DOST, IPO
push for intellectual property protection
“Protect your intellectual property right from the start,”
advised Carmen Peralta, director of Intellectual Property Office Philippines
(IPO-Phil), to a group of young technopreneurs during the Investors and
Start-ups Forum held at the UP-Ayala Technohub in Quezon City last January 11.
Organized by the Department of Science and Technology-Technology Resource Center
(DOST-TRC), the forum was part of DOST’s bid to promote IP awareness to
strengthen its technology business incubation program. Under this initiative,
private or public entities called business incubators or accelerators provide
assistance to start-up companies via affordable services and facilities,
administrative and technical support, mentorship, and linkages to clients and
investors.
According to Dir. Peralta, a strong intellectual property
(IP) portfolio could boost the value of a start-up company. She cited The Economist claims in 2005 that
75 percent of the value of publicly-traded companies in the US was based on
IP.
IP refers to any creation or product of the human mind
including inventions, original designs, practical applications of a good idea,
mark of ownership, literary and artistic works. Protecting IP rights through
patents, utility models, industrial design, and copyrights will ensure that
that any commercial gain from the use, production and sale of a product or
creation will go to the inventor or creator, and not someone else.
Further, the IPO-Phil director emphasized that the “first
to file” rule applies in the country, so it is important for start-up
companies, especially when technology is at the core of their business, to
study their IP protection strategy as early as possible and get advice from professionals.
A person of a company with a novel, inventive and useful
product, process or improvement of a product is advised to file a patent to
obtain a 20-year exclusive right over the product. This means that no one else
is authorized to develop and sell his or her product other than those formally
authorized. The person or company that owns the patent receives royalty
whenever other people or entities use the product for commercial purpose.
IPO Phil has waived
its fees for the first 1,000 patent applications under the Patent Protection
Incentive Package. However, Peralta
clarified that this applies only to those inventors and researchers who are
collaborating with institutions which are Innovation and Technology Support Office
(ITSO) franchisees.
A utility model, or an innovation that is not sufficiently
inventive,is given seven years patent protection.
Meanwhile, an industrial design, referring to the
aesthetic aspect of a product, can have a five-year patent protection that can
be renewed twice.
While patents, utility models, and industrial designs
require registration, a copyright is automatic from the time of publication or
recording and other such moments of expression. Copyrights last 50 years after
the death of the owner.
The forum also featured a panel discussion on start-up
founders under the DOST-TRC Open
Technology Business Incubator (Open TBI) and UP Enterprise, two of several
incubators set up in the country via DOST’s
business incubation program. The
start-up founders pitched their companies and products as well as shared the
challenges and demands of starting up a business.
Also tackled during the discussion was the issue of
financing where private incubators, accelerators and angel investors or those
who provide financing for start-up companies, gave an overview of what they can
offer in terms of funding and other forms of support to increase the company’s chances of success.
Luisa S. Lumioan, S&T Media Service, DOST-STII