Technology Transfer Unit (TTU)
Functions of TTU
The Technology Transfer Unit (TTU) facilitates the transfer of registered technologies to end-users either through deployment, extension, or commercialization. Specifically, it carries out the following functions:
1. Provide IP valuation services to assess the IP assets and determine their worth or value;
2. Secure the Freedom to Operate Certificate (FTO) for government-funded research;
3. Undertake commercialization negotiations with investors for licensing, spin-off, start-up, direct sale, and other modes of technology transfer;
4. Secure the Fairness Opinion Report (FOR) from an independent body to be constituted by the Secretary of DOST to ensure that the negotiated transaction is fair to the government; and
5. In collaboration with TBIU, facilitate training and actual pitching with prospective investors
Technology Transfer refers to the process by which one party systematically transfers to another party the knowledge for the manufacture of the product, the application of a process, or the rendering of a service, which may involve the transfer, assignment or licensing of IPRs.
Technology Transfer Mechanism
General Criteria for Technologies ready for Commercialization
Completion of the R&D project generating the technology/IP
Acceptance of the technology/IP for patent application
Assessment from the LTO on selected technology/IP
Criteria for Selection of Technology Transferee
Exixtence, legal personality and track record
Financial capability of the Technology Transferee and its ability to sustain the production
Competitive position of the Technology Transferee
Compliance with legal, statutory, business and transfer/commercialization requirements.
Process of Technology Transfer
1
Submit letter of intent
2
Hold Consultative meetings/Negotiations
3
Conduct Ocular Inspection/Technology Needs Assessment
4
Prepare draft Agreement
5
Secure FOR and Written Recommendations, unless other modes for commercialization are resorted to
6
Sign and Execute Agreement
Events