TUP Manila Engineering EE Department Quiz No. 2

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Questions and Answers

What is the short title of the Act that provides the framework and support system for the ownership, management, use, and commercialization of intellectual property generated from research and development funded by the government?

Philippine Technology Transfer Act (correct)

National Research and Development Act

Intellectual Property Commercialization Act

Philippine Intellectual Property Act

According to the Declaration of Policies and Principles, what does the State prioritize to promote national development and progress?

Literature and education

International trade and commerce

Science, technology, and innovation (correct)

Arts and culture

What is the primary objective of the Philippine Technology Transfer Act?

To establish a framework for international technology collaboration

To regulate the export of technology products

To facilitate the transfer and utilization of intellectual property (correct)

To encourage private enterprises to fund government research

In the context of the Act, what does 'Intellectual Property Rights (IPRs)' refer to?

Rights related to intangible assets such as patents and copyrights Signup and view all the answers

What is the role of the State in the Act's framework for technology transfer?

To encourage technology transfer to local entities and ensure fair compensation for creators Signup and view all the answers

What is the significance of commercialization of intellectual property under this Act?

It aims to facilitate the utilization of intellectual property for economic development Signup and view all the answers

What term is used to describe intangible assets resulting from creative work?

Intellectual Property Signup and view all the answers

According to Section 6, who is generally vested with ownership of IPs and IPRs generated from government-funded research?

The R&D institute that performed the research Signup and view all the answers

What is the purpose of the Technology Licensing Offices (TLOs) encouraged in the Act?

To facilitate the transfer and commercialization of IPs Signup and view all the answers

What is the primary focus of the Revenue Sharing provision in the Act?

Equitably distributing income from IP commercialization Signup and view all the answers

What is the significance of the term 'Spin-off firm or company' in the Act?

It signifies an independent business technology taker established by researchers. Signup and view all the answers

According to the Act, what is the process by which one party transfers knowledge for the manufacture of a product or application of a process?

Technology Transfer Signup and view all the answers

What is the primary role of the Congressional Oversight Committee mentioned in the Act?

To monitor and oversee the implementation of the Act Signup and view all the answers

What is the purpose of the Technology Information Access Facility established by the DOST?

To create a system for sharing and accessing technologies Signup and view all the answers

Which entity is responsible for formulating the Implementing Rules and Regulations (IRR) of the Act?

Department of Science and Technology (DOST) Signup and view all the answers

What is the purpose of the Innovative Startup Act's Implementing Rules and Regulations (IRR)?

To provide guidelines for the operationalization of the Innovative Startup Act Signup and view all the answers

Which government departments are responsible for implementing the Innovative Startup Act?

Department of Science and Technology, Department of Trade and Industry, and Department of Information and Communications Technology Signup and view all the answers

What is the primary objective of the Innovative Startup Act?

To encourage the creation of new jobs and opportunities Signup and view all the answers

What type of entities can qualify as beneficiaries under the Innovative Startup Act?

Any person or entity that has derived advantages under the Act Signup and view all the answers

What is the purpose of the Innovative Startup Act?

To facilitate the development and growth of startups Signup and view all the answers

What is the definition of 'Innovation' as per the IRR?

The creation of new methods, products, or services that deliver significant value Signup and view all the answers

What is the main focus of fundamental or basic research?

Strict adherence to traditional business models Signup and view all the answers

What is the term used to describe a new organizational method in business practices, workplace organizations, or external relations?

Commercialization Signup and view all the answers

What is the purpose of the Philippine Startup Development Program?

To limit the growth of startups in the country Signup and view all the answers

Who are considered 'Startup Enablers' as defined by the IRR?

Only investors and funders Signup and view all the answers

Which government agency is responsible for the efficient registration and assessment of startup enablers?

Department of Science and Technology (DOST) Signup and view all the answers

What is the primary purpose of the Startup Investment Development Plan?

To promote international startups Signup and view all the answers

What is the validity period of the startup visas?

One year Signup and view all the answers

What is the primary purpose of the Startup Venture Fund?

To support participation in local and international events Signup and view all the answers

What is the main objective of the Philippine Startup Ecozones?

To provide tax benefits for startups in specific regions Signup and view all the answers

Study Notes

Intellectual Property and Technology Transfer Framework

The Act providing the framework for ownership, management, and commercialization of government-funded research is known as the Philippine Technology Transfer Act.
The State prioritizes national development and progress, emphasizing the importance of advancing science and technology to enhance the country's competitive edge.
The primary objective of the Philippine Technology Transfer Act is to promote the commercialization of intellectual property resulting from public research and development investments.

Intellectual Property Rights and State Role

'Intellectual Property Rights (IPRs)' refers to the legal protections for creations of the mind, including inventions, designs, and artistic works.
The State aims to create an environment conducive to technology transfer, acting as a facilitator while promoting public access to technological innovations.

Commercialization and Ownership

Commercialization under this Act is significant for transforming research outputs into marketable products and services, driving economic growth.
Intangible assets from creative work are described as intellectual property.
Section 6 specifies that ownership of intellectual properties generated from government-funded research typically vests with the research institution or entity involved.

Technology Licensing Offices (TLOs) are encouraged to support the licensing of technologies, fostering partnerships between researchers and industry.
The Revenue Sharing provision focuses on ensuring equitable distribution of financial benefits derived from commercialization among stakeholders.

Spin-off Firms and Knowledge Transfer

The term 'Spin-off firm or company' refers to a business created to commercialize technology developed as a result of research.
Knowledge transfer involves a process where one party conveys expertise necessary for manufacturing or applying a new technology.

Governance and Implementation

The Congressional Oversight Committee monitors the Act's implementation, ensuring adherence to policies and objectives laid out.
The Technology Information Access Facility established by the DOST aims to provide easy access to technology-related information for research institutions and businesses.
The Department of Science and Technology (DOST) is tasked with formulating the Implementing Rules and Regulations (IRR) of the Act.

Innovative Startup Act

The IRR of the Innovative Startup Act is intended to provide regulatory guidelines that support the establishment and growth of startups.
Key departments involved in the implementation include the Department of Trade and Industry (DTI) and the DOST.
The primary objective of the Innovative Startup Act is to foster an ecosystem that accommodates and encourages the growth of innovation-driven startups.

Beneficiaries and Definitions

Entities qualifying as beneficiaries under the Innovative Startup Act are startups that meet specific criteria, such as financial viability and innovation level.
'Innovation' is defined in the IRR as the application of new ideas or processes to create value.

Research and Business Practices

Fundamental or basic research focuses on acquiring new knowledge without immediate practical application.
A new organizational method in business practices is termed “Business Model Innovation.”

Startup Support Programs

The Philippine Startup Development Program is designed to promote the growth of startups through various support mechanisms.
'Startup Enablers' include organizations or individuals that provide resources or support for developing startups defined by the IRR.
The responsible agency for efficient registration and assessment of startup enablers is the DTI.

Financial Aspects and Duration

The Startup Investment Development Plan aims to outline strategies for attracting investments into the startup ecosystem.
Startup visas are typically valid for specific durations, allowing foreign nationals to establish businesses in the Philippines.
The primary purpose of the Startup Venture Fund is to provide financial assistance to emerging startups, fostering innovation and growth.
The Philippine Startup Ecozones are designed to create dedicated areas that cater to startup development and innovation.

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Description

Test your knowledge on Republic Act No. 10055 and intellectual property rights. This quiz covers key concepts related to the ownership, management, use, and commercialization of intellectual property generated from government-funded research and development.