30 Questions
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
According to the Declaration of Policies and Principles, what does the State prioritize to promote national development and progress?
Science, technology, and innovation
What is the primary objective of the Philippine Technology Transfer Act?
To facilitate the transfer and utilization of intellectual property
In the context of the Act, what does 'Intellectual Property Rights (IPRs)' refer to?
Rights related to intangible assets such as patents and copyrights
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
What is the significance of commercialization of intellectual property under this Act?
It aims to facilitate the utilization of intellectual property for economic development
What term is used to describe intangible assets resulting from creative work?
Intellectual Property
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
What is the purpose of the Technology Licensing Offices (TLOs) encouraged in the Act?
To facilitate the transfer and commercialization of IPs
What is the primary focus of the Revenue Sharing provision in the Act?
Equitably distributing income from IP commercialization
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.
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
What is the primary role of the Congressional Oversight Committee mentioned in the Act?
To monitor and oversee the implementation of the Act
What is the purpose of the Technology Information Access Facility established by the DOST?
To create a system for sharing and accessing technologies
Which entity is responsible for formulating the Implementing Rules and Regulations (IRR) of the Act?
Department of Science and Technology (DOST)
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
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
What is the primary objective of the Innovative Startup Act?
To encourage the creation of new jobs and opportunities
What type of entities can qualify as beneficiaries under the Innovative Startup Act?
Any person or entity that has derived advantages under the Act
What is the purpose of the Innovative Startup Act?
To facilitate the development and growth of startups
What is the definition of 'Innovation' as per the IRR?
The creation of new methods, products, or services that deliver significant value
What is the main focus of fundamental or basic research?
Strict adherence to traditional business models
What is the term used to describe a new organizational method in business practices, workplace organizations, or external relations?
Commercialization
What is the purpose of the Philippine Startup Development Program?
To limit the growth of startups in the country
Who are considered 'Startup Enablers' as defined by the IRR?
Only investors and funders
Which government agency is responsible for the efficient registration and assessment of startup enablers?
Department of Science and Technology (DOST)
What is the primary purpose of the Startup Investment Development Plan?
To promote international startups
What is the validity period of the startup visas?
One year
What is the primary purpose of the Startup Venture Fund?
To support participation in local and international events
What is the main objective of the Philippine Startup Ecozones?
To provide tax benefits for startups in specific regions
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.
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