The Intellectual Property Code of the Philippines declares that an effective intellectual and industrial property system is vital to the development of domestic and creative activity, facilitates transfer of technology, attracts foreign investments and ensures market access for Philippine products.
With this in mind, the Intellectual Property Office (IPO) and the Commission on Higher Education (CHED), issued a Joint Memorandum on April 23, 2008, aimed at enhancing the capacity of state universities and colleges (SUCs) and private higher education institutions (HEIs) to harness IP assets for increasing investments and creating employment opportunities.
It also aims to improve the capacity of SUCs and HEIs to manage their IP assets, and encourages the setting-up of technology transfer offices at the institution level.
To realise these goals, the memorandum requires all SUCs and HEIs to develop policy guidelines for intellectual property.
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IP code, education, technology