LOCALLY-DEVELOPED inventions are close to being showcased in the mainstream market as investors flock to the exhibit of the Department of Science and Technology at the Mindanao Business Conference (Minbizcon) on Friday, September 8, at the Xavier Sports and Country Club.
Alfonso Alamban, DOST-Northern Mindanao regional director, said at least 59 investors showed interest for the Filipino inventions.
"Ang next step ana mag-negotiate na sila technology generator or inventor, mag-advise dayon ang panel of experts kung sakto ba ang pricing sa tanan, fair ba sa generator, sa investor, ug fair ba sa market, and we hope more investors would express interest," he said.
Alamban said food-related inventions are the most attractive technology to investors saying 80 percent of the clients are into food processing.
Among the inventions include a pelletizing machine for goat feeds, a modified handloom weaving machine, ready-to-eat Arroz Caldo, a calamansi oil extractor, and a biotech enzyme, among others.
Alamban said the DOST has been implementing programs and policies to facilitate a more proactive technology transfer system, such as programs in Technology Transfer Protocol, and the Intellectual Property Policy.
"There is no end to the creativity, practical thinking, and innovativeness of Filipino inventors. Here at the Technology Transfer Day, we converge, for the technology generators and adoptors who are holding deal negotiations and consultations, as well as fast-tracked evaluations from the Fairness Opinion Board," he added.
Meanwhile, Oro Chamber President Robertino Pizzaro said the Minbizcon, which ended yesterday, September 9, was successful.
He said there were a lot of sponsors and partners who supported the affair despite the ongoing conflict in Marawi.
Pizzaro also reiterated the business sector’s continuing support of the martial law declaration to quell terrorism.
"We support the martial law, the terrorism that's happening here is a big obstacle to the plans and programs of the President, and to our programs. It was a very good move, our President acts quickly, very decisive. The martial law was very much needed," he said.
"Initially, the first month of the martial law, we really felt the down, but later on, it got better, especially with the influx of Maranaos here, madami ding pumunta sa mga department stores, sa hotels, so it's a matter of balance. We can say that, martial law is effective," he added.