With the approval of the Technology Transfer Act of 2009 (R.A. 10055) and to be consistent with other applicable laws, the university revised its IPR Policy which includes the renaming and restructuring of UP Technology Licensing Office as Technology Transfer and Business Development Office in 2011. TTBDO has become the instrument of President Alfredo E. Pascual administration to promote innovation and entrepreneurship, in order to find practical solutions to national problems and continuously contribute to the growth of Philippine economy.
TTBDO has endeavored to achieve several initiatives through the following functions:
- Supervise the disclosures of all works created and inventions conceived or first reduced to practice by all university personnel;
- Facilitate the execution of agreements, affidavits, applications, complaints, and other documents relating to works and inventions necessary to facilitate the university’s intellectual property rights;
- Coordinate with the appropriate legal office of the UP System or any of its constituent universities with respect to requests for the filing of cases to protect and enforce the university’s intellectual property rights;
- Make deposits on copyright and file and prosecute the appropriate intellectual property applications including those for the protection of plant varieties on behalf of the university;
- Advise on the best stage at which a technology or invention should be out-licensed. This is with full regard to the university’s responsibility of providing the public with reasonable access to the technology or invention while receiving a reasonable return on investment;
- Assist university researchers and business/other organizations seeking technology solutions by brokering licensing agreements
- Assist university researchers in in-licensing particular technologies required for commercializing their inventions and/or for product development;
- Assist university researchers in obtaining non-assert agreements, entering patent pools, negotiating royalty ceilings and floors and other business-to-business negotiations;
- Advise university researchers on the best route to market for a particular technology or invention;
- Negotiate with university faculty, researchers, staff and students with respect to the development of independently owned technologies after a determination of their commercial potential for purposes of registration, licensing, joint venture or other technology transfer arrangements;
- Assists in securing research collaborations with and funding from commercial enterprises;
- Assist in doing due diligence on the best partners for collaborative research and development
- Help leverage the university brand and specialist expertise across subject areas in securing consultancy contracts for faculty and staff; and
- Review and recommend, upon consultation with the appropriate units of the constituent universities, appropriate intellectual property policies for the university, including possible legislative initiatives in this area.