprises (MSMEs) to be part of the domestic and global supply chain.
“As inventors, let us not forget to think like a child: “Nothing is impossible’,” she added. – PNA release