DOST to Private Sector: Invest in Local Technologies, Mentor Start-ups

Department of Science and Technology (DOST) Undersecretary for Research and Development Dr. Rowena Cristina Guevara urged the members of the Management Association of the Philippines (MAP) to aide in the commercialization of DOST-supported technologies during the general membership meeting of the at the Dusit Thani Hotel, Makati City on 24 June 2019.

Every year, the DOST funds research and innovation projects amounting to millions of pesos with the hope of producing breakthroughs that can contribute to the country’s social and economic prosperity.  However, bringing these technologies into the market is hindered by the lack of investors who can fund commercialization.  

Recognizing this challenge, Usec. Guevara challenged the MAP members to volunteer as mentors to startups and spinoffs for DOST technologies and help DOST on technology valuation and commercialization. “DOST needs people like you to make sure that we can recoup our investment in research and development,” Usec. Guevara added.

Projects exhibited in the event include the Axis Knee System, Biotek M, e-Health tablet for Informed Decision Making of LGUs (eHatid), Mass Transit (AGT, HERT and HET), Jolt, The Versatile Instrumentation System for Science Education and Research (VISSER), DNA-Nanobiosensor, Foraged-Based Pellet Feeds for Goats, Loop Mediated Isothermal Amplification (LAMP), Microalgal Paste, Loading Efficiency of Magnalol in Different Metal Organic Framework and the ABC Genotyping of Hospital-Acquired Candida albicans. The first three technologies were funded by the PCHRD.