In a press release, the Intellectual Property Office of the Philippines and the Philippine Chamber of Commerce and Industry called for innovators to join this year’s Alfredo M. Yao Intellectual Property Awards, an annual joint event of IPOPHL and PCCI to recognize patented and patentable technologies that can contribute to economic development.
IPOPHL Director General Rowel Barba said the award’s relevance is heightened today as the country scrambles to find sources for economic recovery.
“Efforts to keep the wheels of innovation turning is IPOPHL’s contribution to attract investments, create jobs and build the society stronger,” Barba said in a statement Sunday.
IPOPHL and the PCCI encouraged entrepreneurs, professionals, researchers and students to join either as individuals or in groups, adding non-disclosure agreements will be signed before pitching to ensure the protection of their innovations.
The AMY award is divided into two categories: collegiate for undergraduates and professional for post-graduate students, researchers, and individual inventors.
Each level will name one winner with each to be rewarded with P100,000.
Winners’ IP innovations will be showcased this Nov. 17 at the 47th Philippine Business Conference and Expo, one of the biggest annual business gatherings in the country.
“Winners of the Intellectual Property Awards also get to fine-tune their innovations as part of the contest’s support mechanism,” PCCI IP committee chairman Anton Sayo said.
To be eligible for the awards, the technology to be pitched to the investor-judges must have commercial potential, be able to solve an existing or potential problem of society or contribute to the development of the local community, be environmentally sound and sustainable and be patented or patentable.
Judges will vote based on readiness for commercialization (40 percent), uniqueness and originality of IP (20 percent), social impact (20 percent), and environmental impact (10 percent).
Entries will be accepted until Sept. 30 to give enough time for evaluation before the slated announcement of the winners on Oct. 25.*PR