TECH TRANSFER

[Audio] Welcome to our presentation on the technology transfer. In today's rapidly advancing world, the successful transfer of technology plays a crucial role in driving innovation and economic growth..

[Audio] In this presentation, we will guide you through the key aspects of the technology transfer process, providing you with a clear understanding of its importance and the steps involved. So, let's dive in!.

[Audio] This is the steps you need to follow. Letter of Intent (LOI) Non-Disclosure Agreement (NDA) Submission of required Documents Due Diligence Report (DDR) Technology Licensing Agreement (TLA 1 ) Fairness Opinion Report (FOB) Technology Licensing Agreement (TLA 2 ) Transfer of Technology.

Technological University of the Philippines - Manila.

[Audio] First, the client sends a formal letter addressed to the ITDI Director, signifying his/her interest in adopting the ITDI technology. The client should clearly specify the ITDI technology to be adopted.

[Audio] A consultative meeting and negotiation between the client and ITDI follows. ITDI presents a technology pitch and technology valuation to the client. All meetings and negotiations are covered with a non-disclosure agreement..

[Audio] ITDI through TSD conducts a background check to validate the information submitted by the client (i.e. credentials, list of customers, etc.) and to assess their financial standing..

[Audio] After the negotiation, all agreed terms and conditions will be reflected in the TLA. The TLA spells out all the responsibilities of both parties and other conditions/terms which have been agreed upon. Both parties sign this document..

[Audio] After signing the TLA, it now goes to the Fairness Opinion Board or FOB, which is a group of experts from different sectors. The FOB is a third party that evaluates and validates the agreement made by the client and ITDI. The body ensures that both parties have a fair consensus. After evaluating, the board issues a Fairness Opinion Report or FOR and certificate..

[Audio] This takes place when there are changes or amendment in the initial TLA arising from the evaluation result of the FOB as contained in the FOR. The amended TLA is the final agreement and signed by both parties. If there are no changes in the TLA after the FOB evaluation, proceed to the final step.

[Audio] This is the final step in the Technology Transfer Process. At this point, ITDI gives the client, license to market and commercialize the ITDI technology, providing all the necessary technical information, trainings, and continuous support to the client..