Filipino Investors Express Optimism for DOST’s Continuous Support

The Filipino Inventors Society Producers Cooperative (FISPC) expressed its optimism for the Department of Science and Technology’s (DOST) continuous support for them through the Technology Application and Promotion Institute (TAPI).

The FISPC, a national organization of Filipino inventors also supports the DOST and TAPI’s programs and initiatives.

“We are very optimistic that our Filipino inventors will continue to receive more assistance from the DOST, and we are very delighted that Secretary Fortunato de la Peña, who served as director of TAPI before, is with us now,” said “inventrepreneur” Francisco Pagayon.

Pagayon coined the word “inventrepreneur” which means an inventor engaged in entrepreneurship.

“Our member inventors in the FISPC believe that the present administration will be supportive of the needs of the Filipino inventors. Government assistance will be available to us so that we can create more products and improve our competitiveness,” added Pagayon.

Meanwhile, at the recently concluded National Inventors Week Grand Inventrepreneurs Fellowship Nigh, the DOST chief likewise lauded the efforts of the FISPC and its initiatives in promoting local inventions.

Dela Pena said that DOST and TAPI will continue to provide assistance to FISPC in terms of securing patents for new products and providing financial assistance to those who will need additional funds for commercialization.

“The DOST has always been supportive of our Filipino inventors who create new products for the benefit of our people and I agree with the FISPC that entrepreneurship is the way to succeed from these inventions,” he said.

He also challenged the member-inventors to be more pro-active and forward-looking in terms of finding the needs of the market so they can invent products and services that will truly benefit the people not only in the country but also abroad.

“At DOST, one of our agenda is to improve competitiveness and, as Steve Jobs said, we can make a dent in the universe. By inventing things that are different you can make lives better. The other one is improvement in the value chain so there is the need to respond to the market for inventions to succeed. We must remember that not anyone can be an inventor but everyone can be an innovator,” Dela Pena said. (PNA)
LGI/MCCA