The "Aghambayan: A DOST-UP Science Technology and Innovation Festival" is a celebration of the scientific projects and accomplishments of the scientific community to be held on June 20 at the PICC.
DOST secretary Fortunato Dela Pena wants to increase the number of intellectual property (IP) registration in the country, saying there is "low IP registration" in the field of research and development (R&D).
The measure aims to provide overseas Filipino scientists with financial benefits and incentives to encourage them to return to the Philippines and help boost the country's research and development.
The House committee on science and technology has approved a substitute bill which seeks to strengthen Republic Act 8439, otherwise known as the ?Magna Carta for Scientists, Engineers, Researchers and Other Science and Technology Personnel in the Government.?
By increasing the number of incubators, there will be more entrepreneurs, more startups, more jobs, more businesses and, in the long run, have an impact on national economic development.
The I-Tech program also allows inventors to borrow up to 85 percent of the total loan amount or a maximum of P12.5 million, or what the borrower's repayment capacity is, whichever is lower.
In a decade, the country is expected to have 380 scientists, engineers, and researchers for every one million Filipinos, the suggested benchmark of the Unesco, a science and technology official said.